Silvaco Group (NASDAQ:SVCO) CFO Sells 39,662 Shares of Stock

Silvaco Group, Inc. (NASDAQ:SVCO) CFO Christopher Zegarelli sold 39,662 shares of the stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of $7.05, for a total transaction of $279,617.10. Following the completion of the sale, the chief financial officer owned 500,662 shares in the company, valued at $3,529,667.10. This represents a 7.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 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 stock was sold at an average price of $7.55, for a total transaction of $17,040.35.

Silvaco Group Stock Up 2.8%

Shares of Silvaco Group stock traded up $0.20 during trading on Tuesday, hitting $7.45. 345,625 shares of the company were exchanged, compared to its average volume of 431,723. Silvaco Group, Inc. has a fifty-two week low of $3.07 and a fifty-two week high of $14.39. The stock has a market capitalization of $252.48 million, a price-to-earnings ratio of -10.96 and a beta of 0.64. The firm has a 50 day moving average price of $7.13 and a 200 day moving average price of $7.72.

Silvaco Group (NASDAQ:SVCO) last announced its earnings results on Wednesday, November 4th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.05). The company had revenue of $16.29 million for the quarter, compared to analyst estimates of $17.08 million. Silvaco Group had a negative net margin of 30.45% and a negative return on equity of 13.43%. Analysts predict that Silvaco Group, Inc. will post -0.23 earnings per share for the current year.

Analysts Set New Price Targets

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

Institutional Trading of Silvaco Group

Several hedge funds and other institutional investors have recently bought and sold shares of SVCO. BlackRock Inc. purchased a new position in shares of Silvaco Group during the 2nd quarter worth $11,080,000. Algert Global LLC purchased a new stake in shares of Silvaco Group in the second quarter valued at $4,962,000. Walleye Capital LLC grew its position in shares of Silvaco Group by 2,239.8% in the first quarter. Walleye Capital LLC now owns 263,152 shares of the company’s stock valued at $1,863,000 after purchasing an additional 251,905 shares during the period. Russell Investments Group Ltd. increased its stake in Silvaco Group by 555.5% in the third quarter. Russell Investments Group Ltd. now owns 245,712 shares of the company’s stock valued at $2,152,000 after purchasing an additional 208,227 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in Silvaco Group by 627.6% in the first quarter. Bank of America Corp DE now owns 171,762 shares of the company’s stock valued at $1,216,000 after purchasing an additional 148,156 shares during the last quarter.

Silvaco Group Company Profile

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.