Silvaco Group (NASDAQ:SVCO) Insider Sells $24,500.00 in Stock

Silvaco Group, Inc. (NASDAQ:SVCO) insider Candace Jackson sold 3,500 shares of the stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $7.00, for a total value of $24,500.00. Following the completion of the transaction, the insider directly owned 46,279 shares of the company’s stock, valued at $323,953. This trade represents a 7.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, August 12th, Candace Jackson sold 1,570 shares of Silvaco Group stock. The shares were sold at an average price of $7.55, for a total value of $11,853.50.

Silvaco Group Price Performance

Shares of Silvaco Group stock opened at $6.86 on Friday. Silvaco Group, Inc. has a 1-year low of $3.07 and a 1-year high of $14.39. The business’s fifty day moving average price is $9.01 and its two-hundred day moving average price is $8.26. The company has a market capitalization of $232.49 million, a P/E ratio of -9.53 and a beta of 0.63.

Silvaco Group (NASDAQ:SVCO) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. The company had revenue of $17.81 million during the quarter, compared to analysts’ expectations of $17.90 million. Silvaco Group had a negative return on equity of 15.29% and a negative net margin of 30.43%. On average, research analysts expect that Silvaco Group, Inc. will post -0.23 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SVCO. Jacobs Levy Equity Management Inc. acquired a new position in Silvaco Group during the first quarter worth about $357,000. Goldman Sachs Group Inc. raised its holdings in shares of Silvaco Group by 249.1% during the first quarter. Goldman Sachs Group Inc. now owns 106,051 shares of the company’s stock valued at $484,000 after acquiring an additional 75,675 shares during the period. Strs Ohio acquired a new stake in Silvaco Group during the 1st quarter valued at $50,000. Geode Capital Management LLC lifted its stake in Silvaco Group by 10.3% in the 2nd quarter. Geode Capital Management LLC now owns 192,211 shares of the company’s stock worth $907,000 after acquiring an additional 18,022 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Silvaco Group by 27.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 13,483 shares of the company’s stock worth $64,000 after acquiring an additional 2,895 shares in the last quarter.

Analyst Upgrades and Downgrades

SVCO has been the subject of a number of recent analyst reports. Rosenblatt Securities reiterated a “buy” rating and issued a $14.00 target price on shares of Silvaco Group in a research report on Friday, August 7th. Weiss Ratings raised shares of Silvaco Group from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, July 10th. Finally, Needham & Company LLC increased their price objective on shares of Silvaco Group from $10.00 to $18.00 and gave the company a “buy” rating in a report on Monday, May 11th. One 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.com, Silvaco Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.67.

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.