Silicom (NASDAQ:SILC) Director Avinoam Eizenman Sells 20,000 Shares of Stock

Silicom Ltd (NASDAQ:SILCGet Free Report) Director Avinoam Eizenman sold 20,000 shares of Silicom stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $50.50, for a total value of $1,010,000.00. Following the transaction, the director owned 168,736 shares of the company’s stock, valued at $8,521,168. This represents a 10.60% 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 link.

Silicom Trading Down 5.6%

NASDAQ SILC opened at $45.91 on Wednesday. The business’s 50-day moving average price is $43.35 and its 200 day moving average price is $33.51. Silicom Ltd has a twelve month low of $13.34 and a twelve month high of $52.95. The company has a market capitalization of $263.98 million, a PE ratio of -26.85 and a beta of 1.56.

Silicom (NASDAQ:SILCGet Free Report) last issued its earnings results on Wednesday, July 29th. The technology company reported ($0.16) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.08. The firm had revenue of $23.81 million for the quarter, compared to analysts’ expectations of $20.58 million. Silicom had a negative return on equity of 8.37% and a negative net margin of 12.98%.

Analyst Ratings Changes

SILC has been the topic of several research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Silicom in a research note on Thursday, July 30th. Needham & Company LLC upgraded 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. One research 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, Silicom has a consensus rating of “Hold” and a consensus target price of $60.00.

View Our Latest Report on Silicom

Hedge Funds Weigh In On Silicom

Large investors have recently made changes to their positions in the business. Strategic Investment Solutions Inc. IL acquired a new position in Silicom during the second quarter worth $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 worth $54,000 after acquiring an additional 927 shares during the last quarter. Citadel Advisors LLC boosted its stake in Silicom by 7.3% in 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 during the period. Bank of America Corp DE acquired a new position in shares of Silicom in the fourth quarter valued at about $29,000. Finally, Goldman Sachs Group Inc. boosted its holdings in Silicom by 15.4% in the 4th 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. Institutional investors own 52.85% of the company’s stock.

Silicom Company Profile

(Get Free Report)

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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