Silvaco Group (NASDAQ:SVCO) Insider Sells 1,557 Shares of Company Stock

Silvaco Group, Inc. (NASDAQ:SVCO) insider Candace Jackson sold 1,557 shares of the business’s stock in a transaction on Monday, November 9th. The shares were sold at an average price of $7.05, for a total value of $10,976.85. Following the completion of the sale, the insider owned 44,722 shares of the company’s stock, valued at $315,290.10. This trade represents a 3.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Tuesday, August 25th, Candace Jackson sold 3,500 shares of Silvaco Group stock. The shares were sold at an average price of $7.00, for a total transaction of $24,500.00.
• 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 transaction of $11,853.50.

Silvaco Group Stock Performance

NASDAQ:SVCO traded up $0.20 during mid-day trading on Tuesday, reaching $7.45. 345,625 shares of the company’s stock were exchanged, compared to its average volume of 431,723. Silvaco Group, Inc. has a one year low of $3.07 and a one year high of $14.39. The business’s fifty day simple moving average is $7.13 and its two-hundred day simple moving average is $7.72. The firm has a market capitalization of $252.48 million, a PE ratio of -10.96 and a beta of 0.64.

Silvaco Group (NASDAQ:SVCO) last posted its quarterly earnings data on Wednesday, November 4th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.05). The business had revenue of $16.29 million during the quarter, compared to the consensus estimate of $17.08 million. Silvaco Group had a negative net margin of 30.45% and a negative return on equity of 13.43%. As a group, equities research analysts forecast that Silvaco Group, Inc. will post -0.23 EPS for the current year.

Institutional Investors Weigh In On Silvaco Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Global Retirement Partners LLC acquired a new stake in Silvaco Group during the second quarter worth about $27,000. Quantbot Technologies LP acquired a new position in shares of Silvaco Group in the 2nd quarter valued at approximately $28,000. State of Alaska Department of Revenue acquired a new position in shares of Silvaco Group in the 3rd quarter valued at approximately $25,000. State of Wyoming bought a new stake in shares of Silvaco Group during the 3rd quarter worth approximately $57,000. Finally, Deutsche Bank AG bought a new stake in shares of Silvaco Group during the 2nd quarter worth approximately $167,000.

Analyst Upgrades and Downgrades

SVCO has been the subject of a number of analyst reports. Rosenblatt Securities reiterated a “buy” rating and issued a $14.00 price target on shares of Silvaco Group in a research report on Wednesday, September 23rd. B. Riley Financial reissued a “buy” rating and set a $11.00 price target (down from $16.00) on shares of Silvaco Group in a research report on Monday, November 2nd. Weiss Ratings restated a “sell (d-)” rating on shares of Silvaco Group in a research note on Tuesday, October 6th. Finally, TD Cowen lowered their price objective on Silvaco Group from $15.00 to $12.00 and set a “buy” rating on the stock in a research note on Thursday, November 5th. Four investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, Silvaco Group has an average rating of “Moderate Buy” and an average target price of $13.75.

About Silvaco Group

Silvaco Group, Inc. is a semiconductor design software and intellectual property company that provides electronic design automation (EDA) and technology computer-aided design (TCAD) solutions. Its products help semiconductor manufacturers and electronics companies develop, simulate, verify and optimize integrated circuits, semiconductor devices and related technologies. The company’s offerings support multiple stages of the chip-development process, including process and device modeling, circuit simulation, physical design, layout automation and design-rule verification.