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

Silvaco Group, Inc. (NASDAQ:SVCO) insider Candace Jackson sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $7.00, for a total transaction of $24,500.00. Following the transaction, the insider owned 46,279 shares of the company’s stock, valued at approximately $323,953. This trade represents a 7.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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 transaction of $11,853.50.

Silvaco Group Stock Performance

Shares of NASDAQ:SVCO opened at $6.73 on Thursday. Silvaco Group, Inc. has a one year low of $3.07 and a one year high of $14.39. The stock has a fifty day moving average of $9.26 and a 200-day moving average of $8.24. The company has a market capitalization of $228.05 million, a PE ratio of -9.35 and a beta of 0.63.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Rosenblatt Securities restated a “buy” rating and issued a $14.00 price target on shares of Silvaco Group in a research report on Friday, August 7th. Weiss Ratings raised 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 raised their target price on Silvaco Group from $10.00 to $18.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, Silvaco Group currently has a consensus rating of “Moderate Buy” and an average target price of $12.67.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SVCO. Global Retirement Partners LLC purchased a new stake in shares of Silvaco Group during the 2nd quarter worth about $27,000. Quantbot Technologies LP acquired a new position in Silvaco Group in the second quarter worth approximately $28,000. Wells Fargo & Company MN increased its holdings in Silvaco Group by 51.2% in the fourth quarter. Wells Fargo & Company MN now owns 9,093 shares of the company’s stock worth $37,000 after buying an additional 3,079 shares during the last quarter. Raymond James Financial Inc. bought a new position in Silvaco Group during the second quarter valued at approximately $38,000. Finally, HighTower Advisors LLC acquired a new stake in Silvaco Group in the fourth quarter valued at approximately $41,000.

About Silvaco Group

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.