Insider Buying: Silvaco Group (NASDAQ:SVCO) Major Shareholder Acquires 25,000 Shares of Stock

Silvaco Group, Inc. (NASDAQ:SVCO) major shareholder Katherine Ngai-Pesic bought 25,000 shares of the stock in a transaction that occurred on Wednesday, December 10th. The shares were purchased at an average price of $4.13 per share, with a total value of $103,250.00. Following the purchase, the insider owned 10,303,886 shares of the company’s stock, valued at approximately $42,555,049.18. This represents a 0.24% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Silvaco Group Price Performance

Shares of NASDAQ SVCO traded up $0.16 during midday trading on Wednesday, hitting $4.20. 355,457 shares of the company’s stock were exchanged, compared to its average volume of 143,199. The firm’s fifty day simple moving average is $5.16 and its 200-day simple moving average is $4.96. The company has a market cap of $128.68 million, a PE ratio of -4.08 and a beta of 3.31. Silvaco Group, Inc. has a twelve month low of $3.45 and a twelve month high of $9.93.

Silvaco Group (NASDAQ:SVCO) last released its quarterly earnings data on Wednesday, November 12th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). The company had revenue of $18.67 million for the quarter, compared to analyst estimates of $15.95 million. Silvaco Group had a negative return on equity of 15.53% and a negative net margin of 47.59%. Equities analysts anticipate that Silvaco Group, Inc. will post -0.76 EPS for the current fiscal year.

Analyst Ratings Changes

SVCO has been the subject of a number of research reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Silvaco Group in a research report on Wednesday, October 8th. Jefferies Financial Group upgraded Silvaco Group to a “strong-buy” rating in a research report on Tuesday, October 28th. Rosenblatt Securities reissued a “buy” rating and issued a $12.00 target price on shares of Silvaco Group in a research report on Tuesday, November 4th. Finally, Wall Street Zen downgraded Silvaco Group from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $11.25.

Hedge Funds Weigh In On Silvaco Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Blair William & Co. IL purchased a new stake in Silvaco Group during the 1st quarter valued at approximately $46,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Silvaco Group by 8.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 60,724 shares of the company’s stock valued at $277,000 after purchasing an additional 4,667 shares during the period. Stoneridge Investment Partners LLC purchased a new stake in shares of Silvaco Group during the first quarter worth approximately $77,000. Samjo Management LLC lifted its holdings in shares of Silvaco Group by 2.8% during the first quarter. Samjo Management LLC now owns 665,700 shares of the company’s stock worth $3,036,000 after purchasing an additional 18,400 shares during the period. Finally, Yiheng Capital Management L.P. purchased a new position in Silvaco Group in the 1st quarter valued at $461,623,000.

About Silvaco Group

Silvaco Group Inc is a provider of TCAD, EDA software and SIP solutions which enable semiconductor design and AI through software and innovation. The company’s solutions are used for process and device development across display, power devices, automotive, memory, high performance compute, photonics, internet of things and 5G/6G mobile markets for complex SoC design.