Silvaco Group (NASDAQ:SVCO) Insider Sells 1,570 Shares

Silvaco Group, Inc. (NASDAQ:SVCO) insider Candace Jackson sold 1,570 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $7.55, for a total value of $11,853.50. Following the sale, the insider owned 49,779 shares of the company’s stock, valued at $375,831.45. This represents a 3.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Silvaco Group Stock Performance

Shares of NASDAQ SVCO traded down $0.02 during midday trading on Thursday, reaching $7.38. 392,633 shares of the company’s stock were exchanged, compared to its average volume of 466,639. Silvaco Group, Inc. has a 52-week low of $3.07 and a 52-week high of $14.39. The business’s fifty day moving average price is $10.26 and its two-hundred day moving average price is $8.07. The stock has a market capitalization of $250.11 million, a PE ratio of -10.25 and a beta of 0.63.

Silvaco Group (NASDAQ:SVCO) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.01 EPS for the quarter, meeting analysts’ consensus estimates of $0.01. Silvaco Group had a negative return on equity of 15.63% and a negative net margin of 30.43%.The firm had revenue of $17.81 million during the quarter, compared to the consensus estimate of $17.90 million. Analysts predict that Silvaco Group, Inc. will post -0.23 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Silvaco Group

Hedge funds have recently bought and sold shares of the company. Jacobs Levy Equity Management Inc. bought a new stake in Silvaco Group in the first quarter valued at about $357,000. Goldman Sachs Group Inc. grew its position in shares of Silvaco Group by 249.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 106,051 shares of the company’s stock worth $484,000 after acquiring an additional 75,675 shares in the last quarter. Strs Ohio acquired a new position in shares of Silvaco Group in the 1st quarter worth approximately $50,000. Geode Capital Management LLC increased its holdings in shares of Silvaco Group by 10.3% in the 2nd quarter. Geode Capital Management LLC now owns 192,211 shares of the company’s stock valued at $907,000 after acquiring an additional 18,022 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Silvaco Group by 27.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 13,483 shares of the company’s stock valued at $64,000 after acquiring an additional 2,895 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on SVCO shares. Needham & Company LLC increased their target price on Silvaco Group from $10.00 to $18.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Rosenblatt Securities restated a “buy” rating and issued a $14.00 price target on shares of Silvaco Group in a research note on Friday, August 7th. Finally, Weiss Ratings raised shares of Silvaco Group from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $12.67.

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.