Insider Selling: Silicom (NASDAQ:SILC) CEO Sells $402,547.00 in Stock

Silicom Ltd (NASDAQ:SILC) CEO Liron Eizenman sold 8,900 shares of Silicom stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $45.23, for a total transaction of $402,547.00. Following the completion of the transaction, the chief executive officer directly owned 15,500 shares in the company, valued at approximately $701,065. The trade was a 36.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Silicom Stock Up 10.6%

Shares of NASDAQ SILC opened at $46.93 on Thursday. Silicom Ltd has a 52 week low of $13.34 and a 52 week high of $48.92. The firm’s fifty day moving average is $26.03 and its 200 day moving average is $19.72. The company has a market cap of $267.97 million, a price-to-earnings ratio of -24.32 and a beta of 1.59.

Silicom (NASDAQ:SILC) last issued its earnings results on Thursday, April 30th. The technology company reported ($0.25) EPS for the quarter, topping the consensus estimate of ($0.36) by $0.11. Silicom had a negative net margin of 16.57% and a negative return on equity of 9.30%. The company had revenue of $19.10 million for the quarter, compared to the consensus estimate of $16.97 million.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE purchased a new position in Silicom during the 4th quarter valued at $29,000. Barclays PLC increased its position in Silicom by 33.8% during 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 during the period. Goldman Sachs Group Inc. purchased a new position in Silicom during the 1st quarter valued at $151,000. GSA Capital Partners LLP increased its position in Silicom by 19.2% during the 3rd quarter. GSA Capital Partners LLP now owns 14,685 shares of the technology company’s stock valued at $260,000 after purchasing an additional 2,361 shares during the period. Finally, Susquehanna International Group LLP purchased a new position in Silicom during the 3rd quarter valued at $277,000. 52.85% of the stock is owned by hedge funds and other institutional investors.

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.