Insider Selling: Silicom (NASDAQ:SILC) EVP Sells 2,000 Shares of Stock

Silicom Ltd (NASDAQ:SILC) EVP Yuval Karp sold 2,000 shares of the stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $50.00, for a total transaction of $100,000.00. The sale was disclosed in a document filed with the SEC, which is available at this link.

Silicom Price Performance

Shares of Silicom stock opened at $46.45 on Monday. The stock has a market capitalization of $265.23 million, a P/E ratio of -24.07 and a beta of 1.58. The company has a 50-day simple moving average of $36.76 and a 200 day simple moving average of $24.16. Silicom Ltd has a 12-month low of $13.34 and a 12-month high of $52.58.

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

Hedge Funds Weigh In On Silicom

A number of institutional investors have recently modified their holdings of the stock. Bank of America Corp DE acquired a new position in Silicom during the 4th quarter worth $29,000. Barclays PLC lifted its holdings in Silicom by 33.8% during the 4th quarter. Barclays PLC now owns 3,670 shares of the technology company’s stock worth $54,000 after buying an additional 927 shares in the last quarter. Goldman Sachs Group Inc. acquired a new position in Silicom during the 1st quarter worth $151,000. GSA Capital Partners LLP lifted its holdings in Silicom by 19.2% during the 3rd quarter. GSA Capital Partners LLP now owns 14,685 shares of the technology company’s stock worth $260,000 after buying an additional 2,361 shares in the last quarter. Finally, Susquehanna International Group LLP acquired a new position in Silicom during the 3rd quarter worth $277,000. 52.85% of the stock is owned by institutional investors.

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.