Eran Gilad Sells 7,000 Shares of Silicom (NASDAQ:SILC) Stock

Key Points

• Silicom CFO Eran Gilad sold 7,000 shares at an average price of $44.45, generating proceeds of approximately $311,150 in an SEC-reported transaction.
• Silicom shares rose 2.2% to $45.09, while the company’s latest quarterly results beat expectations: adjusted EPS was a loss of $0.16 versus the $0.24 estimated loss, and revenue reached $23.81 million.
• Analyst sentiment remains mixed, with one Buy and one Sell rating producing a consensus “Hold” rating and a $60 price target; institutional investors own 52.85% of the stock.

Silicom Ltd (NASDAQ:SILC - Get Free Report) CFO Eran Gilad sold 7,000 shares of the business's stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $44.45, for a total value of $311,150.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Silicom Trading Up 2.2%

Shares of Silicom stock traded up $0.97 during trading hours on Thursday, hitting $45.09. 40,633 shares of the company were exchanged, compared to its average volume of 113,622. The business has a 50-day moving average of $42.79 and a 200-day moving average of $31.65. Silicom Ltd has a 1 year low of $13.34 and a 1 year high of $52.95. The stock has a market capitalization of $259.30 million, a price-to-earnings ratio of -26.37 and a beta of 1.55.

Silicom (NASDAQ:SILC - Get Free Report) last announced its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $20.58 million.

Hedge Funds Weigh In On Silicom

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. First Wilshire Securities Management Inc. lifted its stake in shares of Silicom by 3.6% in 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 purchasing an additional 10,834 shares during the period. Nano Cap New Millennium Growth Fund L P acquired a new position in Silicom during the fourth quarter worth about $2,639,000. Hudson Bay Capital Management LP purchased a new position in Silicom in the fourth quarter valued at about $3,306,000. Goldman Sachs Group Inc. increased its holdings in Silicom by 15.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 13,155 shares of the technology company's stock valued at $193,000 after buying an additional 1,751 shares in the last quarter. Finally, Susquehanna International Group LLP acquired a new stake in shares of Silicom during the 3rd quarter valued at approximately $277,000. 52.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SILC. Weiss Ratings restated a "sell (d-)" rating on shares of Silicom in a research report on Thursday, July 30th. 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 research report on Thursday, July 2nd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Silicom currently has a consensus rating of "Hold" and a consensus price target 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.

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