Insider Selling: Silvaco Group (NASDAQ:SVCO) CFO Sells $17,284.41 in Stock

Silvaco Group, Inc. (NASDAQ:SVCO) CFO Christopher John Zegarelli sold 2,431 shares of Silvaco Group stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $7.11, for a total value of $17,284.41. Following the completion of the transaction, the chief financial officer owned 536,976 shares in the company, valued at $3,817,899.36. This represents a 0.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Silvaco Group Stock Performance

SVCO opened at $7.19 on Monday. The firm has a market cap of $226.05 million, a price-to-earnings ratio of -5.10 and a beta of -0.74. Silvaco Group, Inc. has a 12 month low of $3.07 and a 12 month high of $7.44. The stock has a fifty day moving average price of $4.63 and a 200-day moving average price of $4.82.

Silvaco Group (NASDAQ:SVCO) last issued its quarterly earnings data on Thursday, March 12th. The company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.09. The company had revenue of $18.25 million for the quarter, compared to the consensus estimate of $16.38 million. Silvaco Group had a negative return on equity of 23.01% and a negative net margin of 65.34%.The company’s revenue was up 2.2% on a year-over-year basis. On average, equities research analysts forecast that Silvaco Group, Inc. will post -0.76 EPS for the current year.

Institutional Investors Weigh In On Silvaco Group

A number of large investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its stake in Silvaco Group by 27.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 13,483 shares of the company’s stock valued at $64,000 after purchasing an additional 2,895 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Silvaco Group by 51.2% in the 4th quarter. Wells Fargo & Company MN now owns 9,093 shares of the company’s stock worth $37,000 after buying an additional 3,079 shares during the period. Barclays PLC increased its holdings in Silvaco Group by 53.1% in the 4th quarter. Barclays PLC now owns 16,908 shares of the company’s stock worth $68,000 after buying an additional 5,867 shares during the period. PDT Partners LLC raised its position in Silvaco Group by 35.1% during the 2nd quarter. PDT Partners LLC now owns 25,969 shares of the company’s stock worth $123,000 after buying an additional 6,749 shares during the last quarter. Finally, Blair William & Co. IL lifted its stake in Silvaco Group by 41.2% during the 3rd quarter. Blair William & Co. IL now owns 24,000 shares of the company’s stock valued at $130,000 after acquiring an additional 7,000 shares during the period.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. TD Cowen lowered their target price 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. Wall Street Zen raised Silvaco Group from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Silvaco Group in a report on Thursday, January 22nd. Finally, Needham & Company LLC restated a “buy” rating and set a $10.00 target price on shares of Silvaco Group in a research note on Monday, March 16th. 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’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $9.33.

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.