Silvaco Group (NASDAQ:SVCO) CFO Christopher John Zegarelli Sells 39,662 Shares of Company Stock

Silvaco Group, Inc. (NASDAQ:SVCO) CFO Christopher Zegarelli sold 39,662 shares of Silvaco Group stock in a transaction on Monday, November 9th. The stock was sold at an average price of $7.05, for a total value of $279,617.10. Following the sale, the chief financial officer owned 500,662 shares in the company, valued at $3,529,667.10. The trade was a 7.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Christopher John Zegarelli also recently made the following trade(s):

• On Wednesday, August 12th, Christopher Zegarelli sold 2,257 shares of Silvaco Group stock. The shares were sold at an average price of $7.55, for a total transaction of $17,040.35.

Silvaco Group Stock Performance

NASDAQ SVCO opened at $7.45 on Wednesday. Silvaco Group, Inc. has a 52-week low of $3.07 and a 52-week high of $14.39. The company has a 50-day simple moving average of $7.14 and a 200 day simple moving average of $7.74. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.09 and a current ratio of 2.09. The company has a market capitalization of $254.79 million, a PE ratio of -10.96 and a beta of 0.64.

Silvaco Group (NASDAQ:SVCO) last announced its quarterly earnings data on Wednesday, November 4th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.05). Silvaco Group had a negative return on equity of 13.28% and a negative net margin of 30.45%. The company had revenue of $16.29 million during the quarter, compared to the consensus estimate of $17.08 million. On average, research analysts predict that Silvaco Group, Inc. will post -0.23 EPS for the current year.

Analysts Set New Price Targets

SVCO has been the topic of a number of research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Silvaco Group in a report on Tuesday, October 6th. Rosenblatt Securities reissued a “buy” rating and set a $14.00 price objective on shares of Silvaco Group in a report on Wednesday, September 23rd. TD Cowen decreased their target price on Silvaco Group from $15.00 to $12.00 and set a “buy” rating for the company in a research report on Thursday, November 5th. Finally, B. Riley Financial reissued a “buy” rating and issued a $11.00 target price (down from $16.00) on shares of Silvaco Group in a research report on Monday, November 2nd. Four analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $13.75.

Institutional Investors Weigh In On Silvaco Group

Institutional investors have recently added to or reduced their stakes in the business. Aberdeen Group plc purchased a new position in shares of Silvaco Group in the third quarter worth about $1,174,000. Russell Investments Group Ltd. raised its position in shares of Silvaco Group by 555.5% in the third quarter. Russell Investments Group Ltd. now owns 245,712 shares of the company’s stock valued at $2,152,000 after purchasing an additional 208,227 shares during the period. Penn Capital Management Company LLC bought a new stake in shares of Silvaco Group in the third quarter valued at approximately $594,000. CenterBook Partners LP purchased a new stake in shares of Silvaco Group during the 3rd quarter valued at approximately $376,000. Finally, State of Wyoming purchased a new stake in shares of Silvaco Group during the 3rd quarter valued at approximately $57,000.

About Silvaco Group

Silvaco Group, Inc. is a semiconductor design software and intellectual property company that provides electronic design automation (EDA) and technology computer-aided design (TCAD) solutions. Its products help semiconductor manufacturers and electronics companies develop, simulate, verify and optimize integrated circuits, semiconductor devices and related technologies. The company’s offerings support multiple stages of the chip-development process, including process and device modeling, circuit simulation, physical design, layout automation and design-rule verification.