Insider Selling: Silvaco Group (NASDAQ:SVCO) CFO Sells $279,617.10 in Stock

Silvaco Group, Inc. (NASDAQ:SVCO) CFO Christopher Zegarelli sold 39,662 shares of the firm’s stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $7.05, for a total transaction of $279,617.10. Following the transaction, the chief financial officer owned 500,662 shares of the company’s stock, valued at approximately $3,529,667.10. This represents a 7.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Christopher John Zegarelli also recently made the following trade(s):

• On Wednesday, August 12th, Christopher Zegarelli sold 2,257 shares of Silvaco Group stock. The shares were sold at an average price of $7.55, for a total value of $17,040.35.

Silvaco Group Trading Down 2.7%

Shares of SVCO stock opened at $7.45 on Friday. Silvaco Group, Inc. has a 12-month low of $3.07 and a 12-month high of $14.39. The company has a market capitalization of $254.79 million, a P/E ratio of -10.96 and a beta of 0.64. The firm has a 50-day moving average price of $7.18 and a 200 day moving average price of $7.76. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.12.

Silvaco Group (NASDAQ:SVCO) last announced its earnings results on Wednesday, November 4th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.05). Silvaco Group had a negative return on equity of 13.28% and a negative net margin of 30.45%. The business had revenue of $16.29 million during the quarter, compared to analyst estimates of $17.08 million. Research analysts forecast that Silvaco Group, Inc. will post -0.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Silvaco Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Aberdeen Group plc bought a new position in shares of Silvaco Group during the 3rd quarter worth approximately $1,174,000. Russell Investments Group Ltd. raised its stake in Silvaco Group by 555.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 245,712 shares of the company’s stock valued at $2,152,000 after acquiring an additional 208,227 shares during the period. Penn Capital Management Company LLC bought a new stake in Silvaco Group in the 3rd quarter valued at $594,000. CenterBook Partners LP bought a new stake in Silvaco Group in the 3rd quarter valued at $376,000. Finally, State of Wyoming acquired a new stake in Silvaco Group during the 3rd quarter valued at $57,000.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SVCO. B. Riley Financial restated a “buy” rating and issued a $11.00 price objective (down from $16.00) on shares of Silvaco Group in a report on Monday, November 2nd. TD Cowen cut their price objective on Silvaco Group from $15.00 to $12.00 and set a “buy” rating on the stock in a report on Thursday, November 5th. Rosenblatt Securities restated a “buy” rating and set a $14.00 price objective on shares of Silvaco Group in a report on Wednesday, September 23rd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Silvaco Group in a research report on Tuesday, October 6th. Four analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $13.75.

About Silvaco Group

Silvaco Group develops software and intellectual property used in the design and development of semiconductor devices and integrated circuits. Its products serve semiconductor companies and other organizations involved in electronics design and manufacturing. The company’s offerings include technology computer-aided design (TCAD) tools, which simulate semiconductor processes and device behavior, and electronic design automation (EDA) software for designing and verifying integrated circuits. Silvaco also provides semiconductor IP, including memory and interface solutions, and offers cloud-based access to some of its tools.