Eran Gilad Sells 7,000 Shares of Silicom (NASDAQ:SILC) Stock

Silicom Ltd (NASDAQ:SILC) CFO Eran Gilad sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $44.45, for a total transaction of $311,150.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Silicom Price Performance

NASDAQ SILC opened at $42.09 on Friday. The company’s 50 day simple moving average is $42.79 and its two-hundred day simple moving average is $31.90. Silicom Ltd has a 1 year low of $13.34 and a 1 year high of $52.95. The stock has a market capitalization of $241.93 million, a PE ratio of -24.61 and a beta of 1.55.

Silicom (NASDAQ:SILC) last released its quarterly earnings results on Wednesday, July 29th. The technology company reported ($0.16) EPS for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.08. The firm had revenue of $23.81 million during the quarter, compared to analyst estimates of $20.58 million. Silicom had a negative net margin of 12.98% and a negative return on equity of 8.37%.

Analyst Upgrades and Downgrades

Several research firms recently commented on SILC. Weiss Ratings restated a “sell (d-)” rating on shares of Silicom in a research report on Thursday, July 30th. Needham & Company LLC raised Silicom from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a report on Thursday, July 2nd. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, Silicom presently has an average rating of “Hold” and an average target price of $60.00.

Hedge Funds Weigh In On Silicom

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE purchased a new stake in shares of Silicom during the 4th quarter valued at $29,000. Goldman Sachs Group Inc. bought a new stake in shares of Silicom during the 1st quarter worth $151,000. Citadel Advisors LLC lifted its holdings in shares of Silicom by 7.3% during the 3rd quarter. Citadel Advisors LLC now owns 16,492 shares of the technology company’s stock worth $292,000 after acquiring an additional 1,117 shares during the last quarter. Susquehanna International Group LLP purchased a new position in Silicom in the third quarter worth $277,000. Finally, Nano Cap New Millennium Growth Fund L P purchased a new position in Silicom in the fourth quarter worth $2,639,000. Hedge funds and other 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.