Yuval Karp Sells 2,000 Shares of Silicom (NASDAQ:SILC) Stock

Silicom Ltd (NASDAQ:SILC) EVP Yuval Karp sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $50.00, for a total transaction of $100,000.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Silicom Trading Down 5.2%

Shares of SILC stock opened at $45.41 on Wednesday. Silicom Ltd has a 1 year low of $13.34 and a 1 year high of $52.58. The firm’s 50 day moving average is $37.74 and its 200-day moving average is $24.60. The firm has a market capitalization of $259.29 million, a price-to-earnings ratio of -23.53 and a beta of 1.58.

Silicom (NASDAQ:SILC) last announced its earnings results on Thursday, April 30th. The technology company reported ($0.25) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $16.97 million.

Hedge Funds Weigh In On Silicom

A number of large investors have recently modified their holdings of the stock. Hudson Bay Capital Management LP acquired a new stake in Silicom in the fourth quarter worth $3,306,000. Nano Cap New Millennium Growth Fund L P acquired a new stake in Silicom in the fourth quarter worth $2,639,000. Renaissance Technologies LLC acquired a new stake in Silicom in the first quarter worth $537,000. Susquehanna International Group LLP acquired a new stake in Silicom in the third quarter worth $277,000. Finally, First Wilshire Securities Management Inc. raised its holdings in Silicom by 3.6% in the first quarter. First Wilshire Securities Management Inc. now owns 315,642 shares of the technology company’s stock worth $6,660,000 after purchasing an additional 10,834 shares during the period. 52.85% of the stock is currently owned by institutional investors and hedge funds.

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.