Insider Selling: Silvaco Group (NASDAQ:SVCO) Director Sells 200,000 Shares of Stock

Silvaco Group, Inc. (NASDAQ:SVCO) Director Katherine Ngai-Pesic sold 200,000 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $11.27, for a total transaction of $2,254,000.00. Following the completion of the transaction, the director owned 9,176,403 shares in the company, valued at $103,418,061.81. This represents a 2.13% 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 this hyperlink.

Silvaco Group Stock Performance

Shares of SVCO stock traded down $0.01 during mid-day trading on Thursday, hitting $11.47. 570,511 shares of the stock were exchanged, compared to its average volume of 631,241. The stock’s fifty day simple moving average is $9.75 and its two-hundred day simple moving average is $6.30. The stock has a market capitalization of $374.84 million, a price-to-earnings ratio of -12.33 and a beta of 0.75. Silvaco Group, Inc. has a 12-month low of $3.07 and a 12-month high of $14.14.

Silvaco Group (NASDAQ:SVCO) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.03. The company had revenue of $17.76 million for the quarter, compared to analyst estimates of $17.04 million. Silvaco Group had a negative return on equity of 21.93% and a negative net margin of 41.65%. On average, research analysts expect that Silvaco Group, Inc. will post -0.23 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Silvaco Group

Several large investors have recently added to or reduced their stakes in the business. Alyeska Investment Group L.P. lifted its position in Silvaco Group by 267.9% during the fourth quarter. Alyeska Investment Group L.P. now owns 732,824 shares of the company’s stock worth $2,968,000 after buying an additional 533,630 shares during the period. Lynrock Lake LP raised its stake in Silvaco Group by 132.3% during the fourth quarter. Lynrock Lake LP now owns 472,764 shares of the company’s stock worth $1,915,000 after purchasing an additional 269,283 shares during the period. Vanguard Group Inc. raised its position in shares of Silvaco Group by 6.0% in the 3rd quarter. Vanguard Group Inc. now owns 401,649 shares of the company’s stock worth $2,173,000 after buying an additional 22,682 shares during the period. Walleye Capital LLC raised its stake in shares of Silvaco Group by 2,239.8% in the 1st quarter. Walleye Capital LLC now owns 263,152 shares of the company’s stock valued at $1,863,000 after acquiring an additional 251,905 shares during the period. Finally, Nano Cap New Millennium Growth Fund L P purchased a new stake in shares of Silvaco Group during the fourth quarter valued at approximately $1,012,000.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Weiss Ratings raised Silvaco Group from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, April 24th. TD Cowen lowered their price objective on shares of Silvaco Group from $8.00 to $6.00 and set a “buy” rating on the stock in a research report on Friday, March 13th. Rosenblatt Securities raised their price objective on shares of Silvaco Group from $9.00 to $14.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Needham & Company LLC raised their price objective on shares of Silvaco Group from $10.00 to $18.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Finally, Wall Street Zen raised shares of Silvaco Group from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $12.67.

Silvaco Group Company Profile

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.