Insider Selling: Silvaco Group (NASDAQ:SVCO) Insider Sells 2,000 Shares of Stock

Silvaco Group, Inc. (NASDAQ:SVCO) insider Candace Jackson sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $11.00, for a total value of $22,000.00. Following the sale, the insider directly owned 51,349 shares in the company, valued at $564,839. The trade was a 3.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Candace Jackson also recently made the following trade(s):

• On Wednesday, April 1st, Candace Jackson sold 1,817 shares of Silvaco Group stock. The shares were sold at an average price of $7.12, for a total value of $12,937.04.
• On Tuesday, March 17th, Candace Jackson sold 1,500 shares of Silvaco Group stock. The shares were sold at an average price of $5.00, for a total value of $7,500.00.

Silvaco Group Price Performance

NASDAQ:SVCO remained flat at $10.67 during midday trading on Thursday. The company had a trading volume of 574,347 shares, compared to its average volume of 384,883. The stock has a market cap of $348.70 million, a price-to-earnings ratio of -11.47 and a beta of 0.88. The firm has a 50-day moving average price of $7.65 and a two-hundred day moving average price of $5.52. Silvaco Group, Inc. has a one year low of $3.07 and a one year high of $12.81.

Silvaco Group (NASDAQ:SVCO) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.03. Silvaco Group had a negative net margin of 41.65% and a negative return on equity of 21.93%. The company had revenue of $17.76 million during the quarter, compared to analyst estimates of $17.04 million. On average, analysts anticipate that Silvaco Group, Inc. will post -0.36 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Wall Street Zen raised shares of Silvaco Group from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. TD Cowen lowered their target price on Silvaco Group from $8.00 to $6.00 and set a “buy” rating for the company in a report on Friday, March 13th. Needham & Company LLC increased their target price on Silvaco Group from $10.00 to $18.00 and gave the company a “buy” rating in a research report on Monday. Rosenblatt Securities lifted their price target on Silvaco Group from $9.00 to $14.00 and gave the company a “buy” rating in a report on Friday, May 8th. Finally, Weiss Ratings upgraded Silvaco Group from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Silvaco Group presently has an average rating of “Moderate Buy” and an average target price of $12.67.

Institutional Investors Weigh In On Silvaco Group

Several institutional investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN increased its holdings in shares of Silvaco Group by 51.2% during the fourth quarter. Wells Fargo & Company MN now owns 9,093 shares of the company’s stock valued at $37,000 after acquiring an additional 3,079 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Silvaco Group in the 2nd quarter worth approximately $38,000. HighTower Advisors LLC acquired a new stake in Silvaco Group in the 4th quarter worth approximately $41,000. Strs Ohio purchased a new stake in Silvaco Group during the 1st quarter worth approximately $50,000. Finally, Squarepoint Ops LLC acquired a new position in Silvaco Group during the 4th quarter valued at approximately $57,000.

About Silvaco Group

Silvaco Group, Inc is a provider of electronic design automation (EDA) software and semiconductor intellectual property (IP) solutions. Founded in 1984 and headquartered in Santa Clara, California, the company offers a suite of tools for process and device simulation, circuit design, verification, and physical implementation. Silvaco’s core product lines include technology computer-aided design (TCAD) for process modeling, SPICE circuit simulators for analog and digital analysis, and layout and parasitic extraction tools for physical verification.

In addition to its EDA software, Silvaco delivers semiconductor IP in areas such as memory compilers, interface IP (including USB, PCI Express and DDR), and embedded analog/mixed-signal cores.