Insider Selling: Silvaco Group (NASDAQ:SVCO) Major Shareholder Sells 250,000 Shares of Stock

Silvaco Group, Inc. (NASDAQ:SVCO) major shareholder Katherine Ngai-Pesic sold 250,000 shares of the company’s stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $2.15, for a total transaction of $537,500.00. Following the sale, the insider directly owned 10,053,886 shares in the company, valued at approximately $21,615,854.90. The trade was a 2.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Silvaco Group Price Performance

SVCO stock traded up $0.33 during trading on Thursday, hitting $6.39. 884,304 shares of the company’s stock traded hands, compared to its average volume of 850,910. Silvaco Group, Inc. has a 52 week low of $3.07 and a 52 week high of $6.57. The business has a fifty day simple moving average of $4.04 and a 200 day simple moving average of $4.68.

Silvaco Group (NASDAQ:SVCO) last announced its earnings results on Thursday, March 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.09. Silvaco Group had a negative net margin of 65.34% and a negative return on equity of 23.01%. The firm had revenue of $18.25 million for the quarter, compared to analysts’ expectations of $16.38 million. Silvaco Group’s quarterly revenue was up 2.2% compared to the same quarter last year. Analysts anticipate that Silvaco Group, Inc. will post -0.76 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SVCO has been the subject of several analyst reports. Wall Street Zen raised Silvaco Group from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Weiss Ratings restated a “sell (e+)” rating on shares of Silvaco Group in a report on Thursday, January 22nd. Needham & Company LLC restated a “buy” rating and issued a $10.00 price target on shares of Silvaco Group in a research report on Monday. Finally, TD Cowen dropped 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. One 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 stock. According to data from MarketBeat.com, Silvaco Group has an average rating of “Moderate Buy” and a consensus price target of $9.33.

Hedge Funds Weigh In On Silvaco Group

Large investors have recently bought and sold shares of the business. Raymond James Financial Inc. purchased a new stake in Silvaco Group in the second quarter worth $38,000. Wells Fargo & Company MN boosted its stake 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 valued at $37,000 after purchasing an additional 3,079 shares during the period. HighTower Advisors LLC purchased a new stake in shares of Silvaco Group during the fourth quarter valued at $41,000. Strs Ohio bought a new position in shares of Silvaco Group in the first quarter worth about $50,000. Finally, JPMorgan Chase & Co. increased 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 buying an additional 2,895 shares during the period.

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.