Silicom Ltd (SILC)

Silicom Ltd Stock (SILC) dropped by 30.23% from $22.20 to $15.49 in the trading on Thursday October 26, 2023. The reason why SILC stock down today is due to the weak sales forecast for Q4. Silicom projects that Q4 revenues will range between $20 and $21 million, and that 2024 as a whole will be challenging. It is due to customers' continued draw-down of the high component inventories they built during Covid and persistent macro-economic headwinds