Silicom Ltd (NASDAQ:SILC) Sees Significant Drop in Short Interest

by · The Cerbat Gem

Silicom Ltd (NASDAQ:SILC – Get Free Report) was the recipient of a significant drop in short interest in the month of December. As of December 15th, there was short interest totaling 3,459 shares, a drop of 48.3% from the November 30th total of 6,692 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 9,027 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 9,027 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SILC. Goldman Sachs Group Inc. bought a new stake in shares of Silicom during the first quarter worth $151,000. Systematic Financial Management LP increased its position in Silicom by 3.5% in the second quarter. Systematic Financial Management LP now owns 530,368 shares of the technology company’s stock worth $8,203,000 after purchasing an additional 18,139 shares during the period. GSA Capital Partners LLP raised its holdings in Silicom by 19.2% during the 3rd quarter. GSA Capital Partners LLP now owns 14,685 shares of the technology company’s stock worth $260,000 after purchasing an additional 2,361 shares during the last quarter. Susquehanna International Group LLP bought a new stake in Silicom during the 3rd quarter worth about $277,000. Finally, Citadel Advisors LLC lifted its position in Silicom by 7.3% during the 3rd quarter. Citadel Advisors LLC now owns 16,492 shares of the technology company’s stock valued at $292,000 after purchasing an additional 1,117 shares during the period. 52.85% of the stock is currently owned by institutional investors.

Silicom Trading Up 0.8%

SILC opened at $14.09 on Friday. Silicom has a 1-year low of $12.44 and a 1-year high of $19.36. The stock has a market capitalization of $79.89 million, a PE ratio of -6.05 and a beta of 1.05. The firm has a 50-day moving average price of $15.19 and a two-hundred day moving average price of $15.95.

Silicom (NASDAQ:SILC – Get Free Report) last announced its earnings results on Thursday, October 30th. The technology company reported ($0.49) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.13). Silicom had a negative return on equity of 10.83% and a negative net margin of 22.47%.The company had revenue of $15.61 million for the quarter, compared to analyst estimates of $15.64 million.

Analysts Set New Price Targets

Several equities research analysts have issued reports on SILC shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Silicom in a report on Monday. Wall Street Zen raised shares of Silicom to a “hold” rating in a research note on Friday, October 3rd. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

View Our Latest Research Report on Silicom

Silicom Company Profile

(Get Free Report)

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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