Silicom Ltd (NASDAQ:SILC) Short Interest Update

Silicom Ltd (NASDAQ:SILC) was the recipient of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 6,418 shares, an increase of 93.3% from the February 12th total of 3,321 shares. Based on an average trading volume of 29,929 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.2% of the company’s shares are sold short. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 29,929 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On Silicom

Large investors have recently modified their holdings of the company. Systematic Financial Management LP lifted its position in shares of Silicom by 3.5% during the 2nd quarter. Systematic Financial Management LP now owns 530,368 shares of the technology company’s stock worth $8,203,000 after purchasing an additional 18,139 shares during the last quarter. GSA Capital Partners LLP increased its holdings in Silicom by 19.2% in the third quarter. GSA Capital Partners LLP now owns 14,685 shares of the technology company’s stock valued at $260,000 after buying an additional 2,361 shares during the last quarter. Nano Cap New Millennium Growth Fund L P acquired a new stake in Silicom in the fourth quarter valued at $2,639,000. Bank of America Corp DE acquired a new stake in Silicom in the fourth quarter valued at $29,000. Finally, 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 during the last quarter. 52.85% of the stock is owned by hedge funds and other institutional investors.

Silicom Price Performance

SILC stock opened at $19.25 on Thursday. The business’s 50-day moving average is $18.02 and its two-hundred day moving average is $16.75. The firm has a market capitalization of $109.15 million, a P/E ratio of -9.58 and a beta of 1.02. Silicom has a 1 year low of $12.44 and a 1 year high of $23.00.

Silicom (NASDAQ:SILC) last announced its quarterly earnings data on Thursday, January 29th. The technology company reported ($0.34) EPS for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.03. Silicom had a negative return on equity of 9.50% and a negative net margin of 18.54%.The business had revenue of $16.91 million during the quarter, compared to the consensus estimate of $15.65 million.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Silicom in a research report on Monday, December 29th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce”.

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.