Silvaco Group (NASDAQ:SVCO) Major Shareholder Katherine Ngai-Pesic Sells 300,000 Shares of Stock

Silvaco Group, Inc. (NASDAQ:SVCO) major shareholder Katherine Ngai-Pesic sold 300,000 shares of the company’s stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $2.26, for a total value of $678,000.00. Following the completion of the transaction, the insider directly owned 9,753,886 shares in the company, valued at approximately $22,043,782.36. This trade represents a 2.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Silvaco Group Trading Up 5.4%

NASDAQ SVCO opened at $6.39 on Friday. The stock has a fifty day simple moving average of $4.08 and a 200-day simple moving average of $4.69. The stock has a market cap of $200.90 million, a PE ratio of -4.53 and a beta of 3.48. Silvaco Group, Inc. has a twelve month low of $3.07 and a twelve month high of $6.57.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Wells Fargo & Company MN increased its holdings in Silvaco Group by 51.2% during the 4th quarter. Wells Fargo & Company MN now owns 9,093 shares of the company’s stock worth $37,000 after purchasing an additional 3,079 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Silvaco Group in the 2nd quarter valued at about $38,000. HighTower Advisors LLC acquired a new position in shares of Silvaco Group during the fourth quarter worth about $41,000. Strs Ohio acquired a new position in shares of Silvaco Group during the first quarter worth about $50,000. Finally, Squarepoint Ops LLC purchased a new stake in shares of Silvaco Group during the fourth quarter worth approximately $57,000.

Wall Street Analyst Weigh In

SVCO has been the subject of several research analyst reports. Wall Street Zen upgraded Silvaco Group from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Needham & Company LLC reissued a “buy” rating and set a $10.00 target price on shares of Silvaco Group in a research note on Monday. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Silvaco Group in a research report on Thursday, January 22nd. Finally, TD Cowen cut their price target on shares of Silvaco Group from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Friday, March 13th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Silvaco Group currently 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.