Nano Cap New Millennium Growth Fund L P purchased a new stake in shares of Silicom Ltd (NASDAQ:SILC – Free Report) during the fourth quarter, Holdings Channel.com reports. The firm purchased 179,500 shares of the technology company’s stock, valued at approximately $2,639,000. Silicom accounts for approximately 2.3% of Nano Cap New Millennium Growth Fund L P’s investment portfolio, making the stock its 4th biggest holding.
A number of other hedge funds have also bought and sold shares of the stock. Citadel Advisors LLC increased its stake in Silicom by 7.3% during the 3rd 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 in the last quarter. Susquehanna International Group LLP acquired a new position in Silicom during the 3rd quarter valued at approximately $277,000. GSA Capital Partners LLP increased its stake in Silicom by 19.2% during the 3rd quarter. GSA Capital Partners LLP now owns 14,685 shares of the technology company’s stock valued at $260,000 after purchasing an additional 2,361 shares in the last quarter. Goldman Sachs Group Inc. acquired a new position in Silicom during the 1st quarter valued at approximately $151,000. Finally, Bank of America Corp DE acquired a new position in Silicom during the 4th quarter valued at approximately $29,000. Institutional investors and hedge funds own 52.85% of the company’s stock.
Insider Transactions at Silicom
In other news, CFO Eran Gilad sold 6,000 shares of the stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $44.18, for a total value of $265,080.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP David Castiel sold 2,000 shares of the stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $48.00, for a total transaction of $96,000.00. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 27,438 shares of company stock valued at $1,234,244. 25.38% of the stock is owned by corporate insiders.
Silicom Trading Up 2.8%
Silicom (NASDAQ:SILC – Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The technology company reported ($0.25) earnings per share (EPS) for the quarter, beating 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 business had revenue of $19.10 million for the quarter, compared to analyst estimates of $16.97 million.
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.
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