Silicom Ltd (NASDAQ:SILC) Short Interest Update

Silicom Ltd (NASDAQ:SILC) was the target of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 6,418 shares, an increase of 93.3% from the February 12th total of 3,321 shares. Based on an average trading volume of 29,929 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.2% of the company’s stock are sold short. Approximately 0.2% of the company’s stock are sold short. Based on an average trading volume of 29,929 shares, the days-to-cover ratio is currently 0.2 days.

Silicom Trading Down 1.1%

Shares of NASDAQ SILC opened at $19.25 on Thursday. The stock has a market cap of $109.15 million, a P/E ratio of -9.58 and a beta of 1.02. Silicom has a twelve month low of $12.44 and a twelve month high of $23.00. The stock has a 50 day moving average of $18.02 and a two-hundred day moving average of $16.75.

Silicom (NASDAQ:SILC) last announced its earnings results on Thursday, January 29th. The technology company reported ($0.34) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.03. Silicom had a negative net margin of 18.54% and a negative return on equity of 9.50%. The business had revenue of $16.91 million for the quarter, compared to analyst estimates of $15.65 million.

Institutional Investors Weigh In On Silicom

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE purchased a new stake in shares of Silicom during the 4th quarter worth approximately $29,000. Barclays PLC increased its stake in Silicom by 33.8% in the 4th quarter. Barclays PLC now owns 3,670 shares of the technology company’s stock valued at $54,000 after purchasing an additional 927 shares in the last quarter. Goldman Sachs Group Inc. purchased a new position in Silicom in the 1st quarter valued at approximately $151,000. GSA Capital Partners LLP raised its holdings in Silicom by 19.2% during the third quarter. GSA Capital Partners LLP now owns 14,685 shares of the technology company’s stock worth $260,000 after purchasing an additional 2,361 shares during the last quarter. Finally, Susquehanna International Group LLP acquired a new position in Silicom during the third quarter worth $277,000. 52.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Silicom in a research note on Monday, December 29th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce”.

Silicom Company Profile

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.