Silvaco Group (NASDAQ:SVCO) Insider Candace Jackson Sells 1,570 Shares

Silvaco Group, Inc. (NASDAQ:SVCO) insider Candace Jackson sold 1,570 shares of the stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $7.55, for a total value of $11,853.50. Following the completion of the sale, the insider directly owned 49,779 shares of the company’s stock, valued at approximately $375,831.45. This represents a 3.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Silvaco Group Stock Performance

Shares of Silvaco Group stock opened at $7.38 on Friday. The business’s 50 day moving average price is $10.15 and its 200 day moving average price is $8.08. The company has a market cap of $250.11 million, a price-to-earnings ratio of -10.25 and a beta of 0.63. Silvaco Group, Inc. has a one year low of $3.07 and a one year high of $14.39.

Silvaco Group (NASDAQ:SVCO) last issued its earnings results on Thursday, August 6th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. Silvaco Group had a negative return on equity of 15.63% and a negative net margin of 30.43%.The company had revenue of $17.81 million during the quarter, compared to analysts’ expectations of $17.90 million. On average, analysts predict that Silvaco Group, Inc. will post -0.23 EPS for the current fiscal year.

Institutional Trading of Silvaco Group

Several institutional investors have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC acquired a new stake in Silvaco Group in the 2nd quarter valued at approximately $27,000. Quantbot Technologies LP acquired a new position in Silvaco Group during the second quarter worth $28,000. Wells Fargo & Company MN boosted its position in shares of Silvaco Group by 51.2% during the fourth quarter. Wells Fargo & Company MN now owns 9,093 shares of the company’s stock worth $37,000 after buying an additional 3,079 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Silvaco Group during the second quarter worth $38,000. Finally, HighTower Advisors LLC acquired a new stake in shares of Silvaco Group in the fourth quarter valued at $41,000.

Wall Street Analysts Forecast Growth

SVCO has been the topic of several recent analyst reports. Needham & Company LLC upped their price target on Silvaco Group from $10.00 to $18.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Weiss Ratings raised Silvaco Group from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, July 10th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $14.00 price objective on shares of Silvaco Group in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $12.67.

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.