Candace Jackson Sells 3,500 Shares of Silvaco Group (NASDAQ:SVCO) Stock

Silvaco Group, Inc. (NASDAQ:SVCO) insider Candace Jackson sold 3,500 shares of the stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $7.00, for a total transaction of $24,500.00. Following the transaction, the insider directly owned 46,279 shares in the company, valued at $323,953. The trade was a 7.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Wednesday, August 12th, Candace Jackson sold 1,570 shares of Silvaco Group stock. The stock was sold at an average price of $7.55, for a total value of $11,853.50.

Silvaco Group Stock Up 7.6%

Shares of Silvaco Group stock opened at $7.24 on Friday. The firm has a market cap of $245.36 million, a P/E ratio of -10.06 and a beta of 0.63. Silvaco Group, Inc. has a fifty-two week low of $3.07 and a fifty-two week high of $14.39. The business has a 50-day moving average price of $9.14 and a 200 day moving average price of $8.27.

Silvaco Group (NASDAQ:SVCO) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. The firm had revenue of $17.81 million for the quarter, compared to analysts’ expectations of $17.90 million. Silvaco Group had a negative return on equity of 15.29% and a negative net margin of 30.43%. As a group, equities research analysts anticipate that Silvaco Group, Inc. will post -0.23 earnings per share for the current year.

Hedge Funds Weigh In On Silvaco Group

Several institutional investors have recently made changes to their positions in the stock. Walleye Capital LLC lifted its holdings 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 worth $1,863,000 after purchasing an additional 251,905 shares during the last quarter. Lepercq De Neuflize Asset Management LLC acquired a new position in Silvaco Group during the 4th quarter valued at approximately $357,000. Nano Cap New Millennium Growth Fund L P bought a new position in Silvaco Group during the 4th quarter worth $1,012,000. Algert Global LLC acquired a new stake in Silvaco Group in the second quarter worth $4,962,000. Finally, Panoramic Capital LLC acquired a new stake in Silvaco Group in the second quarter worth $1,034,000.

Analyst Ratings Changes

SVCO has been the topic of several research analyst reports. Rosenblatt Securities restated a “buy” rating and set a $14.00 price objective on shares of Silvaco Group in a research note on Friday, August 7th. Weiss Ratings upgraded shares of Silvaco Group from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, July 10th. Finally, Needham & Company LLC increased their target price on shares of Silvaco Group from $10.00 to $18.00 and gave the stock a “buy” rating in a report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.