Christopher John Zegarelli Sells 2,257 Shares of Silvaco Group (NASDAQ:SVCO) Stock

Silvaco Group, Inc. (NASDAQ:SVCO) CFO Christopher John Zegarelli sold 2,257 shares of the company’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $7.55, for a total transaction of $17,040.35. Following the completion of the transaction, the chief financial officer directly owned 540,324 shares in the company, valued at $4,079,446.20. This trade represents a 0.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Silvaco Group Price Performance

SVCO traded down $0.02 during trading on Thursday, reaching $7.38. 392,633 shares of the stock traded hands, compared to its average volume of 466,639. The stock’s 50-day simple moving average is $10.26 and its two-hundred day simple moving average is $8.07. Silvaco Group, Inc. has a fifty-two week low of $3.07 and a fifty-two week high of $14.39. The stock has a market cap of $250.11 million, a price-to-earnings ratio of -10.25 and a beta of 0.63.

Silvaco Group (NASDAQ:SVCO) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.01. The company had revenue of $17.81 million during the quarter, compared to the consensus estimate of $17.90 million. Silvaco Group had a negative return on equity of 15.63% and a negative net margin of 30.43%. Research analysts anticipate that Silvaco Group, Inc. will post -0.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on SVCO shares. Needham & Company LLC upped their price target on shares of Silvaco Group from $10.00 to $18.00 and gave the company a “buy” rating in a report on Monday, May 11th. Rosenblatt Securities reissued a “buy” rating and issued a $14.00 price target on shares of Silvaco Group in a report on Friday, August 7th. Finally, Weiss Ratings upgraded Silvaco Group from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $12.67.

Hedge Funds Weigh In On Silvaco Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Quantbot Technologies LP acquired a new position in shares of Silvaco Group in the second quarter valued at approximately $28,000. BlackRock Inc. acquired a new stake in shares of Silvaco Group in the second quarter valued at about $11,080,000. Deutsche Bank AG bought a new stake in Silvaco Group during the second quarter worth about $167,000. Global Retirement Partners LLC acquired a new position in Silvaco Group during the second quarter valued at approximately $27,000. Finally, Bank of New York Mellon Corp acquired a new position in Silvaco Group during the second quarter valued at approximately $437,000.

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.