Candace Jackson Sells 2,000 Shares of Silvaco Group (NASDAQ:SVCO) Stock

Silvaco Group, Inc. (NASDAQ:SVCO) insider Candace Jackson sold 2,000 shares of Silvaco Group stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $11.00, for a total value of $22,000.00. Following the completion of the sale, the insider directly owned 51,349 shares of the company’s stock, valued at $564,839. The trade was a 3.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Wednesday, April 1st, Candace Jackson sold 1,817 shares of Silvaco Group stock. The stock was sold at an average price of $7.12, for a total value of $12,937.04.
• On Tuesday, March 17th, Candace Jackson sold 1,500 shares of Silvaco Group stock. The shares were sold at an average price of $5.00, for a total transaction of $7,500.00.

Silvaco Group Stock Performance

Shares of NASDAQ:SVCO remained flat at $10.67 during trading on Thursday. 574,347 shares of the stock traded hands, compared to its average volume of 384,883. The company has a 50 day simple moving average of $7.65 and a 200-day simple moving average of $5.52. The firm has a market cap of $348.70 million, a price-to-earnings ratio of -11.47 and a beta of 0.88. Silvaco Group, Inc. has a 52-week low of $3.07 and a 52-week high of $12.81.

Silvaco Group (NASDAQ:SVCO) last announced its earnings results on Thursday, May 7th. The company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.03. The business had revenue of $17.76 million during the quarter, compared to analysts’ expectations of $17.04 million. Silvaco Group had a negative net margin of 41.65% and a negative return on equity of 21.93%. On average, equities research analysts forecast that Silvaco Group, Inc. will post -0.36 EPS for the current year.

Hedge Funds Weigh In On Silvaco Group

A number of hedge funds and other institutional investors have recently modified their holdings of SVCO. Jain Global LLC bought a new position in shares of Silvaco Group during the 4th quarter valued at approximately $63,000. Squarepoint Ops LLC purchased a new stake in Silvaco Group during the fourth quarter valued at $57,000. Wells Fargo & Company MN raised its stake in Silvaco Group by 51.2% during the fourth quarter. Wells Fargo & Company MN now owns 9,093 shares of the company’s stock valued at $37,000 after purchasing an additional 3,079 shares in the last quarter. HRT Financial LP bought a new position in Silvaco Group during the fourth quarter valued at $59,000. Finally, HighTower Advisors LLC purchased a new position in shares of Silvaco Group in the 4th quarter worth $41,000.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on SVCO shares. Weiss Ratings raised Silvaco Group from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, April 24th. Needham & Company LLC lifted their price target on shares of Silvaco Group from $10.00 to $18.00 and gave the company a “buy” rating in a report on Monday. TD Cowen reduced their price objective on shares of Silvaco Group from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Friday, March 13th. Rosenblatt Securities lifted their target price on shares of Silvaco Group from $9.00 to $14.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Finally, Wall Street Zen upgraded Silvaco Group from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. One investment 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.67.

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.