Avinoam Eizenman Sells 20,000 Shares of Silicom (NASDAQ:SILC) Stock

Silicom Ltd (NASDAQ:SILC) Director Avinoam Eizenman sold 20,000 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $50.50, for a total value of $1,010,000.00. Following the sale, the director owned 168,736 shares of the company’s stock, valued at $8,521,168. This trade represents a 10.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Silicom Stock Down 6.1%

SILC opened at $43.09 on Thursday. The firm has a market cap of $247.68 million, a PE ratio of -25.20 and a beta of 1.55. The business has a fifty day simple moving average of $43.32 and a 200-day simple moving average of $33.68. Silicom Ltd has a fifty-two week low of $13.34 and a fifty-two week 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, topping analysts’ consensus estimates of ($0.24) by $0.08. The company had revenue of $23.81 million for the quarter, compared to analyst estimates of $20.58 million. Silicom had a negative return on equity of 8.37% and a negative net margin of 12.98%.

Institutional Investors Weigh In On Silicom

A number of large investors have recently added to or reduced their stakes in SILC. Renaissance Technologies LLC bought a new position in shares of Silicom in the first quarter valued at approximately $537,000. First Wilshire Securities Management Inc. boosted its holdings in Silicom by 3.6% during the first quarter. First Wilshire Securities Management Inc. now owns 315,642 shares of the technology company’s stock valued at $6,660,000 after acquiring an additional 10,834 shares during the period. Nano Cap New Millennium Growth Fund L P acquired a new stake in Silicom in the 4th quarter valued at approximately $2,639,000. Hudson Bay Capital Management LP acquired a new stake in shares of Silicom in the fourth quarter worth $3,306,000. Finally, Citadel Advisors LLC grew its position in Silicom by 7.3% in 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.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on SILC. Needham & Company LLC upgraded Silicom from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a report on Thursday, July 2nd. Weiss Ratings restated a “sell (d-)” rating on shares of Silicom in a 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $60.00.

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.