Silvaco Group (NASDAQ:SVCO) Stock: Insider Candace Jackson Sells 3,000 Shares

Silvaco Group, Inc. (NASDAQ:SVCO) insider Candace Jackson sold 3,000 shares of Silvaco Group stock in a transaction dated Thursday, November 12th. The shares were sold at an average price of $7.45, for a total value of $22,350.00. Following the transaction, the insider owned 41,722 shares in the company, valued at $310,828.90. This trade represents a 6.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, November 9th, Candace Jackson sold 1,557 shares of Silvaco Group stock. The stock was sold at an average price of $7.05, for a total value of $10,976.85.
• On Tuesday, August 25th, Candace Jackson sold 3,500 shares of Silvaco Group stock. The stock was sold at an average price of $7.00, for a total value of $24,500.00.

Silvaco Group Stock Down 4.3%

SVCO stock traded down $0.32 during mid-day trading on Friday, hitting $7.13. 179,361 shares of the company were exchanged, compared to its average volume of 290,758. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.09 and a current ratio of 2.09. The firm has a market cap of $243.85 million, a P/E ratio of -10.49 and a beta of 0.64. The firm’s 50 day simple moving average is $7.20 and its 200 day simple moving average is $7.78. Silvaco Group, Inc. has a 1-year low of $3.07 and a 1-year high of $14.39.

Silvaco Group (NASDAQ:SVCO) last announced its quarterly earnings results on Wednesday, November 4th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.05). The company 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 13.28%. On average, sell-side analysts predict that Silvaco Group, Inc. will post -0.23 EPS for the current fiscal year.

Institutional Trading of Silvaco Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. State of Alaska Department of Revenue acquired a new position in Silvaco Group during the third quarter worth $25,000. Global Retirement Partners LLC bought a new position in Silvaco Group in the second quarter valued at $27,000. Quantbot Technologies LP acquired a new stake in Silvaco Group in the 2nd quarter valued at $28,000. State of Wyoming acquired a new stake in Silvaco Group in the 3rd quarter valued at $57,000. Finally, Bank of New York Mellon Corp lifted its position in Silvaco Group by 20.2% during the 1st quarter. Bank of New York Mellon Corp now owns 23,012 shares of the company’s stock worth $163,000 after buying an additional 3,871 shares in the last quarter.

Analyst Ratings Changes

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