Candace Jackson Sells 1,570 Shares of Silvaco Group (NASDAQ:SVCO) Stock

Silvaco Group, Inc. (NASDAQ:SVCO) insider Candace Jackson sold 1,570 shares of the stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $7.55, for a total transaction of $11,853.50. Following the completion of the sale, the insider owned 49,779 shares in the company, valued at $375,831.45. This represents a 3.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Silvaco Group Price Performance

Shares of NASDAQ:SVCO opened at $7.26 on Friday. The firm has a fifty day moving average price of $10.07 and a two-hundred day moving average price of $8.08. Silvaco Group, Inc. has a one year low of $3.07 and a one year high of $14.39. The company has a market cap of $246.01 million, a price-to-earnings ratio of -10.08 and a beta of 0.63.

Silvaco Group (NASDAQ:SVCO) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.01 EPS for the quarter, meeting analysts’ consensus estimates of $0.01. The firm had revenue of $17.81 million during the quarter, compared to analyst estimates of $17.90 million. Silvaco Group had a negative net margin of 30.43% and a negative return on equity of 15.29%. Equities research analysts expect that Silvaco Group, Inc. will post -0.23 EPS for the current fiscal year.

Institutional Trading of Silvaco Group

A number of hedge funds have recently made changes to their positions in the stock. Algert Global LLC purchased a new position in Silvaco Group in the second quarter worth $4,962,000. Quantbot Technologies LP purchased a new stake in Silvaco Group during the second quarter valued at about $28,000. BlackRock Inc. purchased a new stake in Silvaco Group during 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. Finally, Global Retirement Partners LLC bought a new stake in Silvaco Group during the second quarter worth about $27,000.

Analyst Ratings Changes

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