Silvaco Group (NASDAQ:SVCO) Insider Candace Jackson Sells 1,817 Shares

Silvaco Group, Inc. (NASDAQ:SVCO) insider Candace Jackson sold 1,817 shares of the firm’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $7.12, for a total value of $12,937.04. Following the transaction, the insider owned 53,349 shares in the company, valued at approximately $379,844.88. This represents a 3.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Candace Jackson also recently made the following trade(s):

• On Tuesday, March 17th, Candace Jackson sold 1,500 shares of Silvaco Group stock. The shares were sold at an average price of $5.00, for a total value of $7,500.00.

Silvaco Group Price Performance

NASDAQ:SVCO opened at $7.19 on Friday. Silvaco Group, Inc. has a 1-year low of $3.07 and a 1-year high of $7.44. The company has a 50-day moving average of $4.63 and a 200 day moving average of $4.83. The firm has a market cap of $226.05 million, a PE ratio of -5.10 and a beta of -0.74.

Silvaco Group (NASDAQ:SVCO) last posted its earnings results on Thursday, March 12th. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $18.25 million for the quarter, compared to the consensus estimate of $16.38 million. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. Sell-side analysts anticipate that Silvaco Group, Inc. will post -0.76 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Alyeska Investment Group L.P. lifted its stake in shares of Silvaco Group by 267.9% during the fourth quarter. Alyeska Investment Group L.P. now owns 732,824 shares of the company’s stock worth $2,968,000 after buying an additional 533,630 shares during the period. Lynrock Lake LP increased its position in shares of Silvaco Group by 132.3% in the 4th quarter. Lynrock Lake LP now owns 472,764 shares of the company’s stock valued at $1,915,000 after acquiring an additional 269,283 shares during the period. Nano Cap New Millennium Growth Fund L P acquired a new position in shares of Silvaco Group in the 4th quarter valued at $1,012,000. Topline Capital Management LLC purchased a new position in Silvaco Group in the 2nd quarter worth $1,096,000. Finally, Cinctive Capital Management LP purchased a new position in Silvaco Group in the 3rd quarter worth $487,000.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on SVCO shares. Needham & Company LLC reissued a “buy” rating and set a $10.00 price objective on shares of Silvaco Group in a report on Monday, March 16th. 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 report on Friday, March 13th. Wall Street Zen upgraded Silvaco Group from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Silvaco Group in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Silvaco Group has a consensus rating of “Moderate Buy” and an average price target of $9.33.

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.