Silicom Ltd (NASDAQ:SILC) Sees Large Increase in Short Interest

Silicom Ltd (NASDAQ:SILC) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 19,634 shares, an increase of 111.7% from the April 15th total of 9,274 shares. Based on an average daily volume of 109,150 shares, the short-interest ratio is presently 0.2 days. Approximately 0.5% of the shares of the company are sold short.

Silicom Trading Down 5.7%

Shares of NASDAQ SILC opened at $48.08 on Friday. Silicom has a 12-month low of $13.34 and a 12-month high of $52.58. The company has a market cap of $274.54 million, a price-to-earnings ratio of -24.91 and a beta of 1.59. The stock’s 50 day simple moving average is $27.20 and its 200 day simple moving average is $20.15.

Silicom (NASDAQ:SILC) last issued its quarterly earnings data 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 firm had revenue of $19.10 million during the quarter, compared to the consensus estimate of $16.97 million. Silicom had a negative return on equity of 9.30% and a negative net margin of 16.57%.

Insider Buying and Selling at Silicom

In other news, VP David Hendel sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $44.37, for a total value of $44,370.00. Following the transaction, the vice president directly owned 1,000 shares in the company, valued at approximately $44,370. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Liron Eizenman sold 8,900 shares of the business’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $45.23, for a total transaction of $402,547.00. Following the sale, the chief executive officer directly owned 15,500 shares of the company’s stock, valued at approximately $701,065. This represents a 36.48% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 25,423 shares of company stock valued at $1,137,464 over the last three months. 25.38% of the stock is currently owned by company insiders.

Institutional Trading of Silicom

A number of large investors have recently modified their holdings of the company. Barclays PLC boosted its stake in Silicom by 33.8% during the 4th quarter. Barclays PLC now owns 3,670 shares of the technology company’s stock valued at $54,000 after purchasing an additional 927 shares during the period. Citadel Advisors LLC raised its holdings in shares of Silicom by 7.3% during the third quarter. Citadel Advisors LLC now owns 16,492 shares of the technology company’s stock valued at $292,000 after buying an additional 1,117 shares during the last quarter. Bank of America Corp DE acquired a new position in shares of Silicom during the fourth quarter worth approximately $29,000. Goldman Sachs Group Inc. grew 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 worth $193,000 after buying an additional 1,751 shares in the last quarter. Finally, GSA Capital Partners LLP increased its position in Silicom by 19.2% in the 3rd quarter. GSA Capital Partners LLP now owns 14,685 shares of the technology company’s stock valued at $260,000 after acquiring an additional 2,361 shares during the period. Institutional investors and hedge funds 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.