Liron Eizenman Sells 18,072 Shares of Silicom (NASDAQ:SILC) Stock

Silicom Ltd (NASDAQ:SILC) CEO Liron Eizenman sold 18,072 shares of the company’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $48.53, for a total transaction of $877,034.16. Following the sale, the chief executive officer directly owned 9,928 shares of the company’s stock, valued at $481,805.84. The trade was a 64.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Silicom Trading Up 10.3%

SILC opened at $49.50 on Friday. The company has a market cap of $284.62 million, a price-to-earnings ratio of -28.95 and a beta of 1.55. The company’s 50 day moving average is $43.19 and its 200 day moving average is $32.94. Silicom Ltd has a 12-month low of $13.34 and a 12-month high of $52.95.

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

Institutional Trading of Silicom

Several hedge funds have recently modified their holdings of the company. Strategic Investment Solutions Inc. IL bought a new position in shares of Silicom during the 2nd quarter valued at approximately $34,000. Barclays PLC increased its position in Silicom by 33.8% in the fourth quarter. Barclays PLC now owns 3,670 shares of the technology company’s stock worth $54,000 after purchasing an additional 927 shares during the last quarter. Citadel Advisors LLC increased its position in Silicom by 7.3% in the third 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. Bank of America Corp DE purchased a new stake in Silicom during the fourth quarter valued at $29,000. Finally, Goldman Sachs Group Inc. raised its stake in Silicom by 15.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 13,155 shares of the technology company’s stock valued at $193,000 after purchasing an additional 1,751 shares in the last quarter. 52.85% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on SILC shares. Needham & Company LLC upgraded Silicom from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research note on Thursday, July 2nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Silicom in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Silicom has an average rating of “Hold” and an average target price of $60.00.

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.