Yeshayhu Orbach Sells 2,969 Shares of Silicom (NASDAQ:SILC) Stock

Silicom Ltd (NASDAQ:SILC) Director Yeshayhu Orbach sold 2,969 shares of the business’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $45.00, for a total value of $133,605.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Silicom Price Performance

Shares of NASDAQ:SILC opened at $42.20 on Friday. The stock has a market cap of $242.65 million, a price-to-earnings ratio of -24.68 and a beta of 1.55. The company has a 50 day moving average of $42.90 and a 200-day moving average of $34.74. Silicom Ltd has a one year low of $13.34 and a one year high of $52.95.

Silicom (NASDAQ:SILC) last announced its quarterly earnings data on Wednesday, July 29th. The technology company reported ($0.16) earnings per share for the quarter, beating the consensus estimate of ($0.24) by $0.08. Silicom had a negative net margin of 12.98% and a negative return on equity of 8.37%. The business had revenue of $23.81 million for the quarter, compared to analyst estimates of $20.58 million.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. First Wilshire Securities Management Inc. boosted its holdings in shares of Silicom by 3.6% during the 1st quarter. First Wilshire Securities Management Inc. now owns 315,642 shares of the technology company’s stock worth $6,660,000 after buying an additional 10,834 shares during the period. Hudson Bay Capital Management LP bought a new position in shares of Silicom during the fourth quarter worth approximately $3,306,000. Nano Cap New Millennium Growth Fund L P bought a new position in shares of Silicom during the fourth quarter worth approximately $2,639,000. Renaissance Technologies LLC bought a new position in Silicom during the 1st quarter worth $537,000. Finally, Citadel Advisors LLC lifted 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 worth $292,000 after buying an additional 1,117 shares in the last quarter. 52.85% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SILC. Weiss Ratings reissued a “sell (d-)” rating on shares of Silicom in a research report on Thursday, July 30th. Needham & Company LLC raised shares of Silicom from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a research note on Thursday, July 2nd. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $60.00.

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.