Insider Selling: Silvaco Group (NASDAQ:SVCO) CFO Sells $17,040.35 in Stock

Silvaco Group, Inc. (NASDAQ:SVCO) CFO Christopher John Zegarelli sold 2,257 shares of the business’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $7.55, for a total transaction of $17,040.35. Following the sale, the chief financial officer owned 540,324 shares in the company, valued at $4,079,446.20. This trade represents a 0.42% decrease in their ownership of the stock. The sale 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.

Silvaco Group Stock Performance

NASDAQ SVCO opened at $7.26 on Friday. The firm has a 50 day simple moving average of $10.07 and a 200-day simple moving average of $8.08. Silvaco Group, Inc. has a one year low of $3.07 and a one year high of $14.39. The firm has a market cap of $246.04 million, a price-to-earnings ratio of -10.08 and a beta of 0.63.

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

Analysts Set New Price Targets

SVCO has been the topic of a number of recent research reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $14.00 price objective on shares of Silvaco Group in a research report on Friday, August 7th. Weiss Ratings upgraded Silvaco Group from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, July 10th. Finally, Needham & Company LLC boosted their target price on Silvaco Group from $10.00 to $18.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $12.67.

Institutional Trading of Silvaco Group

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Silvaco Group during the 2nd quarter worth approximately $11,080,000. Alyeska Investment Group L.P. raised its holdings in shares of Silvaco Group by 267.9% in the 4th quarter. Alyeska Investment Group L.P. now owns 732,824 shares of the company’s stock valued at $2,968,000 after purchasing an additional 533,630 shares in the last quarter. Lynrock Lake LP raised its holdings in shares of Silvaco Group by 132.3% in the 4th quarter. Lynrock Lake LP now owns 472,764 shares of the company’s stock valued at $1,915,000 after purchasing an additional 269,283 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Silvaco Group by 6.0% during the 3rd quarter. Vanguard Group Inc. now owns 401,649 shares of the company’s stock worth $2,173,000 after purchasing an additional 22,682 shares during the last quarter. Finally, Algert Global LLC purchased a new stake in shares of Silvaco Group during the 2nd quarter worth $4,962,000.

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.