Silvaco Group (NASDAQ:SVCO) Insider Sells $12,937.04 in Stock

Silvaco Group, Inc. (NASDAQ:SVCO) insider Candace Jackson sold 1,817 shares of the stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $7.12, for a total value of $12,937.04. Following the completion of the sale, the insider directly owned 53,349 shares in the company, valued at $379,844.88. This represents a 3.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Candace Jackson also recently made the following trade(s):

• On Tuesday, March 17th, Candace Jackson sold 1,500 shares of Silvaco Group stock. The shares were sold at an average price of $5.00, for a total transaction of $7,500.00.

Silvaco Group Stock Performance

Silvaco Group stock remained flat at $7.19 during trading on Friday. 258,947 shares of the company were exchanged, compared to its average volume of 1,059,574. Silvaco Group, Inc. has a one year low of $3.07 and a one year high of $7.44. The firm has a 50-day moving average of $4.59 and a 200 day moving average of $4.82. The stock has a market capitalization of $226.05 million, a PE ratio of -5.10 and a beta of -0.74.

Silvaco Group (NASDAQ:SVCO) last announced its quarterly earnings data on Thursday, March 12th. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.09. The company had revenue of $18.25 million for the quarter, compared to the consensus estimate of $16.38 million. Silvaco Group had a negative net margin of 65.34% and a negative return on equity of 23.01%. Silvaco Group’s quarterly revenue was up 2.2% on a year-over-year basis. As a group, sell-side analysts expect that Silvaco Group, Inc. will post -0.76 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on SVCO shares. Wall Street Zen upgraded Silvaco Group from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. TD Cowen lowered their price objective on shares of Silvaco Group from $8.00 to $6.00 and set a “buy” rating on the stock in a research report on Friday, March 13th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Silvaco Group in a research note on Thursday, January 22nd. Finally, Needham & Company LLC restated a “buy” rating and issued a $10.00 price target on shares of Silvaco Group in a research report on Monday, March 16th. One 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 data from MarketBeat.com, Silvaco Group has a consensus rating of “Moderate Buy” and an average target price of $9.33.

Institutional Trading of Silvaco Group

Several large investors have recently bought and sold shares of SVCO. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Silvaco Group during the 1st quarter worth $357,000. Goldman Sachs Group Inc. increased its stake in Silvaco Group by 249.1% during the first quarter. Goldman Sachs Group Inc. now owns 106,051 shares of the company’s stock worth $484,000 after acquiring an additional 75,675 shares during the last quarter. Strs Ohio acquired a new stake in Silvaco Group during the first quarter worth about $50,000. Geode Capital Management LLC raised its holdings in shares of Silvaco Group by 10.3% in the 2nd quarter. Geode Capital Management LLC now owns 192,211 shares of the company’s stock worth $907,000 after purchasing an additional 18,022 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of 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 purchasing an additional 2,895 shares in the last quarter.

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.