Insider Selling: Silvaco Group (NASDAQ:SVCO) Insider Sells $12,937.04 in Stock

Silvaco Group, Inc. (NASDAQ:SVCO) insider Candace Jackson sold 1,817 shares of the business’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $7.12, for a total transaction of $12,937.04. Following the transaction, the insider owned 53,349 shares in the company, valued at approximately $379,844.88. The trade was a 3.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Tuesday, March 17th, Candace Jackson sold 1,500 shares of Silvaco Group stock. The stock was sold at an average price of $5.00, for a total transaction of $7,500.00.

Silvaco Group Price Performance

Shares of SVCO stock opened at $7.19 on Monday. The company has a fifty day moving average price of $4.63 and a two-hundred day moving average price of $4.82. Silvaco Group, Inc. has a one year low of $3.07 and a one year high of $7.44. The stock has a market cap of $226.05 million, a P/E ratio of -5.10 and a beta of -0.74.

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

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on SVCO. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Silvaco Group in a research report on Thursday, January 22nd. TD Cowen decreased their target price on Silvaco Group from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Friday, March 13th. Wall Street Zen upgraded Silvaco Group from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $10.00 price target on shares of Silvaco Group in a report on Monday, March 16th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Sell rating to the company. According to MarketBeat, Silvaco Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.33.

Hedge Funds Weigh In On Silvaco Group

A number of large investors have recently made changes to their positions in the company. Quadrature Capital Ltd boosted its stake in Silvaco Group by 70.9% in the 4th quarter. Quadrature Capital Ltd now owns 31,682 shares of the company’s stock valued at $128,000 after purchasing an additional 13,148 shares during the period. PDT Partners LLC grew its holdings in Silvaco Group by 35.1% in the 2nd quarter. PDT Partners LLC now owns 25,969 shares of the company’s stock valued at $123,000 after buying an additional 6,749 shares in the last quarter. XTX Topco Ltd bought a new position in Silvaco Group during the 4th quarter worth $114,000. Dimensional Fund Advisors LP acquired a new stake in shares of Silvaco Group during the fourth quarter worth $101,000. Finally, Barclays PLC lifted its holdings in shares of Silvaco Group by 53.1% during the fourth quarter. Barclays PLC now owns 16,908 shares of the company’s stock worth $68,000 after buying an additional 5,867 shares in the last quarter.

About Silvaco Group

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.