Insider Selling: Silicom (NASDAQ:SILC) VP Sells $96,000.00 in Stock

Silicom Ltd (NASDAQ:SILC) VP David Castiel sold 2,000 shares of Silicom stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $48.00, for a total value of $96,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Silicom Stock Performance

NASDAQ SILC opened at $41.61 on Thursday. The company has a market cap of $237.59 million, a P/E ratio of -21.56 and a beta of 1.59. The business’s 50 day moving average price is $28.60 and its 200-day moving average price is $20.69. Silicom Ltd has a fifty-two week low of $13.34 and a fifty-two week high of $52.58.

Silicom (NASDAQ:SILC) last released its earnings results on Thursday, April 30th. The technology company reported ($0.25) earnings per share for the quarter, beating the consensus estimate of ($0.36) by $0.11. The firm had revenue of $19.10 million for 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%.

Hedge Funds Weigh In On Silicom

Large investors have recently modified their holdings of the stock. Hudson Bay Capital Management LP bought a new position in shares of Silicom during the 4th quarter valued at approximately $3,306,000. Goldman Sachs Group Inc. increased its position in shares of Silicom by 15.4% during 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 last quarter. Susquehanna International Group LLP bought a new position in Silicom in the 3rd quarter valued at $277,000. Citadel Advisors LLC grew its position 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 acquiring an additional 1,117 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new position in Silicom in the 1st quarter valued at $537,000. Institutional investors 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.