First Wilshire Securities Management Inc. Trims Stock Holdings in Silicom Ltd $SILC

First Wilshire Securities Management Inc. trimmed its holdings in Silicom Ltd (NASDAQ:SILC) by 17.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 304,808 shares of the technology company’s stock after selling 62,830 shares during the quarter. First Wilshire Securities Management Inc. owned approximately 0.05% of Silicom worth $4,481,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of SILC. Nano Cap New Millennium Growth Fund L P purchased a new stake in shares of Silicom in the fourth quarter worth approximately $2,639,000. Susquehanna International Group LLP purchased a new stake in shares of Silicom in the third quarter worth approximately $277,000. Goldman Sachs Group Inc. purchased a new stake in shares of Silicom in the first quarter worth approximately $151,000. GSA Capital Partners LLP raised its holdings in shares of Silicom by 19.2% in the third quarter. GSA Capital Partners LLP now owns 14,685 shares of the technology company’s stock worth $260,000 after buying an additional 2,361 shares during the period. Finally, Bank of America Corp DE purchased a new stake in shares of Silicom in the fourth quarter worth approximately $29,000. 52.85% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Silicom

In other news, VP David Hendel sold 1,000 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $44.37, for a total value of $44,370.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Eran Gilad sold 6,000 shares of the stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $44.18, for a total value of $265,080.00. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 27,438 shares of company stock valued at $1,234,244. Company insiders own 25.38% of the company’s stock.

Silicom Stock Performance

Shares of NASDAQ SILC opened at $47.66 on Friday. The business’s 50 day moving average price is $36.26 and its 200-day moving average price is $23.93. Silicom Ltd has a fifty-two week low of $13.34 and a fifty-two week high of $52.58. The company has a market cap of $272.14 million, a price-to-earnings ratio of -24.69 and a beta of 1.58.

Silicom (NASDAQ:SILC) last issued its quarterly earnings results 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 firm had revenue of $19.10 million for the quarter, compared to the consensus estimate of $16.97 million.

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.