Silvaco Group (NASDAQ:SVCO) Insider Candace Jackson Sells 1,557 Shares of Stock

Silvaco Group, Inc. (NASDAQ:SVCO) insider Candace Jackson sold 1,557 shares of the stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $7.05, for a total transaction of $10,976.85. Following the completion of the sale, the insider directly owned 44,722 shares in the company, valued at approximately $315,290.10. The trade was a 3.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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 shares were 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 shares were sold at an average price of $7.55, for a total transaction of $11,853.50.

Silvaco Group Price Performance

Shares of NASDAQ:SVCO opened at $7.45 on Wednesday. The stock has a market cap of $254.79 million, a P/E 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 has a 50 day moving average of $7.14 and a 200 day moving average of $7.74. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.12.

Silvaco Group (NASDAQ:SVCO) last issued its quarterly earnings results on Wednesday, November 4th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $16.29 million for 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 EPS for the current fiscal year.

Hedge Funds Weigh In On Silvaco Group

A number of institutional investors have recently bought and sold shares of SVCO. Aberdeen Group plc purchased a new stake in Silvaco Group in the third quarter worth about $1,174,000. Russell Investments Group Ltd. grew its holdings in shares of Silvaco Group by 555.5% during 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 period. Penn Capital Management Company LLC purchased a new position in shares of Silvaco Group during the 3rd quarter worth approximately $594,000. CenterBook Partners LP purchased a new position in shares of Silvaco Group during the 3rd quarter worth approximately $376,000. Finally, State of Wyoming bought a new position in shares of Silvaco Group in the 3rd quarter worth approximately $57,000.

Wall Street Analyst Weigh In

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

Silvaco Group Company Profile

Silvaco Group, Inc. is a semiconductor design software and intellectual property company that provides electronic design automation (EDA) and technology computer-aided design (TCAD) solutions. Its products help semiconductor manufacturers and electronics companies develop, simulate, verify and optimize integrated circuits, semiconductor devices and related technologies. The company’s offerings support multiple stages of the chip-development process, including process and device modeling, circuit simulation, physical design, layout automation and design-rule verification.