First Wilshire Securities Management Inc. Acquires 10,834 Shares of Silicom Ltd $SILC

First Wilshire Securities Management Inc. boosted its holdings in shares of Silicom Ltd (NASDAQ:SILC) by 3.6% in the first quarter, according to its most recent filing with the SEC. The firm owned 315,642 shares of the technology company’s stock after acquiring an additional 10,834 shares during the period. Silicom accounts for 1.5% of First Wilshire Securities Management Inc.’s portfolio, making the stock its 22nd largest position. First Wilshire Securities Management Inc. owned 5.53% of Silicom worth $6,660,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in SILC. Bank of America Corp DE acquired a new position in shares of Silicom in the 4th quarter valued at $29,000. Goldman Sachs Group Inc. acquired a new stake in shares of Silicom during the first quarter worth $151,000. Citadel Advisors LLC grew its stake in shares of Silicom by 7.3% during the third quarter. Citadel Advisors LLC now owns 16,492 shares of the technology company’s stock worth $292,000 after purchasing an additional 1,117 shares during the period. Susquehanna International Group LLP bought a new stake in Silicom in the third quarter valued at about $277,000. Finally, Nano Cap New Millennium Growth Fund L P bought a new stake in Silicom in the fourth quarter valued at about $2,639,000. Institutional investors own 52.85% of the company’s stock.

Silicom Stock Performance

Shares of NASDAQ:SILC opened at $46.80 on Wednesday. The company has a 50 day moving average price of $43.84 and a two-hundred day moving average price of $29.66. The company has a market capitalization of $269.10 million, a PE ratio of -24.25 and a beta of 1.54. Silicom Ltd has a 52 week low of $13.34 and a 52 week high of $52.95.

Silicom (NASDAQ:SILC) last announced its quarterly earnings results on Thursday, April 30th. The technology company reported ($0.25) earnings per share 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 analysts’ expectations of $16.97 million.

Insider Buying and Selling at Silicom

In other Silicom news, EVP Yuval Karp sold 2,000 shares of Silicom stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $50.00, for a total transaction of $100,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Eran Gilad sold 6,000 shares of the business’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $44.18, for a total value of $265,080.00. The SEC filing for this sale provides additional information. Insiders have sold a total of 29,438 shares of company stock worth $1,334,244 in the last three months. 25.38% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC upgraded Silicom from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock 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. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $60.00.

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.