Silvaco Group (NASDAQ:SVCO) Major Shareholder Buys $103,250.00 in Stock

Silvaco Group, Inc. (NASDAQ:SVCO) major shareholder Katherine Ngai-Pesic bought 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The stock was acquired at an average price of $4.13 per share, for a total transaction of $103,250.00. Following the completion of the acquisition, the insider directly owned 10,303,886 shares in the company, valued at approximately $42,555,049.18. This represents a 0.24% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Silvaco Group Stock Performance

Shares of NASDAQ:SVCO opened at $4.38 on Friday. The stock has a market capitalization of $134.20 million, a price-to-earnings ratio of -4.25 and a beta of 3.30. Silvaco Group, Inc. has a 1-year low of $3.45 and a 1-year high of $9.93. The company has a 50 day moving average price of $5.09 and a 200 day moving average price of $4.95.

Silvaco Group (NASDAQ:SVCO) last posted its quarterly earnings results on Wednesday, November 12th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.03). The company had revenue of $18.67 million during the quarter, compared to the consensus estimate of $15.95 million. Silvaco Group had a negative net margin of 47.59% and a negative return on equity of 15.53%. On average, sell-side analysts expect that Silvaco Group, Inc. will post -0.76 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Silvaco Group in a report on Wednesday, October 8th. Rosenblatt Securities reaffirmed a “buy” rating and set a $12.00 price objective on shares of Silvaco Group in a research note on Tuesday, November 4th. Wall Street Zen cut shares of Silvaco Group from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. Finally, Jefferies Financial Group raised shares of Silvaco Group to a “strong-buy” rating in a research report on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $11.25.

Institutional Investors Weigh In On Silvaco Group

Institutional investors have recently bought and sold shares of the business. Nisa Investment Advisors LLC increased its holdings in shares of Silvaco Group by 4,961.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 5,264 shares of the company’s stock valued at $25,000 after purchasing an additional 5,160 shares during the period. Raymond James Financial Inc. purchased a new position in Silvaco Group during the second quarter valued at approximately $38,000. Blair William & Co. IL purchased a new position in Silvaco Group during the first quarter valued at approximately $46,000. Strs Ohio acquired a new position in Silvaco Group in the 1st quarter valued at approximately $50,000. Finally, JPMorgan Chase & Co. increased its stake in Silvaco Group by 27.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 13,483 shares of the company’s stock valued at $64,000 after buying an additional 2,895 shares during the period.

About Silvaco Group

Silvaco Group Inc is a provider of TCAD, EDA software and SIP solutions which enable semiconductor design and AI through software and innovation. The company’s solutions are used for process and device development across display, power devices, automotive, memory, high performance compute, photonics, internet of things and 5G/6G mobile markets for complex SoC design.