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 company’s stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $7.05, for a total transaction of $279,617.10. Following the transaction, the chief financial officer directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 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 stock was sold at an average price of $7.55, for a total transaction of $17,040.35.

Silvaco Group Stock Up 2.8%

Shares of SVCO stock traded up $0.20 during trading hours on Tuesday, hitting $7.45. 345,625 shares of the company were exchanged, compared to its average volume of 431,723. The firm has a fifty day moving average of $7.13 and a 200 day moving average of $7.72. Silvaco Group, Inc. has a 1 year low of $3.07 and a 1 year high of $14.39. The firm has a market cap of $252.48 million, a PE ratio of -10.96 and a beta of 0.64.

Silvaco Group (NASDAQ:SVCO) last released its earnings results 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). Silvaco Group had a negative net margin of 30.45% and a negative return on equity of 13.43%. The company had revenue of $16.29 million during the quarter, compared to analysts’ expectations of $17.08 million. Analysts expect that Silvaco Group, Inc. will post -0.23 earnings per share for the current year.

Hedge Funds Weigh In On Silvaco Group

Several hedge funds and other institutional investors have recently modified their holdings of SVCO. Bank of America Corp DE purchased a new position in Silvaco Group in the second quarter valued at approximately $2,270,000. Walleye Capital LLC lifted its position in Silvaco Group by 2,239.8% during the first quarter. Walleye Capital LLC now owns 263,152 shares of the company’s stock valued at $1,863,000 after buying an additional 251,905 shares in the last quarter. BlackRock Inc. purchased a new stake in Silvaco Group during the second quarter worth approximately $11,080,000. Algert Global LLC purchased a new stake in Silvaco Group during the second quarter worth approximately $4,962,000. Finally, Panoramic Capital LLC purchased a new stake in Silvaco Group during the second quarter worth approximately $1,034,000.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SVCO. Weiss Ratings reiterated a “sell (d-)” rating on shares of Silvaco Group in a report on Tuesday, October 6th. B. Riley Financial reissued a “buy” rating and set a $11.00 price objective (down from $16.00) on shares of Silvaco Group in a research note on Monday, November 2nd. TD Cowen dropped their price objective on Silvaco Group from $15.00 to $12.00 and set a “buy” rating for the company in a report on Thursday, November 5th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $14.00 target price on shares of Silvaco Group in a research report on Wednesday, September 23rd. Four analysts have rated the stock with 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 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.