Silvaco Group (NASDAQ:SVCO) Major Shareholder Katherine Ngai-Pesic Sells 400,000 Shares

Silvaco Group, Inc. (NASDAQ:SVCO) major shareholder Katherine Ngai-Pesic sold 400,000 shares of the stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $2.00, for a total transaction of $800,000.00. Following the sale, the insider directly owned 9,353,886 shares of the company’s stock, valued at $18,707,772. This represents a 4.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Silvaco Group Trading Up 5.4%

SVCO opened at $6.39 on Friday. The stock has a market capitalization of $200.90 million, a P/E ratio of -4.53 and a beta of 3.48. Silvaco Group, Inc. has a 12 month low of $3.07 and a 12 month high of $6.57. The firm’s fifty day simple moving average is $4.08 and its 200 day simple moving average is $4.69.

Silvaco Group (NASDAQ:SVCO) last released its earnings results on Thursday, March 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.09. Silvaco Group had a negative return on equity of 23.01% and a negative net margin of 65.34%.The firm had revenue of $18.25 million during the quarter, compared to analysts’ expectations of $16.38 million. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, equities research analysts predict that Silvaco Group, Inc. will post -0.76 EPS for the current fiscal year.

Institutional Inflows and Outflows

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

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SVCO. Wall Street Zen upgraded Silvaco Group from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Silvaco Group in a research report on Thursday, January 22nd. TD Cowen decreased their price target on shares of Silvaco Group from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Friday, March 13th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $10.00 price objective on shares of Silvaco Group in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Silvaco Group currently has an average rating of “Moderate Buy” and an average target price of $9.33.

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.