Silicom (NASDAQ:SILC) VP David Hendel Sells 1,000 Shares

Silicom Ltd (NASDAQ:SILC) VP David Hendel sold 1,000 shares of the stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $44.37, for a total transaction of $44,370.00. Following the transaction, the vice president directly owned 1,000 shares of the company’s stock, valued at $44,370. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

David Hendel also recently made the following trade(s):

• On Thursday, May 7th, David Hendel sold 500 shares of Silicom stock. The stock was sold at an average price of $45.00, for a total transaction of $22,500.00.

Silicom Stock Up 8.6%

NASDAQ SILC opened at $50.98 on Friday. The stock has a market capitalization of $291.10 million, a P/E ratio of -26.41 and a beta of 1.59. Silicom Ltd has a 52-week low of $13.34 and a 52-week high of $52.58. The firm has a 50-day moving average price of $26.64 and a 200 day moving average price of $19.95.

Silicom (NASDAQ:SILC) last issued its earnings results on Thursday, April 30th. The technology company reported ($0.25) earnings per share 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 company had revenue of $19.10 million for the quarter, compared to analyst estimates of $16.97 million.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SILC. Hudson Bay Capital Management LP acquired a new position in Silicom during the fourth quarter worth about $3,306,000. Nano Cap New Millennium Growth Fund L P purchased a new position in shares of Silicom during the 4th quarter worth approximately $2,639,000. Renaissance Technologies LLC acquired a new position in shares of Silicom during the 1st quarter worth approximately $537,000. Susquehanna International Group LLP purchased a new stake in Silicom in the 3rd quarter valued at approximately $277,000. Finally, First Wilshire Securities Management Inc. grew its holdings in Silicom by 3.6% during the 1st quarter. First Wilshire Securities Management Inc. now owns 315,642 shares of the technology company’s stock valued at $6,660,000 after buying an additional 10,834 shares during the last quarter. 52.85% of the stock is currently owned by institutional investors and hedge funds.

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.