Silvaco Group (NASDAQ:SVCO) Insider Sells $22,000.00 in Stock

Silvaco Group, Inc. (NASDAQ:SVCO) insider Candace Jackson sold 2,000 shares of Silvaco Group stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $11.00, for a total value of $22,000.00. Following the completion of the sale, the insider directly owned 51,349 shares of the company’s stock, valued at $564,839. This trade represents a 3.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Wednesday, April 1st, Candace Jackson sold 1,817 shares of Silvaco Group stock. The stock was sold at an average price of $7.12, for a total value of $12,937.04.
• On Tuesday, March 17th, Candace Jackson sold 1,500 shares of Silvaco Group stock. The stock was sold at an average price of $5.00, for a total value of $7,500.00.

Silvaco Group Stock Down 5.4%

Shares of Silvaco Group stock opened at $10.09 on Friday. Silvaco Group, Inc. has a 12 month low of $3.07 and a 12 month high of $12.81. The business has a fifty day simple moving average of $7.78 and a 200 day simple moving average of $5.55. The stock has a market cap of $329.74 million, a PE ratio of -10.85 and a beta of 0.88.

Silvaco Group (NASDAQ:SVCO) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.03. The business had revenue of $17.76 million during the quarter, compared to analysts’ expectations of $17.04 million. Silvaco Group had a negative return on equity of 21.93% and a negative net margin of 41.65%. Analysts expect that Silvaco Group, Inc. will post -0.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on SVCO shares. Rosenblatt Securities lifted their target price on Silvaco Group from $9.00 to $14.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Needham & Company LLC boosted 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. Weiss Ratings upgraded Silvaco Group from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, April 24th. Wall Street Zen upgraded Silvaco Group from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. Finally, TD Cowen cut their price target on Silvaco Group from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Friday, March 13th. One equities research 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 data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $12.67.

Hedge Funds Weigh In On Silvaco Group

A number of institutional investors have recently bought and sold shares of SVCO. Jacobs Levy Equity Management Inc. acquired a new position in Silvaco Group during the first quarter worth approximately $357,000. Goldman Sachs Group Inc. increased its position in Silvaco Group by 249.1% during the first quarter. Goldman Sachs Group Inc. now owns 106,051 shares of the company’s stock worth $484,000 after buying an additional 75,675 shares during the last quarter. Strs Ohio acquired a new position in Silvaco Group during the first quarter worth approximately $50,000. Geode Capital Management LLC increased its position in Silvaco Group by 10.3% during the second quarter. Geode Capital Management LLC now owns 192,211 shares of the company’s stock worth $907,000 after buying an additional 18,022 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in Silvaco Group by 27.3% during the second quarter. JPMorgan Chase & Co. now owns 13,483 shares of the company’s stock worth $64,000 after buying an additional 2,895 shares during the last quarter.

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.