Insider Selling: Silvaco Group (NASDAQ:SVCO) Insider Sells $11,853.50 in Stock

Silvaco Group, Inc. (NASDAQ:SVCO) insider Candace Jackson sold 1,570 shares of Silvaco Group stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $7.55, for a total transaction of $11,853.50. Following the transaction, the insider owned 49,779 shares in the company, valued at approximately $375,831.45. This trade represents a 3.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available 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 SVCO stock opened at $7.26 on Friday. Silvaco Group, Inc. has a 52-week low of $3.07 and a 52-week high of $14.39. The firm has a market capitalization of $246.04 million, a PE ratio of -10.08 and a beta of 0.63. The stock has a fifty day simple moving average of $10.07 and a two-hundred day simple moving average of $8.08.

Silvaco Group (NASDAQ:SVCO) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.01 EPS for the quarter, meeting analysts’ consensus estimates of $0.01. Silvaco Group had a negative return on equity of 15.29% and a negative net margin of 30.43%.The business had revenue of $17.81 million for the quarter, compared to analysts’ expectations of $17.90 million. On average, sell-side analysts forecast that Silvaco Group, Inc. will post -0.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SVCO. Rosenblatt Securities reissued a “buy” rating and issued a $14.00 price target on shares of Silvaco Group in a report on Friday, August 7th. Needham & Company LLC increased their price objective on shares of Silvaco Group from $10.00 to $18.00 and gave the company a “buy” rating in a report on Monday, May 11th. Finally, Weiss Ratings upgraded shares of Silvaco Group from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, Silvaco Group presently has a consensus rating of “Moderate Buy” and an average price target of $12.67.

Institutional Inflows and Outflows

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

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.