Yeshayhu Orbach Sells 2,969 Shares of Silicom (NASDAQ:SILC) Stock

Key Points

• Director Yeshayhu Orbach sold 2,969 Silicom shares at an average price of $45, generating $133,605 in proceeds, according to an SEC filing.
• Silicom shares recently traded at $42.54, down $5.09, with a market capitalization of approximately $244.6 million. The stock remains well above its 52-week low of $13.34 but below its $52.95 high.
• The company beat quarterly expectations, reporting an adjusted loss of $0.16 per share versus the $0.24 consensus estimate and revenue of $23.81 million. Analyst sentiment is mixed, with a consensus “Hold” rating and a $60 price target.

Silicom Ltd (NASDAQ:SILC - Get Free Report) Director Yeshayhu Orbach sold 2,969 shares of Silicom stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $45.00, for a total value of $133,605.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Silicom Price Performance

Silicom stock traded down $5.09 during trading hours on Friday, hitting $42.54. The company had a trading volume of 122,624 shares, compared to its average volume of 124,548. Silicom Ltd has a fifty-two week low of $13.34 and a fifty-two week high of $52.95. The firm has a market capitalization of $244.60 million, a P/E ratio of -24.88 and a beta of 1.55. The firm's fifty day moving average is $43.00 and its 200-day moving average is $34.69.

Silicom (NASDAQ:SILC - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The technology company reported ($0.16) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.24) by $0.08. Silicom had a negative return on equity of 8.37% and a negative net margin of 12.98%.The firm had revenue of $23.81 million during the quarter, compared to analysts' expectations of $20.58 million.

Hedge Funds Weigh In On Silicom

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Silicom in the second quarter valued at about $34,000. Barclays PLC boosted its stake in Silicom by 33.8% during the fourth quarter. Barclays PLC now owns 3,670 shares of the technology company's stock worth $54,000 after buying an additional 927 shares in the last quarter. Citadel Advisors LLC increased its holdings in Silicom by 7.3% in the 3rd quarter. Citadel Advisors LLC now owns 16,492 shares of the technology company's stock valued at $292,000 after buying an additional 1,117 shares during the period. Bank of America Corp DE bought a new stake in Silicom in the 4th quarter valued at $29,000. Finally, Goldman Sachs Group Inc. raised its stake in shares of Silicom by 15.4% in the 4th 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. Institutional investors and hedge funds own 52.85% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SILC. Needham & Company LLC upgraded shares of Silicom from a "hold" rating to a "buy" rating and set a $60.00 price target on the stock in a report on Thursday, July 2nd. Weiss Ratings reiterated a "sell (d-)" rating on shares of Silicom in a report on Thursday, July 30th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company's stock. According to MarketBeat, Silicom has an average rating of "Hold" and a consensus target price 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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