Silvaco Group (NASDAQ:SVCO) Insider Candace Jackson Sells 1,570 Shares of Stock

Silvaco Group, Inc. (NASDAQ:SVCO) insider Candace Jackson sold 1,570 shares of the stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $7.55, for a total value of $11,853.50. Following the completion of the transaction, the insider directly owned 49,779 shares in the company, valued at $375,831.45. This trade represents a 3.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Silvaco Group Stock Performance

Silvaco Group stock traded down $0.02 during midday trading on Thursday, reaching $7.38. The stock had a trading volume of 392,633 shares, compared to its average volume of 466,639. The stock’s 50-day simple moving average is $10.26 and its 200 day simple moving average is $8.07. Silvaco Group, Inc. has a twelve month low of $3.07 and a twelve month high of $14.39. The stock has a market capitalization of $250.11 million, a PE ratio of -10.25 and a beta of 0.63.

Silvaco Group (NASDAQ:SVCO) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. The company had revenue of $17.81 million during the quarter, compared to analyst estimates of $17.90 million. Silvaco Group had a negative return on equity of 15.63% and a negative net margin of 30.43%. Equities analysts predict that Silvaco Group, Inc. will post -0.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Silvaco Group

Several hedge funds have recently modified their holdings of SVCO. Global Retirement Partners LLC purchased a new position in Silvaco Group in the 2nd quarter worth approximately $27,000. Quantbot Technologies LP purchased a new stake in shares of Silvaco Group during the second quarter valued at approximately $28,000. Raymond James Financial Inc. acquired a new position in shares of Silvaco Group during the second quarter worth $38,000. Wells Fargo & Company MN lifted its position in shares of Silvaco Group by 51.2% during the fourth 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 in the last quarter. Finally, HighTower Advisors LLC purchased a new position in shares of Silvaco Group in the fourth quarter valued at $41,000.

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.