Silicom Ltd (NASDAQ:SILC) Short Interest Update

Silicom Ltd (NASDAQ:SILC) was the recipient of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 71,137 shares, a decrease of 39.5% from the July 30th total of 117,492 shares. Approximately 1.7% of the shares of the company are short sold. Based on an average trading volume of 192,321 shares, the short-interest ratio is currently 0.4 days.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Needham & Company LLC raised Silicom from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a report on Thursday, July 2nd. Weiss Ratings reissued a “sell (d-)” rating on shares of Silicom in a report on Thursday, July 30th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $60.00.

Insider Buying and Selling

In related news, Director Yeshayhu Orbach sold 2,969 shares of the business’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $45.00, for a total transaction of $133,605.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Avinoam Eizenman sold 20,000 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $50.50, for a total value of $1,010,000.00. Following the sale, the director directly owned 168,736 shares in the company, valued at $8,521,168. This trade represents a 10.60% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 48,041 shares of company stock valued at $2,331,789 over the last three months. Insiders own 25.38% of the company’s stock.

Institutional Trading of Silicom

Institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC purchased a new position in shares of Silicom in the first quarter worth $537,000. First Wilshire Securities Management Inc. boosted its position in Silicom by 3.6% during the 1st quarter. First Wilshire Securities Management Inc. now owns 315,642 shares of the technology company’s stock valued at $6,660,000 after buying an additional 10,834 shares during the period. Nano Cap New Millennium Growth Fund L P purchased a new stake in Silicom during the 4th quarter valued at $2,639,000. Strategic Investment Solutions Inc. IL bought a new stake in Silicom in the 2nd quarter worth $34,000. Finally, Bank of America Corp DE purchased a new position in shares of Silicom in the fourth quarter valued at about $29,000. Hedge funds and other institutional investors own 52.85% of the company’s stock.

Silicom Price Performance

NASDAQ SILC traded down $2.02 during trading on Tuesday, hitting $41.03. 48,191 shares of the company’s stock traded hands, compared to its average volume of 125,402. The stock has a fifty day moving average of $42.87 and a two-hundred day moving average of $34.99. Silicom has a 12-month low of $13.34 and a 12-month high of $52.95. The firm has a market cap of $235.85 million, a P/E ratio of -24.02 and a beta of 1.55.

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

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.