Silicom Ltd (NASDAQ:SILC) Short Interest Update

Silicom Ltd (NASDAQ:SILC) was the target of a significant decrease in short interest in May. As of May 29th, there was short interest totaling 17,416 shares, a decrease of 52.5% from the May 14th total of 36,630 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily volume of 184,703 shares, the days-to-cover ratio is presently 0.1 days.

Silicom Stock Performance

Shares of NASDAQ:SILC traded up $1.45 during midday trading on Monday, hitting $47.90. 225,727 shares of the stock were exchanged, compared to its average volume of 94,750. Silicom has a 52-week low of $13.34 and a 52-week high of $52.58. The business’s fifty day simple moving average is $37.28 and its two-hundred day simple moving average is $24.39. The company has a market capitalization of $273.51 million, a PE ratio of -24.82 and a beta of 1.58.

Silicom (NASDAQ:SILC) last posted its earnings results on Thursday, April 30th. The technology company reported ($0.25) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.11. The firm had revenue of $19.10 million during the quarter, compared to analysts’ expectations of $16.97 million. Silicom had a negative net margin of 16.57% and a negative return on equity of 9.30%.

Insiders Place Their Bets

In related news, VP David Castiel sold 2,000 shares of the stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $48.00, for a total transaction of $96,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP David Hendel sold 1,000 shares of the stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $44.37, for a total value of $44,370.00. The SEC filing for this sale provides additional information. Insiders sold 29,438 shares of company stock valued at $1,334,244 over the last ninety days. Insiders own 25.38% of the company’s stock.

Hedge Funds Weigh In On Silicom

Institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE bought a new position in Silicom during the fourth quarter valued at about $29,000. Barclays PLC raised its holdings in Silicom by 33.8% during the fourth quarter. Barclays PLC now owns 3,670 shares of the technology company’s stock valued at $54,000 after buying an additional 927 shares in the last quarter. Goldman Sachs Group Inc. bought a new position in Silicom during the first quarter valued at about $151,000. GSA Capital Partners LLP raised its holdings in Silicom by 19.2% during the third quarter. GSA Capital Partners LLP now owns 14,685 shares of the technology company’s stock valued at $260,000 after buying an additional 2,361 shares in the last quarter. Finally, Susquehanna International Group LLP bought a new position in Silicom during the third quarter valued at about $277,000. 52.85% of the stock is currently owned by institutional investors.

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.