Silvaco Group (NASDAQ:SVCO) Stock: Insider Christopher John Zegarelli Sells 39,662 Shares

Silvaco Group, Inc. (NASDAQ:SVCO) CFO Christopher Zegarelli sold 39,662 shares of the business’s stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $7.05, for a total transaction of $279,617.10. Following the completion of the transaction, the chief financial officer owned 500,662 shares of the company’s stock, valued at $3,529,667.10. This represents a 7.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Christopher John Zegarelli also recently made the following trade(s):

• On Wednesday, August 12th, Christopher Zegarelli sold 2,257 shares of Silvaco Group stock. The shares were sold at an average price of $7.55, for a total transaction of $17,040.35.

Silvaco Group Stock Performance

SVCO stock opened at $7.66 on Thursday. Silvaco Group, Inc. has a one year low of $3.07 and a one year high of $14.39. The firm has a market cap of $261.97 million, a price-to-earnings ratio of -11.26 and a beta of 0.64. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.09 and a current ratio of 2.09. The firm has a 50-day simple moving average of $7.16 and a two-hundred day simple moving average of $7.75.

Silvaco Group (NASDAQ:SVCO) last issued its quarterly earnings data 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). The firm had revenue of $16.29 million during the quarter, compared to analysts’ expectations of $17.08 million. Silvaco Group had a negative return on equity of 13.28% and a negative net margin of 30.45%. On average, equities analysts forecast that Silvaco Group, Inc. will post -0.23 EPS for the current fiscal year.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Silvaco Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. acquired a new position in Silvaco Group in the 2nd quarter worth approximately $11,080,000. Algert Global LLC acquired a new stake in Silvaco Group during the 2nd quarter valued at approximately $4,962,000. Bank of America Corp DE acquired a new stake in Silvaco Group during the 2nd quarter valued at approximately $2,270,000. Russell Investments Group Ltd. boosted its holdings in shares of Silvaco Group by 555.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 245,712 shares of the company’s stock valued at $2,152,000 after acquiring an additional 208,227 shares during the last quarter. Finally, Walleye Capital LLC boosted its holdings in shares of Silvaco Group by 2,239.8% in the 1st quarter. Walleye Capital LLC now owns 263,152 shares of the company’s stock valued at $1,863,000 after acquiring an additional 251,905 shares during the last quarter.

About Silvaco Group

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.