Silicom Ltd (NASDAQ:SILC) Short Interest Update

Silicom Ltd (NASDAQ:SILC) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totaling 33,393 shares, an increase of 91.7% from the May 31st total of 17,416 shares. Based on an average daily trading volume, of 150,252 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.8% of the company’s stock are sold short.

Insider Transactions at Silicom

In related news, Director Avinoam Eizenman sold 9,023 shares of the firm’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $44.66, for a total transaction of $402,967.18. Following the sale, the director directly owned 188,736 shares in the company, valued at $8,428,949.76. This trade represents a 4.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Liron Eizenman sold 8,900 shares of the business’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $45.23, for a total transaction of $402,547.00. Following the completion of the sale, the chief executive officer directly owned 15,500 shares in the company, valued at $701,065. This represents a 36.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 29,438 shares of company stock valued at $1,334,244. 25.38% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Silicom

Several hedge funds have recently modified their holdings of the stock. First Wilshire Securities Management Inc. increased its position in shares of Silicom by 3.6% during the 1st quarter. First Wilshire Securities Management Inc. now owns 315,642 shares of the technology company’s stock worth $6,660,000 after purchasing an additional 10,834 shares during the last quarter. Hudson Bay Capital Management LP acquired a new position in Silicom during the fourth quarter worth $3,306,000. Nano Cap New Millennium Growth Fund L P acquired a new position in Silicom during the fourth quarter worth $2,639,000. Renaissance Technologies LLC bought a new stake in Silicom during the first quarter worth $537,000. Finally, Citadel Advisors LLC increased its stake 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 purchasing an additional 1,117 shares during the last quarter. Institutional investors own 52.85% of the company’s stock.

Silicom Trading Down 5.5%

Shares of Silicom stock traded down $2.64 during trading on Wednesday, reaching $45.30. The stock had a trading volume of 140,111 shares, compared to its average volume of 102,346. The company has a market capitalization of $260.47 million, a price-to-earnings ratio of -23.47 and a beta of 1.58. The stock has a fifty day moving average price of $41.75 and a two-hundred day moving average price of $26.61. Silicom has a 52 week low of $13.34 and a 52 week high of $52.95.

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, beating analysts’ consensus estimates of ($0.36) by $0.11. Silicom had a negative return on equity of 9.30% and a negative net margin of 16.57%.The business had revenue of $19.10 million for the quarter, compared to analyst estimates of $16.97 million.

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.