Silvaco Group (NASDAQ:SVCO) CFO Christopher John Zegarelli Sells 2,257 Shares

Silvaco Group, Inc. (NASDAQ:SVCO) CFO Christopher John Zegarelli sold 2,257 shares of Silvaco Group stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $7.55, for a total transaction of $17,040.35. Following the transaction, the chief financial officer owned 540,324 shares of the company’s stock, valued at $4,079,446.20. This represents a 0.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Silvaco Group Price Performance

SVCO opened at $7.38 on Friday. Silvaco Group, Inc. has a fifty-two week low of $3.07 and a fifty-two week high of $14.39. The firm has a market capitalization of $250.11 million, a PE ratio of -10.25 and a beta of 0.63. The company’s 50-day moving average is $10.15 and its 200 day moving average is $8.08.

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

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Needham & Company LLC lifted their target price on Silvaco Group from $10.00 to $18.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Rosenblatt Securities reissued a “buy” rating and issued a $14.00 price target on shares of Silvaco Group in a research report on Friday, August 7th. Finally, Weiss Ratings upgraded Silvaco Group from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, July 10th. 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 company. According to data from MarketBeat, Silvaco Group currently has a consensus rating of “Moderate Buy” and an average target price of $12.67.

Institutional Investors Weigh In On Silvaco Group

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

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.