Silicom Ltd (NASDAQ:SILC) Short Interest Update

Silicom Ltd (NASDAQ:SILC) was the recipient of a significant decline in short interest in August. As of August 14th, there was short interest totaling 71,137 shares, a decline of 39.5% from the July 30th total of 117,492 shares. Currently, 1.7% of the company’s stock are short sold. Based on an average trading volume of 192,321 shares, the days-to-cover ratio is currently 0.4 days.

Insider Transactions at Silicom

In related news, Director Yeshayhu Orbach sold 2,969 shares of Silicom stock in a transaction on 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Eran Gilad sold 7,000 shares of the business’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $44.45, for a total transaction of $311,150.00. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 48,041 shares of company stock worth $2,331,789. Insiders own 25.38% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL purchased a new stake in Silicom in the 2nd quarter valued at about $34,000. Renaissance Technologies LLC bought a new position in shares of Silicom during the 1st quarter worth approximately $537,000. First Wilshire Securities Management Inc. boosted its stake in shares of Silicom by 3.6% in the 1st quarter. First Wilshire Securities Management Inc. now owns 315,642 shares of the technology company’s stock worth $6,660,000 after buying an additional 10,834 shares during the last quarter. Barclays PLC boosted 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 buying an additional 927 shares during the last quarter. Finally, Hudson Bay Capital Management LP bought a new position in shares of Silicom in the fourth quarter valued at approximately $3,306,000. 52.85% of the stock is currently owned by hedge funds and other institutional investors.

Silicom Stock Down 2.3%

NASDAQ SILC traded down $0.96 on Monday, reaching $41.24. The company had a trading volume of 11,200 shares, compared to its average volume of 124,888. The company’s fifty day moving average is $42.90 and its 200 day moving average is $34.84. Silicom has a 52-week low of $13.34 and a 52-week high of $52.95. The stock has a market capitalization of $237.11 million, a P/E ratio of -24.11 and a beta of 1.56.

Silicom (NASDAQ:SILC) last posted its quarterly earnings data 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. Silicom had a negative net margin of 12.98% and a negative return on equity of 8.37%. The firm had revenue of $23.81 million for the quarter, compared to the consensus estimate of $20.58 million.

Analysts Set New Price Targets

Several research firms have recently commented on SILC. Weiss Ratings reissued 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 price target for the company in a research note on Thursday, July 2nd. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently 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.