Silvaco Group (NASDAQ:SVCO) Director Katherine Ngai-Pesic Sells 200,000 Shares

Silvaco Group, Inc. (NASDAQ:SVCO) Director Katherine Ngai-Pesic sold 200,000 shares of the stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $11.27, for a total transaction of $2,254,000.00. Following the completion of the sale, the director owned 9,176,403 shares in the company, valued at $103,418,061.81. The trade was a 2.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Silvaco Group Trading Down 0.1%

Shares of NASDAQ:SVCO opened at $11.47 on Friday. Silvaco Group, Inc. has a 12-month low of $3.07 and a 12-month high of $14.14. The company has a market capitalization of $374.84 million, a PE ratio of -12.33 and a beta of 0.75. The business has a 50 day moving average of $9.75 and a two-hundred day moving average of $6.30.

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

Analyst Ratings Changes

A number of research firms have weighed in on SVCO. Needham & Company LLC upped 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. TD Cowen lowered their price target on Silvaco Group from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Friday, March 13th. Weiss Ratings raised Silvaco Group from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, April 24th. Wall Street Zen raised Silvaco Group from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Finally, Rosenblatt Securities lifted their price target on Silvaco Group from $9.00 to $14.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. One equities research 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 MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $12.67.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of SVCO. Wells Fargo & Company MN boosted its position in shares of Silvaco Group by 51.2% during the 4th 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 during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Silvaco Group during the 2nd quarter valued at about $38,000. HighTower Advisors LLC acquired a new position in shares of Silvaco Group during the 4th quarter valued at about $41,000. Strs Ohio acquired a new position in shares of Silvaco Group during the 1st quarter valued at about $50,000. Finally, Squarepoint Ops LLC acquired a new position in shares of Silvaco Group during the 4th quarter valued at about $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.