First Wilshire Cuts Silicom Stake to 7.8% as of Dec 31, 2023
Ticker: SILC · Form: SC 13G/A · Filed: Feb 12, 2024 · CIK: 916793
| Field | Detail |
|---|---|
| Company | Silicom Ltd. (SILC) |
| Form Type | SC 13G/A |
| Filed Date | Feb 12, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, stake-change, amendment, portfolio-rebalancing
TL;DR
**First Wilshire trimmed its stake in Silicom to 7.8%.**
AI Summary
First Wilshire Securities Management, Inc. filed an amended SC 13G/A on February 12, 2024, disclosing its beneficial ownership in Silicom Ltd. (NASDAQ: SILC) as of December 31, 2023. The filing indicates First Wilshire now holds sole voting power over 489,414 shares, representing 7.8% of Silicom's common stock. This is a decrease from their previous reported ownership of 528,914 shares (8.4%), signaling a slight reduction in their stake.
Why It Matters
This filing shows a notable institutional investor, First Wilshire Securities Management, Inc., has slightly reduced its position in Silicom Ltd., which could be interpreted by the market as a minor loss of confidence or a portfolio rebalancing.
Risk Assessment
Risk Level: low — The change in ownership is a minor reduction by an institutional investor and does not indicate a significant shift in company fundamentals or major risk.
Analyst Insight
A smart investor would note this minor reduction in institutional ownership but would primarily focus on Silicom Ltd.'s underlying financial performance and future outlook rather than reacting solely to this filing. It might warrant a deeper look into why First Wilshire slightly reduced its stake.
Key Numbers
- 489,414 — Shares Beneficially Owned (This is the number of shares First Wilshire Securities Management, Inc. holds with sole voting power in Silicom Ltd. as of December 31, 2023.)
- 7.8% — Percentage of Class (This represents the percentage of Silicom Ltd.'s common stock owned by First Wilshire Securities Management, Inc., indicating their significant, though slightly reduced, stake.)
- 0 — Shared Voting Power (First Wilshire Securities Management, Inc. holds no shares with shared voting power, meaning they have full control over their reported shares.)
- 528,914 — Previous Shares Owned (This was the number of shares reported in a prior filing, indicating a reduction of 39,500 shares.)
- 8.4% — Previous Percentage of Class (This was the percentage reported in a prior filing, showing a 0.6% decrease in ownership.)
Key Players & Entities
- First Wilshire Securities Management, Inc. (company) — the reporting person who filed the SC 13G/A
- Silicom Ltd. (company) — the subject company whose shares are being reported
- 489,414 (dollar_amount) — number of shares beneficially owned with sole voting power by First Wilshire Securities Management, Inc. as of December 31, 2023
- 7.8% (dollar_amount) — percentage of Silicom Ltd. common stock beneficially owned by First Wilshire Securities Management, Inc. as of December 31, 2023
- December 31, 2023 (date) — the date of the event which required the filing of this statement
Forward-Looking Statements
- Silicom Ltd. stock price may experience minor downward pressure or increased volatility due to the institutional stake reduction. (Silicom Ltd.) — low confidence, target: Within 1 week
- First Wilshire Securities Management, Inc. will continue to monitor and potentially adjust its position in Silicom Ltd. based on market conditions and company performance. (First Wilshire Securities Management, Inc.) — medium confidence, target: Next 6 months
FAQ
What is the primary purpose of this SC 13G/A filing?
The primary purpose of this SC 13G/A filing is for First Wilshire Securities Management, Inc. to amend its previous Schedule 13G filing, disclosing its updated beneficial ownership of Silicom Ltd. common stock as of December 31, 2023, under Rule 13d-1(b).
How many shares of Silicom Ltd. common stock does First Wilshire Securities Management, Inc. beneficially own with sole voting power as of December 31, 2023?
As of December 31, 2023, First Wilshire Securities Management, Inc. beneficially owns 489,414 shares of Silicom Ltd. common stock with sole voting power, as stated in Item 5 of the filing.
What percentage of Silicom Ltd.'s common stock does First Wilshire Securities Management, Inc. now own?
First Wilshire Securities Management, Inc. now beneficially owns 7.8% of Silicom Ltd.'s common stock, as indicated in Item 9 of the filing.
What was the previous percentage of ownership reported by First Wilshire Securities Management, Inc. in Silicom Ltd.?
The previous percentage of ownership reported by First Wilshire Securities Management, Inc. was 8.4%, as indicated by the change from the prior filing to the current 7.8%.
What is the CUSIP number for Silicom Ltd. common stock mentioned in the filing?
The CUSIP number for Silicom Ltd. common stock is M84116108, as stated on the cover page and in the body of the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 12, 2024 regarding SILICOM LTD. (SILC).