Silicom (NASDAQ:SILC) CFO Sells $311,150.00 in Stock

Silicom Ltd (NASDAQ:SILC) CFO Eran Gilad sold 7,000 shares of the stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $44.45, for a total transaction of $311,150.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Silicom Price Performance

Shares of SILC stock opened at $42.09 on Friday. The company has a market capitalization of $242.02 million, a price-to-earnings ratio of -24.61 and a beta of 1.55. Silicom Ltd has a one year low of $13.34 and a one year high of $52.95. The company’s fifty day moving average price is $42.79 and its 200-day moving average price is $31.90.

Silicom (NASDAQ:SILC) last issued its earnings results on Wednesday, July 29th. The technology company reported ($0.16) earnings per share for the quarter, topping 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 the consensus estimate of $20.58 million.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Silicom

Large investors have recently added to or reduced their stakes in the stock. Strategic Investment Solutions Inc. IL bought a new position in shares of Silicom during the 2nd quarter valued at approximately $34,000. Bank of America Corp DE bought a new stake in Silicom in the fourth quarter worth about $29,000. Barclays PLC lifted its stake 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. Goldman Sachs Group Inc. purchased a new position in shares of Silicom during the first quarter valued at approximately $151,000. Finally, Susquehanna International Group LLP bought a new position in shares of Silicom during the third quarter valued at approximately $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.