Silicom (NASDAQ:SILC) Director Sells $1,010,000.00 in Stock

Silicom Ltd (NASDAQ:SILC) Director Avinoam Eizenman sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $50.50, for a total transaction of $1,010,000.00. Following the sale, the director directly owned 168,736 shares in the company, valued at approximately $8,521,168. The trade was a 10.60% 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 Down 3.9%

Shares of SILC stock opened at $41.40 on Friday. Silicom Ltd has a 52 week low of $13.34 and a 52 week high of $52.95. The stock has a market capitalization of $238.05 million, a PE ratio of -24.21 and a beta of 1.55. The firm has a 50 day moving average of $43.19 and a two-hundred day moving average of $33.84.

Silicom (NASDAQ:SILC) last posted its quarterly earnings data on Wednesday, July 29th. The technology company reported ($0.16) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.08. The business had revenue of $23.81 million for the quarter, compared to analyst estimates of $20.58 million. Silicom had a negative return on equity of 8.37% and a negative net margin of 12.98%.

Analysts Set New Price Targets

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

Institutional Trading of Silicom

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE acquired a new position in shares of Silicom during the 4th quarter worth about $29,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Silicom during the 2nd quarter worth about $34,000. Barclays PLC lifted its stake in 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 purchasing an additional 927 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in Silicom during the first quarter worth approximately $151,000. Finally, Susquehanna International Group LLP acquired a new position in Silicom in the third quarter valued at approximately $277,000. 52.85% of the stock is currently owned by institutional investors and hedge funds.

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.