Silicom Ltd (NASDAQ:SILC) Sees Significant Growth in Short Interest

Silicom Ltd (NASDAQ:SILC) was the target of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 19,634 shares, a growth of 111.7% from the April 15th total of 9,274 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily volume of 109,150 shares, the days-to-cover ratio is presently 0.2 days.

Insider Activity at Silicom

In other news, CEO Liron Eizenman sold 8,900 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $45.23, for a total value of $402,547.00. Following the completion of the sale, the chief executive officer directly owned 15,500 shares of the company’s stock, valued at approximately $701,065. This represents a 36.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Eran Gilad sold 6,000 shares of the stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $44.18, for a total transaction of $265,080.00. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 25,423 shares of company stock worth $1,137,464. 25.38% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Bank of America Corp DE bought a new stake in Silicom in the fourth quarter worth about $29,000. Barclays PLC grew its stake in shares of Silicom by 33.8% in the 4th 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. Goldman Sachs Group Inc. acquired a new position in shares of Silicom in the 1st quarter worth approximately $151,000. GSA Capital Partners LLP raised its holdings in shares of Silicom by 19.2% in the 3rd quarter. GSA Capital Partners LLP now owns 14,685 shares of the technology company’s stock worth $260,000 after purchasing an additional 2,361 shares in the last quarter. Finally, Susquehanna International Group LLP acquired a new stake in Silicom during the third quarter valued at approximately $277,000. 52.85% of the stock is owned by institutional investors and hedge funds.

Silicom Price Performance

Shares of NASDAQ:SILC opened at $48.08 on Friday. Silicom has a 12 month low of $13.34 and a 12 month high of $52.58. The stock has a market cap of $274.54 million, a price-to-earnings ratio of -24.91 and a beta of 1.59. The stock’s 50 day moving average price is $27.20 and its 200 day moving average price is $20.15.

Silicom (NASDAQ:SILC) last issued its quarterly 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 firm had revenue of $19.10 million during the quarter, compared to analyst estimates of $16.97 million.

About Silicom

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.