Silvaco Group (NASDAQ:SVCO) Insider Candace Jackson Sells 3,000 Shares of Company Stock

Silvaco Group, Inc. (NASDAQ:SVCO) insider Candace Jackson sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 12th. The stock was sold at an average price of $7.45, for a total transaction of $22,350.00. Following the transaction, the insider owned 41,722 shares in the company, valued at approximately $310,828.90. This trade represents a 6.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Monday, November 9th, Candace Jackson sold 1,557 shares of Silvaco Group stock. The shares were sold at an average price of $7.05, for a total transaction of $10,976.85.
• On Tuesday, August 25th, Candace Jackson sold 3,500 shares of Silvaco Group stock. The shares were sold at an average price of $7.00, for a total transaction of $24,500.00.

Silvaco Group Stock Performance

SVCO stock traded down $0.32 on Friday, hitting $7.13. The company’s stock had a trading volume of 179,361 shares, compared to its average volume of 290,758. The stock has a market cap of $243.85 million, a price-to-earnings ratio of -10.49 and a beta of 0.64. The firm has a 50 day moving average of $7.20 and a two-hundred day moving average of $7.78. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.12. 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 Wednesday, November 4th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.05). The business had revenue of $16.29 million for the quarter, compared to analysts’ expectations of $17.08 million. Silvaco Group had a negative return on equity of 13.28% and a negative net margin of 30.45%. Equities analysts predict that Silvaco Group, Inc. will post -0.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Silvaco Group

Large investors have recently bought and sold shares of the company. Global Retirement Partners LLC purchased a new stake in shares of Silvaco Group in the second quarter valued at about $27,000. Quantbot Technologies LP acquired a new position in shares of Silvaco Group during the second quarter worth about $28,000. State of Alaska Department of Revenue purchased a new position in Silvaco Group during the third quarter worth about $25,000. State of Wyoming purchased a new position in Silvaco Group during the third quarter worth about $57,000. Finally, Deutsche Bank AG purchased a new position in Silvaco Group during the second quarter worth about $167,000.

Silvaco Group Company Profile

Silvaco Group develops software and intellectual property used in the design and development of semiconductor devices and integrated circuits. Its products serve semiconductor companies and other organizations involved in electronics design and manufacturing. The company’s offerings include technology computer-aided design (TCAD) tools, which simulate semiconductor processes and device behavior, and electronic design automation (EDA) software for designing and verifying integrated circuits. Silvaco also provides semiconductor IP, including memory and interface solutions, and offers cloud-based access to some of its tools.