Silicom Ltd (NASDAQ:SILC) Short Interest Update

Silicom Ltd (NASDAQ:SILC) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 33,393 shares, an increase of 91.7% from the May 31st total of 17,416 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average daily trading volume, of 150,252 shares, the days-to-cover ratio is presently 0.2 days.

Silicom Stock Down 5.5%

Shares of NASDAQ SILC traded down $2.64 during mid-day trading on Wednesday, reaching $45.30. 140,111 shares of the company were exchanged, compared to its average volume of 102,346. The stock has a market capitalization of $260.47 million, a P/E ratio of -23.47 and a beta of 1.58. The company’s 50-day simple moving average is $41.75 and its 200-day simple moving average is $26.61. Silicom has a twelve month low of $13.34 and a twelve month high of $52.95.

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

Insider Transactions at Silicom

In other news, VP David Castiel sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $48.00, for a total value of $96,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP David Hendel sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $44.37, for a total value of $44,370.00. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 29,438 shares of company stock valued at $1,334,244. Company insiders own 25.38% of the company’s stock.

Hedge Funds Weigh In On Silicom

A number of large investors have recently made changes to their positions in SILC. Bank of America Corp DE acquired a new position in Silicom in the 4th quarter valued at $29,000. Barclays PLC boosted its position in shares of Silicom by 33.8% in the fourth quarter. Barclays PLC now owns 3,670 shares of the technology company’s stock valued at $54,000 after acquiring an additional 927 shares during the period. Goldman Sachs Group Inc. acquired a new position in shares of Silicom in the first quarter valued at about $151,000. Susquehanna International Group LLP acquired a new position in shares of Silicom in the third quarter valued at about $277,000. Finally, Citadel Advisors LLC increased its position in 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 acquiring an additional 1,117 shares during the period. Institutional investors own 52.85% of the company’s stock.

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.