Katherine Ngai-Pesic Sells 200,000 Shares of Silvaco Group (NASDAQ:SVCO) Stock

Silvaco Group, Inc. (NASDAQ:SVCO) Director Katherine Ngai-Pesic sold 200,000 shares of Silvaco Group stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $11.27, for a total value of $2,254,000.00. Following the completion of the sale, the director directly owned 9,176,403 shares of the company’s stock, valued at approximately $103,418,061.81. This trade represents a 2.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Silvaco Group Stock Performance

Shares of SVCO opened at $12.17 on Friday. The business has a 50-day moving average of $9.85 and a 200 day moving average of $6.34. Silvaco Group, Inc. has a fifty-two week low of $3.07 and a fifty-two week high of $14.14. The firm has a market cap of $397.72 million, a P/E ratio of -13.09 and a beta of 0.75.

Silvaco Group (NASDAQ:SVCO) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.03. The company had revenue of $17.76 million during the quarter, compared to analyst estimates of $17.04 million. Silvaco Group had a negative return on equity of 21.93% and a negative net margin of 41.65%. As a group, research analysts predict that Silvaco Group, Inc. will post -0.23 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of SVCO. Wells Fargo & Company MN grew its holdings 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. Raymond James Financial Inc. purchased a new position in shares of Silvaco Group during the second quarter worth about $38,000. HighTower Advisors LLC purchased a new position in shares of Silvaco Group during the fourth quarter worth about $41,000. Strs Ohio purchased a new position in shares of Silvaco Group during the first quarter worth about $50,000. Finally, Squarepoint Ops LLC purchased a new position in shares of Silvaco Group during the fourth quarter worth about $57,000.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SVCO. Weiss Ratings raised Silvaco Group from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, April 24th. Rosenblatt Securities lifted their target price on Silvaco Group from $9.00 to $14.00 and gave the company a “buy” rating in a report on Friday, May 8th. Needham & Company LLC lifted their target price on Silvaco Group from $10.00 to $18.00 and gave the company a “buy” rating in a report on Monday, May 11th. Wall Street Zen raised Silvaco Group from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. Finally, TD Cowen reduced their target price on Silvaco Group from $8.00 to $6.00 and set a “buy” rating for the company in a report on Friday, March 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.