Insider Selling: Silicom (NASDAQ:SILC) Director Sells $133,605.00 in Stock

Silicom Ltd (NASDAQ:SILC) Director Yeshayhu Orbach sold 2,969 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $45.00, for a total value of $133,605.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Silicom Stock Down 10.7%

NASDAQ:SILC traded down $5.09 during trading hours on Friday, reaching $42.54. The company had a trading volume of 122,624 shares, compared to its average volume of 124,548. The stock has a 50-day moving average of $43.00 and a two-hundred day moving average of $34.69. Silicom Ltd has a one year low of $13.34 and a one year high of $52.95. The firm has a market capitalization of $244.60 million, a PE ratio of -24.88 and a beta of 1.55.

Silicom (NASDAQ:SILC) last issued its earnings results on Wednesday, July 29th. The technology company reported ($0.16) EPS for the quarter, beating the consensus estimate of ($0.24) by $0.08. Silicom had a negative net margin of 12.98% and a negative return on equity of 8.37%. The company had revenue of $23.81 million for the quarter, compared to the consensus estimate of $20.58 million.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on SILC shares. Weiss Ratings restated a “sell (d-)” rating on shares of Silicom in a research report on Thursday, July 30th. Needham & Company LLC raised Silicom from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a report on Thursday, July 2nd. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $60.00.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE acquired a new position in Silicom during the 4th quarter worth $29,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Silicom during the second quarter worth $34,000. Barclays PLC raised its position in shares of Silicom by 33.8% during the fourth quarter. Barclays PLC now owns 3,670 shares of the technology company’s stock worth $54,000 after acquiring an additional 927 shares during the last quarter. Goldman Sachs Group Inc. acquired a new position in shares of Silicom during the first quarter valued at $151,000. Finally, Susquehanna International Group LLP acquired a new position in shares of Silicom during the third quarter valued at $277,000. Institutional investors own 52.85% of the company’s stock.

About Silicom

Silicom Ltd. is an Israel‐based provider of advanced networking infrastructure products designed to enhance data throughput, security, and functionality in enterprise, cloud, telecommunications, and edge‐computing environments. The company develops and manufactures a range of network interface cards (NICs), specialized adapters, and turnkey network appliances that support high‐performance packet processing, encryption, compression, and traffic optimization. Silicom’s solutions are engineered to offload complex network functions from central processing units, enabling customers to achieve greater efficiency, reliability, and scalability in their data centers.

Founded in 1987 and headquartered in Lod, Israel, Silicom has grown from a niche hardware developer into a global supplier of connectivity and networking solutions.