Silvaco Group (NASDAQ:SVCO) Stock: Insider Candace Jackson Sells 3,000 Shares

Silvaco Group, Inc. (NASDAQ:SVCO) insider Candace Jackson sold 3,000 shares of Silvaco Group stock in a transaction that occurred on Thursday, November 12th. The shares were sold at an average price of $7.45, for a total transaction of $22,350.00. Following the completion of the sale, the insider owned 41,722 shares in the company, valued at $310,828.90. This trade represents a 6.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, November 9th, Candace Jackson sold 1,557 shares of Silvaco Group stock. The stock was sold at an average price of $7.05, for a total transaction of $10,976.85.
• On Tuesday, August 25th, Candace Jackson sold 3,500 shares of Silvaco Group stock. The stock was sold at an average price of $7.00, for a total transaction of $24,500.00.

Silvaco Group Stock Down 4.3%

SVCO traded down $0.32 during trading hours on Friday, hitting $7.13. 179,361 shares of the company’s stock were exchanged, compared to its average volume of 428,604. The stock has a market cap of $243.85 million, a price-to-earnings ratio of -10.49 and a beta of 0.64. Silvaco Group, Inc. has a 1-year low of $3.07 and a 1-year high of $14.39. The stock’s 50-day moving average is $7.18 and its two-hundred day moving average is $7.76. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.12.

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

Institutional Investors Weigh In On Silvaco Group

Several hedge funds have recently bought and sold shares of SVCO. BlackRock Inc. acquired a new position in Silvaco Group during the second quarter worth approximately $11,080,000. Algert Global LLC acquired a new stake in shares of Silvaco Group in the second quarter valued at approximately $4,962,000. Walleye Capital LLC lifted its position in shares of Silvaco Group by 2,239.8% in the first quarter. Walleye Capital LLC now owns 263,152 shares of the company’s stock valued at $1,863,000 after buying an additional 251,905 shares during the last quarter. Russell Investments Group Ltd. lifted 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 buying an additional 208,227 shares during the last quarter. Finally, Bank of America Corp DE bought a new position in shares of Silvaco Group during the 2nd quarter worth approximately $2,270,000.

Analyst Ratings Changes

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

Silvaco Group Company Profile

Silvaco Group develops software and intellectual property used in the design and development of semiconductor devices and integrated circuits. Its products serve semiconductor companies and other organizations involved in electronics design and manufacturing. The company’s offerings include technology computer-aided design (TCAD) tools, which simulate semiconductor processes and device behavior, and electronic design automation (EDA) software for designing and verifying integrated circuits. Silvaco also provides semiconductor IP, including memory and interface solutions, and offers cloud-based access to some of its tools.