Avinoam Eizenman Sells 9,023 Shares of Silicom (NASDAQ:SILC) Stock

Silicom Ltd (NASDAQ:SILC) Director Avinoam Eizenman sold 9,023 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $44.66, for a total transaction of $402,967.18. Following the transaction, the director owned 188,736 shares of the company’s stock, valued at approximately $8,428,949.76. The trade was a 4.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Silicom Stock Performance

Silicom stock opened at $42.42 on Wednesday. Silicom Ltd has a 52-week low of $13.34 and a 52-week high of $48.92. The firm has a 50 day moving average price of $25.50 and a two-hundred day moving average price of $19.51. The firm has a market cap of $242.22 million, a price-to-earnings ratio of -21.98 and a beta of 1.59.

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

More Silicom News

Here are the key news stories impacting Silicom this week:

• Positive Sentiment: Silicom recently beat quarterly expectations, posting a smaller-than-expected loss and revenue above analyst estimates, which helped support the stock’s sharp run-up this month. Silicom earnings and stock information
• Neutral Sentiment: Short interest increased in April, but the overall short position remains very small, so bearish positioning appears limited overall.
• Negative Sentiment: CEO Liron Eizenman sold 8,900 shares, CFO Eran Gilad sold 6,000 shares, Director Avinoam Eizenman sold 9,023 shares, and VP David Hendel sold 500 shares, signaling broad insider selling that may be viewed as a cautionary sign. SEC filing for CEO sale SEC filing for CFO sale SEC filing for director sale SEC filing for VP sale

Institutional Trading of Silicom

Hedge funds have recently modified their holdings of the stock. Bank of America Corp DE bought a new stake in shares of Silicom in the 4th quarter valued at $29,000. Barclays PLC increased its stake 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 acquiring an additional 927 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of Silicom in the 1st quarter valued at $151,000. GSA Capital Partners LLP increased its stake 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 acquiring an additional 2,361 shares in the last quarter. Finally, Susquehanna International Group LLP bought a new stake in shares of Silicom in the 3rd quarter valued at $277,000. 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.