Silvaco Group (NASDAQ:SVCO) Stock: Insider Candace Jackson Sells 1,557 Shares

Silvaco Group, Inc. (NASDAQ:SVCO) insider Candace Jackson sold 1,557 shares of Silvaco Group stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $7.05, for a total value of $10,976.85. Following the sale, the insider owned 44,722 shares in the company, valued at $315,290.10. This represents a 3.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Tuesday, August 25th, Candace Jackson sold 3,500 shares of Silvaco Group stock. The shares were sold at an average price of $7.00, for a total value of $24,500.00.
• On Wednesday, August 12th, Candace Jackson sold 1,570 shares of Silvaco Group stock. The shares were sold at an average price of $7.55, for a total value of $11,853.50.

Silvaco Group Stock Up 2.8%

SVCO stock opened at $7.66 on Thursday. Silvaco Group, Inc. has a twelve month low of $3.07 and a twelve month high of $14.39. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $261.97 million, a P/E ratio of -11.26 and a beta of 0.64. The firm has a 50 day simple moving average of $7.16 and a 200-day simple moving average of $7.75.

Silvaco Group (NASDAQ:SVCO) last posted 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 company had revenue of $16.29 million during the quarter, compared to analyst estimates of $17.08 million. On average, equities research analysts predict that Silvaco Group, Inc. will post -0.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Institutional Trading of Silvaco Group

Institutional investors and hedge funds have recently modified their holdings of the business. Aberdeen Group plc bought a new position in shares of Silvaco Group in the 3rd quarter worth about $1,174,000. Russell Investments Group Ltd. grew its position in shares of Silvaco Group by 555.5% during the 3rd 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. Penn Capital Management Company LLC bought a new stake in shares of Silvaco Group during the 3rd quarter valued at about $594,000. CenterBook Partners LP bought a new stake in shares of Silvaco Group during the 3rd quarter valued at about $376,000. Finally, State of Wyoming acquired a new stake in Silvaco Group during the third quarter worth about $57,000.

Silvaco Group Company Profile

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.