Katherine Ngai-Pesic Acquires 25,000 Shares of Silvaco Group (NASDAQ:SVCO) Stock

Silvaco Group, Inc. (NASDAQ:SVCO) major shareholder Katherine Ngai-Pesic bought 25,000 shares of the company’s stock in a transaction on Wednesday, December 10th. The shares were acquired at an average price of $4.13 per share, for a total transaction of $103,250.00. Following the transaction, the insider directly owned 10,303,886 shares in the company, valued at $42,555,049.18. This trade represents a 0.24% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Silvaco Group Price Performance

Shares of SVCO stock traded up $0.16 during trading hours on Wednesday, reaching $4.20. 355,457 shares of the company’s stock were exchanged, compared to its average volume of 143,199. The company’s 50 day moving average is $5.16 and its two-hundred day moving average is $4.96. The company has a market cap of $128.68 million, a P/E ratio of -4.08 and a beta of 3.31. Silvaco Group, Inc. has a 1 year low of $3.45 and a 1 year high of $9.93.

Silvaco Group (NASDAQ:SVCO) last announced its quarterly earnings data on Wednesday, November 12th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). Silvaco Group had a negative return on equity of 15.53% and a negative net margin of 47.59%.The business had revenue of $18.67 million for the quarter, compared to analyst estimates of $15.95 million. As a group, analysts predict that Silvaco Group, Inc. will post -0.76 EPS for the current fiscal year.

Institutional Trading of Silvaco Group

Several institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. increased its stake in shares of Silvaco Group by 27.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 13,483 shares of the company’s stock worth $64,000 after purchasing an additional 2,895 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Silvaco Group by 8.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 60,724 shares of the company’s stock valued at $277,000 after buying an additional 4,667 shares during the last quarter. Nisa Investment Advisors LLC increased its position in Silvaco Group by 4,961.5% during the second quarter. Nisa Investment Advisors LLC now owns 5,264 shares of the company’s stock worth $25,000 after buying an additional 5,160 shares in the last quarter. PDT Partners LLC raised its holdings in shares of Silvaco Group by 35.1% in the second quarter. PDT Partners LLC now owns 25,969 shares of the company’s stock worth $123,000 after acquiring an additional 6,749 shares during the last quarter. Finally, Blair William & Co. IL raised its holdings in shares of Silvaco Group by 70.0% in the second quarter. Blair William & Co. IL now owns 17,000 shares of the company’s stock worth $80,000 after acquiring an additional 7,000 shares during the last quarter.

Analysts Set New Price Targets

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

Silvaco Group Company Profile

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.