Candace Jackson Sells 3,500 Shares of Silvaco Group (NASDAQ:SVCO) Stock

Silvaco Group, Inc. (NASDAQ:SVCO) insider Candace Jackson sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $7.00, for a total transaction of $24,500.00. Following the sale, the insider directly owned 46,279 shares in the company, valued at $323,953. This trade represents a 7.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Wednesday, August 12th, Candace Jackson sold 1,570 shares of Silvaco Group stock. The shares were sold at an average price of $7.55, for a total transaction of $11,853.50.

Silvaco Group Trading Down 1.2%

Shares of SVCO traded down $0.08 during mid-day trading on Wednesday, reaching $6.73. 184,653 shares of the stock traded hands, compared to its average volume of 458,397. The firm has a fifty day moving average price of $9.38 and a 200 day moving average price of $8.22. The company has a market cap of $228.08 million, a price-to-earnings ratio of -9.35 and a beta of 0.63. Silvaco Group, Inc. has a 1 year low of $3.07 and a 1 year high of $14.39.

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

Analyst Ratings Changes

Several analysts have weighed in on the company. Weiss Ratings raised Silvaco Group from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, July 10th. Needham & Company LLC boosted their price objective on Silvaco Group from $10.00 to $18.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $14.00 price objective on shares of Silvaco Group in a research report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $12.67.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SVCO. Global Retirement Partners LLC purchased a new position in shares of Silvaco Group in the 2nd quarter worth about $27,000. Quantbot Technologies LP bought a new stake in Silvaco Group in the 2nd quarter worth approximately $28,000. Raymond James Financial Inc. purchased a new stake in Silvaco Group in the second quarter worth approximately $38,000. Wells Fargo & Company MN boosted its stake in Silvaco Group by 51.2% in the fourth quarter. Wells Fargo & Company MN now owns 9,093 shares of the company’s stock worth $37,000 after buying an additional 3,079 shares in 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.