Katherine Ngai-Pesic Sells 250,000 Shares of Silvaco Group (NASDAQ:SVCO) Stock

Silvaco Group, Inc. (NASDAQ:SVCO) major shareholder Katherine Ngai-Pesic sold 250,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $2.15, for a total transaction of $537,500.00. Following the sale, the insider owned 10,053,886 shares in the company, valued at approximately $21,615,854.90. The trade was a 2.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Silvaco Group Price Performance

NASDAQ:SVCO traded up $0.33 during trading hours on Thursday, hitting $6.39. 884,304 shares of the stock traded hands, compared to its average volume of 850,910. Silvaco Group, Inc. has a 1 year low of $3.07 and a 1 year high of $6.57. The stock has a 50 day moving average price of $4.04 and a 200 day moving average price of $4.68.

Silvaco Group (NASDAQ:SVCO) last announced its quarterly earnings data on Thursday, March 12th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.09. Silvaco Group had a negative net margin of 65.34% and a negative return on equity of 23.01%. The firm had revenue of $18.25 million for the quarter, compared to the consensus estimate of $16.38 million. Silvaco Group’s revenue was up 2.2% compared to the same quarter last year. Research analysts expect that Silvaco Group, Inc. will post -0.76 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Wall Street Zen upgraded Silvaco Group from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. TD Cowen decreased 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. Weiss Ratings reissued a “sell (e+)” rating on shares of Silvaco Group in a report on Thursday, January 22nd. Finally, Needham & Company LLC restated a “buy” rating and issued a $10.00 price target on shares of Silvaco Group in a research note on Monday. One equities research 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $9.33.

Institutional Investors Weigh In On Silvaco Group

Several large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its position in shares of Silvaco Group by 27.3% in the second quarter. JPMorgan Chase & Co. now owns 13,483 shares of the company’s stock worth $64,000 after buying an additional 2,895 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Silvaco Group by 51.2% during the fourth quarter. Wells Fargo & Company MN now owns 9,093 shares of the company’s stock valued at $37,000 after buying an additional 3,079 shares during the last quarter. Barclays PLC increased its stake in Silvaco Group by 53.1% in the 4th quarter. Barclays PLC now owns 16,908 shares of the company’s stock worth $68,000 after acquiring an additional 5,867 shares during the last quarter. PDT Partners LLC increased its stake in Silvaco Group by 35.1% in the 2nd quarter. PDT Partners LLC now owns 25,969 shares of the company’s stock worth $123,000 after acquiring an additional 6,749 shares during the last quarter. Finally, Blair William & Co. IL raised its holdings in shares of Silvaco Group by 41.2% during the 3rd quarter. Blair William & Co. IL now owns 24,000 shares of the company’s stock worth $130,000 after acquiring an additional 7,000 shares in the last quarter.

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.