Silvaco Group (NASDAQ:SVCO) Insider Sells $10,976.85 in Stock

Key Points

• Silvaco insider Candace Jackson sold 1,557 shares for $10,976.85 and retained 44,722 shares; the sale covered tax withholding on vested equity awards.
• The company missed quarterly expectations, reporting a $0.04 loss per share versus a forecasted $0.01 profit and revenue of $16.29 million versus $17.08 million expected.
• Analyst sentiment is mixed but leans positive: four analysts rate SVCO a Buy and one a Sell, with a consensus “Moderate Buy” rating and an average price target of $13.75.

Silvaco Group, Inc. (NASDAQ:SVCO - Get Free Report) insider Candace Jackson sold 1,557 shares of the firm's stock in a transaction on Monday, November 9th. The shares were sold at an average price of $7.05, for a total transaction of $10,976.85. Following the completion of the transaction, the insider directly owned 44,722 shares of the company's stock, valued at $315,290.10. This represents a 3.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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 stock was sold at an average price of $7.00, for a total transaction of $24,500.00.
• 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 Price Performance

SVCO stock traded up $0.20 during trading hours on Tuesday, reaching $7.45. The stock had a trading volume of 345,625 shares, compared to its average volume of 431,723. The stock has a market capitalization of $252.48 million, a PE ratio of -10.96 and a beta of 0.64. The stock has a 50-day simple moving average of $7.13 and a 200 day simple moving average of $7.72. Silvaco Group, Inc. has a fifty-two week low of $3.07 and a fifty-two week high of $14.39.

Silvaco Group (NASDAQ:SVCO - Get Free Report) last released its quarterly earnings data on Wednesday, November 4th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.05). The firm had revenue of $16.29 million for the quarter, compared to analyst estimates of $17.08 million. Silvaco Group had a negative return on equity of 13.43% and a negative net margin of 30.45%. On average, sell-side analysts forecast that Silvaco Group, Inc. will post -0.23 EPS for the current fiscal year.

Institutional Trading of Silvaco Group

Several hedge funds and other institutional investors have recently modified their holdings of SVCO. BlackRock Inc. bought a new position in Silvaco Group in the 2nd quarter valued at about $11,080,000. Algert Global LLC acquired a new stake in Silvaco Group during the second quarter worth approximately $4,962,000. Walleye Capital LLC boosted its holdings in shares of Silvaco Group by 2,239.8% during the first quarter. Walleye Capital LLC now owns 263,152 shares of the company's stock worth $1,863,000 after acquiring an additional 251,905 shares during the period. Russell Investments Group Ltd. boosted its holdings 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 acquiring an additional 208,227 shares during the period. Finally, Bank of America Corp DE bought a new stake in shares of Silvaco Group during the second quarter worth approximately $2,270,000.

Wall Street Analysts Forecast Growth

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

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.

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