First Wilshire Securities Management Inc. Sells 62,830 Shares of Silicom Ltd $SILC

First Wilshire Securities Management Inc. cut its position in shares of Silicom Ltd (NASDAQ:SILC) by 17.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 304,808 shares of the technology company’s stock after selling 62,830 shares during the period. First Wilshire Securities Management Inc. owned approximately 5.38% of Silicom worth $4,481,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its stake in Silicom by 15.4% during 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 during the last quarter. Nano Cap New Millennium Growth Fund L P bought a new position in Silicom during the fourth quarter valued at approximately $2,639,000. Susquehanna International Group LLP bought a new position in Silicom during the third quarter valued at approximately $277,000. Citadel Advisors LLC boosted its stake in Silicom by 7.3% during the third 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 last quarter. Finally, GSA Capital Partners LLP boosted its stake 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 during the last quarter. 52.85% of the stock is owned by institutional investors.

Silicom Price Performance

NASDAQ:SILC opened at $47.66 on Friday. The firm has a market capitalization of $272.14 million, a price-to-earnings ratio of -24.69 and a beta of 1.58. Silicom Ltd has a 1 year low of $13.34 and a 1 year high of $52.58. The business has a 50 day simple moving average of $36.26 and a 200-day simple moving average of $23.93.

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

Insider Buying and Selling at Silicom

In other Silicom news, CEO Liron Eizenman sold 8,900 shares of the business’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $45.23, for a total transaction of $402,547.00. Following the transaction, the chief executive officer owned 15,500 shares in the company, valued at $701,065. The trade was a 36.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Avinoam Eizenman sold 9,023 shares of the business’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $44.66, for a total transaction of $402,967.18. Following the transaction, the director owned 188,736 shares in the company, valued at $8,428,949.76. This trade represents a 4.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 27,438 shares of company stock valued at $1,234,244. Insiders own 25.38% of the company’s stock.

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.