Silicom Ltd (NASDAQ:SILC – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $28.00 and traded as high as $45.01. Silicom shares last traded at $43.90, with a volume of 64,445 shares changing hands.
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 on the stock in a research note on Thursday, July 2nd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $60.00.
Get Our Latest Stock Report on SILC
Silicom Stock Performance
Silicom (NASDAQ:SILC – Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The technology company reported ($0.25) earnings per share for the quarter, topping the consensus estimate of ($0.36) by $0.11. Silicom had a negative return on equity of 9.30% and a negative net margin of 16.57%.The company had revenue of $19.10 million for the quarter, compared to analysts’ expectations of $16.97 million.
Insider Activity at Silicom
In other Silicom news, EVP Yuval Karp sold 2,000 shares of the business’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $50.00, for a total value of $100,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Liron Eizenman sold 8,900 shares of the company’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $45.23, for a total value of $402,547.00. Following the completion of the sale, the chief executive officer owned 15,500 shares of the company’s stock, valued at $701,065. This represents a 36.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 29,438 shares of company stock worth $1,334,244 over the last ninety days. 25.38% of the stock is currently owned by company insiders.
Institutional Trading of Silicom
A number of institutional investors have recently modified their holdings of the company. Bank of America Corp DE purchased a new position in shares of Silicom in the 4th quarter worth approximately $29,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Silicom during the 2nd quarter worth approximately $34,000. Barclays PLC lifted its position in Silicom by 33.8% during 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 last quarter. Goldman Sachs Group Inc. purchased a new stake in Silicom during the first quarter valued at approximately $151,000. Finally, Susquehanna International Group LLP acquired a new stake in Silicom in the third quarter valued at approximately $277,000. 52.85% of the stock is currently owned by institutional investors.
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.
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