Christopher John Zegarelli Sells 2,431 Shares of Silvaco Group (NASDAQ:SVCO) Stock

Silvaco Group, Inc. (NASDAQ:SVCO) CFO Christopher John Zegarelli sold 2,431 shares of the stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $7.11, for a total transaction of $17,284.41. Following the sale, the chief financial officer directly owned 536,976 shares of the company’s stock, valued at $3,817,899.36. This represents a 0.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Silvaco Group Price Performance

Shares of NASDAQ SVCO opened at $7.19 on Friday. The company has a market capitalization of $226.06 million, a PE ratio of -5.10 and a beta of -0.74. Silvaco Group, Inc. has a twelve month low of $3.07 and a twelve month high of $7.44. The firm has a fifty day simple moving average of $4.63 and a 200 day simple moving average of $4.82.

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

Institutional Investors Weigh In On Silvaco Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in shares of Silvaco Group by 27.3% during the second quarter. JPMorgan Chase & Co. now owns 13,483 shares of the company’s stock worth $64,000 after acquiring an additional 2,895 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Silvaco Group by 51.2% in the 4th quarter. Wells Fargo & Company MN now owns 9,093 shares of the company’s stock worth $37,000 after purchasing an additional 3,079 shares during the period. Barclays PLC grew its holdings in Silvaco Group by 53.1% during the 4th quarter. Barclays PLC now owns 16,908 shares of the company’s stock valued at $68,000 after buying an additional 5,867 shares in the last quarter. PDT Partners LLC increased its holdings in Silvaco Group by 35.1% during the 2nd 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 period. Finally, Blair William & Co. IL increased its holdings in Silvaco Group by 41.2% during the 3rd quarter. Blair William & Co. IL now owns 24,000 shares of the company’s stock worth $130,000 after acquiring an additional 7,000 shares during the period.

Wall Street Analysts Forecast Growth

SVCO has been the topic of several recent research reports. Wall Street Zen upgraded Silvaco Group from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. Weiss Ratings reissued a “sell (e+)” rating on shares of Silvaco Group in a research report on Thursday, January 22nd. Needham & Company LLC restated a “buy” rating and issued a $10.00 target price on shares of Silvaco Group in a report on Monday, March 16th. Finally, TD Cowen dropped their target price on Silvaco Group from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Friday, March 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, Silvaco Group has an average rating of “Moderate Buy” and an average target price of $9.33.

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.