Christopher John Zegarelli Sells 2,257 Shares of Silvaco Group (NASDAQ:SVCO) Stock

Silvaco Group, Inc. (NASDAQ:SVCO) CFO Christopher John Zegarelli sold 2,257 shares of the firm’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $7.55, for a total value of $17,040.35. Following the completion of the sale, the chief financial officer directly owned 540,324 shares of the company’s stock, valued at $4,079,446.20. This trade represents a 0.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Silvaco Group Stock Down 1.6%

NASDAQ SVCO opened at $7.26 on Friday. The business’s fifty day simple moving average is $10.07 and its 200-day simple moving average is $8.08. The firm has a market cap of $246.01 million, a PE ratio of -10.08 and a beta of 0.63. Silvaco Group, Inc. has a 52 week low of $3.07 and a 52 week high of $14.39.

Silvaco Group (NASDAQ:SVCO) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.01. Silvaco Group had a negative net margin of 30.43% and a negative return on equity of 15.29%. The firm had revenue of $17.81 million during the quarter, compared to analyst estimates of $17.90 million. Research analysts expect that Silvaco Group, Inc. will post -0.23 EPS for the current year.

Institutional Investors Weigh In On Silvaco Group

A number of institutional investors have recently made changes to their positions in SVCO. Walleye Capital LLC lifted its holdings in shares of Silvaco Group by 2,239.8% in the 1st quarter. Walleye Capital LLC now owns 263,152 shares of the company’s stock worth $1,863,000 after acquiring an additional 251,905 shares during the last quarter. Lepercq De Neuflize Asset Management LLC acquired a new stake in Silvaco Group in the 4th quarter valued at approximately $357,000. Nano Cap New Millennium Growth Fund L P acquired a new stake in Silvaco Group in the 4th quarter valued at approximately $1,012,000. R Squared Ltd purchased a new stake in Silvaco Group in the first quarter valued at approximately $99,000. Finally, Bank of America Corp DE raised its position in Silvaco Group by 627.6% in the first quarter. Bank of America Corp DE now owns 171,762 shares of the company’s stock valued at $1,216,000 after purchasing an additional 148,156 shares during the period.

Wall Street Analysts Forecast Growth

SVCO has been the subject of a number of recent analyst reports. Rosenblatt Securities restated a “buy” rating and set a $14.00 price target on shares of Silvaco Group in a report on Friday, August 7th. Needham & Company LLC upped their price objective on Silvaco Group from $10.00 to $18.00 and gave the company a “buy” rating in a report on Monday, May 11th. Finally, Weiss Ratings upgraded Silvaco Group from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, July 10th. One investment 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $12.67.

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.