Insider Selling: Silvaco Group (NASDAQ:SVCO) Insider Sells $22,350.00 in Stock

Key Points

• Silvaco insider Candace Jackson sold 3,000 shares for $22,350 at an average price of $7.45, reducing her holdings by 6.71% to 41,722 shares. She also made two other sales in recent months.
• Silvaco shares fell 4.3% to $7.13 during Friday trading. The company’s latest quarter missed expectations, reporting a $0.04 loss per share and $16.29 million in revenue.
• Analysts’ average rating is “Moderate Buy,” with a $13.75 average price target; several firms recently lowered their targets, while four analysts rate the stock a Buy and one a Sell.

Silvaco Group, Inc. (NASDAQ:SVCO - Get Free Report) insider Candace Jackson sold 3,000 shares of the business's 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 transaction, the insider owned 41,722 shares of the company's stock, valued at approximately $310,828.90. This represents a 6.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Monday, November 9th, Candace Jackson sold 1,557 shares of Silvaco Group stock. The shares were 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 Trading Down 4.3%

Shares of NASDAQ SVCO traded down $0.32 during midday trading on Friday, reaching $7.13. 179,361 shares of the stock were exchanged, compared to its average volume of 428,604. The business has a 50-day simple moving average of $7.18 and a two-hundred day simple moving average of $7.76. The company has a market capitalization of $243.85 million, a price-to-earnings ratio of -10.49 and a beta of 0.64. Silvaco Group, Inc. has a 12 month low of $3.07 and a 12 month high of $14.39. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.09 and a quick ratio of 2.09.

Silvaco Group (NASDAQ:SVCO - Get Free Report) last released its quarterly earnings data on Wednesday, November 4th. The company reported ($0.04) EPS for the quarter, missing analysts' consensus estimates of $0.01 by ($0.05). The firm had revenue of $16.29 million during the quarter, compared to the consensus estimate of $17.08 million. Silvaco Group had a negative net margin of 30.45% and a negative return on equity of 13.28%. As a group, equities research analysts expect that Silvaco Group, Inc. will post -0.23 EPS for the current year.

Institutional Investors Weigh In On Silvaco Group

Several institutional investors have recently added to or reduced their stakes in the stock. Aberdeen Group plc bought a new stake in shares of Silvaco Group in the third quarter valued at about $1,174,000. Russell Investments Group Ltd. boosted its position in shares of Silvaco Group by 555.5% during the third quarter. Russell Investments Group Ltd. now owns 245,712 shares of the company's stock worth $2,152,000 after buying an additional 208,227 shares during the period. Penn Capital Management Company LLC bought a new position in shares of Silvaco Group during the third quarter worth about $594,000. CenterBook Partners LP bought a new position in shares of Silvaco Group during the third quarter worth about $376,000. Finally, State of Wyoming bought a new position in shares of Silvaco Group during the third quarter worth about $57,000.

Wall Street Analysts Forecast Growth

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

About Silvaco Group

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.

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