Insider Selling: Silvaco Group (NASDAQ:SVCO) Insider Sells $10,976.85 in Stock

Silvaco Group, Inc. (NASDAQ:SVCO) insider Candace Jackson sold 1,557 shares of the business’s stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of $7.05, for a total value of $10,976.85. Following the completion of the transaction, the insider directly owned 44,722 shares in the company, valued at approximately $315,290.10. This trade represents a 3.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Tuesday, August 25th, Candace Jackson sold 3,500 shares of Silvaco Group stock. The stock was sold at an average price of $7.00, for a total transaction of $24,500.00.
• On Wednesday, August 12th, Candace Jackson sold 1,570 shares of Silvaco Group stock. The stock was sold at an average price of $7.55, for a total transaction of $11,853.50.

Silvaco Group Stock Down 2.7%

Shares of NASDAQ SVCO opened at $7.45 on Friday. The firm has a market cap of $254.79 million, a PE ratio of -10.96 and a beta of 0.64. Silvaco Group, Inc. has a 12-month low of $3.07 and a 12-month high of $14.39. The company’s fifty day simple moving average is $7.18 and its 200 day simple moving average is $7.76. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.12.

Silvaco Group (NASDAQ:SVCO) last posted its quarterly earnings results on Wednesday, November 4th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.05). Silvaco Group had a negative net margin of 30.45% and a negative return on equity of 13.28%. The company had revenue of $16.29 million during the quarter, compared to the consensus estimate of $17.08 million. As a group, sell-side analysts forecast that Silvaco Group, Inc. will post -0.23 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. BlackRock Inc. bought a new position in shares of Silvaco Group in the second quarter valued at $11,080,000. Algert Global LLC bought a new stake in shares of Silvaco Group during the second quarter worth about $4,962,000. Bank of America Corp DE acquired a new stake in shares of Silvaco Group in the 2nd quarter worth about $2,270,000. Russell Investments Group Ltd. raised its holdings in shares of Silvaco Group by 555.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 245,712 shares of the company’s stock worth $2,152,000 after acquiring an additional 208,227 shares during the last quarter. Finally, Walleye Capital LLC raised 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.

Analysts Set New Price Targets

A number of brokerages recently commented on SVCO. Rosenblatt Securities reaffirmed a “buy” rating and issued a $14.00 target price on shares of Silvaco Group in a research report on Wednesday, September 23rd. B. Riley Financial reiterated a “buy” rating and issued a $11.00 price target (down from $16.00) on shares of Silvaco Group in a report on Monday, November 2nd. Weiss Ratings reissued a “sell (d-)” rating on shares of Silvaco Group in a research note on Tuesday, October 6th. Finally, TD Cowen decreased their price objective on Silvaco Group from $15.00 to $12.00 and set a “buy” rating for the company in a report on Thursday, November 5th. Four analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $13.75.

Silvaco Group Company Profile

Silvaco Group develops software and intellectual property used in the design and development of semiconductor devices and integrated circuits. Its products serve semiconductor companies and other organizations involved in electronics design and manufacturing. The company’s offerings include technology computer-aided design (TCAD) tools, which simulate semiconductor processes and device behavior, and electronic design automation (EDA) software for designing and verifying integrated circuits. Silvaco also provides semiconductor IP, including memory and interface solutions, and offers cloud-based access to some of its tools.