Silvaco Group (NASDAQ:SVCO) Director Sells $2,254,000.00 in Stock

Silvaco Group, Inc. (NASDAQ:SVCO) Director Katherine Ngai-Pesic sold 200,000 shares of the business’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $11.27, for a total value of $2,254,000.00. Following the transaction, the director owned 9,176,403 shares in the company, valued at approximately $103,418,061.81. This trade represents a 2.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Silvaco Group Price Performance

Shares of SVCO stock opened at $12.17 on Friday. Silvaco Group, Inc. has a 1-year low of $3.07 and a 1-year high of $14.14. The stock’s fifty day moving average price is $9.85 and its 200 day moving average price is $6.34. The company has a market cap of $397.72 million, a price-to-earnings ratio of -13.09 and a beta of 0.75.

Silvaco Group (NASDAQ:SVCO) last announced its earnings results on Thursday, May 7th. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.03. Silvaco Group had a negative return on equity of 21.93% and a negative net margin of 41.65%.The firm had revenue of $17.76 million for the quarter, compared to the consensus estimate of $17.04 million. As a group, equities research analysts anticipate that Silvaco Group, Inc. will post -0.23 earnings per share for the current year.

Institutional Trading of Silvaco Group

Large investors have recently added to or reduced their stakes in the company. Nano Cap New Millennium Growth Fund L P purchased a new stake in Silvaco Group during the 4th quarter valued at about $1,012,000. Renaissance Technologies LLC purchased a new stake in shares of Silvaco Group in the first quarter worth about $266,000. Squarepoint Ops LLC purchased a new stake in shares of Silvaco Group in the fourth quarter worth about $57,000. Wells Fargo & Company MN boosted its stake in shares of 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. Finally, HRT Financial LP purchased a new stake in shares of Silvaco Group in the fourth quarter worth about $59,000.

Analyst Upgrades and Downgrades

SVCO has been the topic of several research analyst reports. Needham & Company LLC boosted their target price on Silvaco Group from $10.00 to $18.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Rosenblatt Securities boosted their target price on Silvaco Group from $9.00 to $14.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Wall Street Zen upgraded Silvaco Group from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. TD Cowen dropped their target price on Silvaco Group from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Friday, March 13th. Finally, Weiss Ratings upgraded Silvaco Group from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, April 24th. One 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, Silvaco Group has an average rating of “Moderate Buy” and an average price target of $12.67.

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.