Systematic Financial Management LP Decreases Stock Holdings in Silicom Ltd $SILC

Systematic Financial Management LP lowered its holdings in Silicom Ltd (NASDAQ:SILC) by 2.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 537,459 shares of the technology company’s stock after selling 13,586 shares during the period. Systematic Financial Management LP owned approximately 9.41% of Silicom worth $11,340,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. First Wilshire Securities Management Inc. lifted its holdings in shares of 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 acquiring an additional 10,834 shares in the last quarter. Nano Cap New Millennium Growth Fund L P acquired a new stake in Silicom in the 4th quarter valued at $2,639,000. Susquehanna International Group LLP acquired a new stake in Silicom in the 3rd quarter valued at $277,000. Hudson Bay Capital Management LP purchased a new position in Silicom in the fourth quarter valued at about $3,306,000. Finally, Citadel Advisors LLC raised its position in Silicom by 7.3% in the third quarter. Citadel Advisors LLC now owns 16,492 shares of the technology company’s stock valued at $292,000 after purchasing an additional 1,117 shares during the period. Hedge funds and other institutional investors own 52.85% of the company’s stock.

Silicom Stock Down 6.0%

Shares of NASDAQ:SILC opened at $39.72 on Friday. The company has a market capitalization of $228.39 million, a price-to-earnings ratio of -20.58 and a beta of 1.54. The company has a 50 day moving average of $43.45 and a two-hundred day moving average of $30.13. Silicom Ltd has a 52-week low of $13.34 and a 52-week high of $52.95.

Silicom (NASDAQ:SILC) last posted its earnings results on Thursday, April 30th. The technology company reported ($0.25) EPS for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.11. The business had revenue of $19.10 million for the quarter, compared to analysts’ expectations 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, Director Avinoam Eizenman sold 9,023 shares of the firm’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $44.66, for a total transaction of $402,967.18. Following the completion of the sale, the director directly owned 188,736 shares in the company, valued at $8,428,949.76. This trade represents a 4.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP David Castiel sold 2,000 shares of Silicom stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $48.00, for a total value of $96,000.00. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 29,438 shares of company stock worth $1,334,244 over the last three months. Insiders own 25.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, 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 research report on Thursday, July 2nd. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $60.00.

Silicom 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.