Silicom (NASDAQ:SILC) CEO Sells $877,034.16 in Stock

Silicom Ltd (NASDAQ:SILC) CEO Liron Eizenman sold 18,072 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $48.53, for a total value of $877,034.16. Following the sale, the chief executive officer directly owned 9,928 shares in the company, valued at approximately $481,805.84. This trade represents a 64.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Silicom Trading Up 10.3%

Shares of SILC stock opened at $49.50 on Friday. The stock has a 50 day moving average of $43.19 and a 200 day moving average of $32.94. The stock has a market cap of $284.62 million, a P/E ratio of -28.95 and a beta of 1.55. Silicom Ltd 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 Wednesday, July 29th. The technology company reported ($0.16) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.08. Silicom had a negative return on equity of 8.37% and a negative net margin of 12.98%.The company had revenue of $23.81 million during the quarter, compared to the consensus estimate of $20.58 million.

Analyst Ratings Changes

SILC has been the subject of several analyst reports. Needham & Company LLC upgraded shares of Silicom from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research note on Thursday, July 2nd. Weiss Ratings restated a “sell (d-)” rating on shares of Silicom in a research report on Thursday, July 30th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $60.00.

Hedge Funds Weigh In On Silicom

Hedge funds have recently bought and sold shares of the business. First Wilshire Securities Management Inc. grew its stake in Silicom by 3.6% in 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 during the period. Nano Cap New Millennium Growth Fund L P purchased a new position in Silicom during the fourth quarter valued at $2,639,000. Hudson Bay Capital Management LP acquired a new stake in shares of Silicom in the fourth quarter valued at about $3,306,000. Goldman Sachs Group Inc. grew its position in shares of Silicom by 15.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 13,155 shares of the technology company’s stock valued at $193,000 after purchasing an additional 1,751 shares during the period. Finally, Susquehanna International Group LLP purchased a new stake in shares of Silicom during the third quarter worth about $277,000. Hedge funds and other institutional investors own 52.85% of the company’s stock.

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.