Silvaco Group (NASDAQ:SVCO) Insider Candace Jackson Sells 3,500 Shares of Stock

Key Points

• Insider sale: Candace Jackson sold 3,500 Silvaco Group shares at $7.00 each for $24,500, reducing her position by 7.03% to 46,279 shares. She also sold 1,570 shares earlier in August at $7.55.
• Stock and financial performance: SVCO recently traded at $6.73, well below its 50-day moving average of $9.38. The company met quarterly EPS expectations at $0.01 but reported revenue slightly below estimates and continues to post negative net margins.
• Analyst outlook: Despite the insider selling, analysts maintain a consensus “Moderate Buy” rating with an average price target of $12.67, compared with the current share price.

Silvaco Group, Inc. (NASDAQ:SVCO - Get Free Report) insider Candace Jackson sold 3,500 shares of the firm's stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $7.00, for a total transaction of $24,500.00. Following the sale, the insider owned 46,279 shares of the company's stock, valued at $323,953. This trade represents a 7.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Wednesday, August 12th, Candace Jackson sold 1,570 shares of Silvaco Group stock. The stock was sold at an average price of $7.55, for a total transaction of $11,853.50.

Silvaco Group Stock Performance

SVCO traded down $0.08 during midday trading on Wednesday, reaching $6.73. The company had a trading volume of 184,653 shares, compared to its average volume of 458,397. Silvaco Group, Inc. has a 12-month low of $3.07 and a 12-month high of $14.39. The business has a 50-day moving average price of $9.38 and a two-hundred day moving average price of $8.22. The stock has a market cap of $228.08 million, a PE ratio of -9.35 and a beta of 0.63.

Silvaco Group (NASDAQ:SVCO - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. The company had revenue of $17.81 million during the quarter, compared to analyst estimates of $17.90 million. Silvaco Group had a negative net margin of 30.43% and a negative return on equity of 15.29%. On average, research analysts anticipate that Silvaco Group, Inc. will post -0.23 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Jacobs Levy Equity Management Inc. purchased a new position in Silvaco Group in the 1st quarter valued at approximately $357,000. Goldman Sachs Group Inc. boosted its holdings in shares of Silvaco Group by 249.1% in the first quarter. Goldman Sachs Group Inc. now owns 106,051 shares of the company's stock worth $484,000 after acquiring an additional 75,675 shares during the period. Strs Ohio bought a new position in shares of Silvaco Group in the first quarter worth $50,000. Geode Capital Management LLC grew its position in shares of Silvaco Group by 10.3% in the second quarter. Geode Capital Management LLC now owns 192,211 shares of the company's stock valued at $907,000 after purchasing an additional 18,022 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of 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 period.

Analysts Set New Price Targets

SVCO has been the topic of several research reports. Needham & Company LLC boosted their target price on Silvaco Group from $10.00 to $18.00 and gave the company a "buy" rating in a research note on Monday, May 11th. Rosenblatt Securities reiterated a "buy" rating and set a $14.00 price target on shares of Silvaco Group in a research note on Friday, August 7th. Finally, Weiss Ratings raised Silvaco Group from a "sell (e+)" rating to a "sell (d-)" rating in a report on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $12.67.

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.

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