Insider Selling: Silicom (NASDAQ:SILC) CFO Sells $265,080.00 in Stock

Silicom Ltd (NASDAQ:SILC) CFO Eran Gilad sold 6,000 shares of the business’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $44.18, for a total value of $265,080.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Silicom Price Performance

SILC opened at $46.93 on Thursday. Silicom Ltd has a 12 month low of $13.34 and a 12 month high of $48.92. The stock has a market capitalization of $267.97 million, a price-to-earnings ratio of -24.32 and a beta of 1.59. The business has a fifty day moving average price of $26.03 and a 200 day moving average price of $19.72.

Silicom (NASDAQ:SILC) last released its earnings results on Thursday, April 30th. The technology company reported ($0.25) EPS for the quarter, topping the consensus estimate of ($0.36) by $0.11. The firm had revenue of $19.10 million during the quarter, compared to analysts’ expectations of $16.97 million. Silicom had a negative return on equity of 9.30% and a negative net margin of 16.57%.

Institutional Trading of Silicom

Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of America Corp DE purchased a new stake in shares of Silicom in the 4th quarter valued at about $29,000. Barclays PLC lifted its holdings in shares of Silicom by 33.8% in 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 last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of Silicom in the 1st quarter valued at about $151,000. GSA Capital Partners LLP lifted its holdings in shares of 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 purchasing an additional 2,361 shares during the last quarter. Finally, Susquehanna International Group LLP purchased a new stake in shares of Silicom in the 3rd quarter valued at about $277,000. 52.85% of the stock is owned by hedge funds and other institutional investors.

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.