Insider Buying: Silvaco Group (NASDAQ:SVCO) CEO Buys $52,531.00 in Stock

Silvaco Group, Inc. (NASDAQ:SVCO) CEO Walden Rhines purchased 13,100 shares of the business’s stock in a transaction that occurred on Tuesday, December 9th. The stock was bought at an average cost of $4.01 per share, for a total transaction of $52,531.00. Following the completion of the acquisition, the chief executive officer directly owned 105,918 shares in the company, valued at $424,731.18. The trade was a 14.11% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Silvaco Group Stock Performance

NASDAQ SVCO opened at $4.40 on Friday. The company has a market capitalization of $134.82 million, a PE ratio of -4.27 and a beta of 3.30. Silvaco Group, Inc. has a 52-week low of $3.45 and a 52-week high of $9.93. The company has a 50-day simple moving average of $5.11 and a 200 day simple moving average of $4.95.

Silvaco Group (NASDAQ:SVCO) last released its earnings results on Wednesday, November 12th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). The company had revenue of $18.67 million for the quarter, compared to the consensus estimate of $15.95 million. Silvaco Group had a negative net margin of 47.59% and a negative return on equity of 15.53%. As a group, analysts forecast that Silvaco Group, Inc. will post -0.76 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on SVCO shares. Jefferies Financial Group raised Silvaco Group to a “strong-buy” rating in a research report on Tuesday, October 28th. Rosenblatt Securities reiterated a “buy” rating and set a $12.00 price target on shares of Silvaco Group in a research note on Tuesday, November 4th. Weiss Ratings reissued a “sell (e+)” rating on shares of Silvaco Group in a report on Wednesday, October 8th. Finally, Wall Street Zen cut Silvaco Group from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $11.25.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Cinctive Capital Management LP purchased a new position in Silvaco Group during the 3rd quarter valued at about $487,000. Bank of America Corp DE lifted its holdings in shares of Silvaco Group by 140.2% in the third quarter. Bank of America Corp DE now owns 64,820 shares of the company’s stock worth $351,000 after buying an additional 37,832 shares in the last quarter. Bridgeway Capital Management LLC boosted its position in shares of Silvaco Group by 59.2% in the third quarter. Bridgeway Capital Management LLC now owns 39,800 shares of the company’s stock valued at $215,000 after acquiring an additional 14,800 shares during the period. Blair William & Co. IL grew its stake in Silvaco Group by 41.2% during the third quarter. Blair William & Co. IL now owns 24,000 shares of the company’s stock valued at $130,000 after acquiring an additional 7,000 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in Silvaco Group by 6.0% during the third quarter. Vanguard Group Inc. now owns 401,649 shares of the company’s stock valued at $2,173,000 after acquiring an additional 22,682 shares in the last quarter.

Silvaco Group Company Profile

Silvaco Group Inc is a provider of TCAD, EDA software and SIP solutions which enable semiconductor design and AI through software and innovation. The company’s solutions are used for process and device development across display, power devices, automotive, memory, high performance compute, photonics, internet of things and 5G/6G mobile markets for complex SoC design.