Silvaco Group (NASDAQ:SVCO) Trading Down 0.2% - What's Next?

Shares of Silvaco Group, Inc. (NASDAQ:SVCO - Get Free Report) dropped 0.2% during trading on Wednesday . The company traded as low as $4.23 and last traded at $4.32. Approximately 93,765 shares were traded during mid-day trading, a decline of 64% from the average daily volume of 257,824 shares. The stock had previously closed at $4.33.

Analyst Ratings Changes

SVCO has been the subject of a number of recent research reports. Needham & Company LLC cut their price objective on shares of Silvaco Group from $19.00 to $10.00 and set a "buy" rating for the company in a report on Monday, May 12th. Rosenblatt Securities lowered their price objective on shares of Silvaco Group from $18.00 to $14.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Silvaco Group has an average rating of "Buy" and an average target price of $15.40.

Silvaco Group Stock Down 3.5%

The firm has a market cap of $121.09 million, a PE ratio of -1.78 and a beta of 3.05. The firm's 50 day moving average is $4.76 and its 200-day moving average is $5.66.

Insider Buying and Selling

In other news, major shareholder Katherine S. Ngai-Pesic sold 15,000 shares of the stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $4.91, for a total value of $73,650.00. Following the completion of the sale, the insider owned 10,477,355 shares of the company's stock, valued at $51,443,813.05. This represents a 0.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Babak A. Taheri acquired 20,949 shares of the company's stock in a transaction dated Friday, May 16th. The stock was acquired at an average cost of $4.93 per share, with a total value of $103,278.57. Following the transaction, the chief executive officer directly owned 785,031 shares of the company's stock, valued at approximately $3,870,202.83. This represents a 2.74% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 38.40% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SVCO. SBI Securities Co. Ltd. bought a new stake in Silvaco Group in the 1st quarter valued at about $30,000. Blair William & Co. IL acquired a new position in Silvaco Group during the 1st quarter valued at about $46,000. Strs Ohio acquired a new position in Silvaco Group during the 1st quarter valued at about $50,000. Stoneridge Investment Partners LLC acquired a new position in Silvaco Group during the 1st quarter valued at about $77,000. Finally, Aristides Capital LLC acquired a new position in shares of Silvaco Group in the 4th quarter worth approximately $86,000.

About Silvaco Group

Silvaco Group Inc is a provider of TCAD, EDA software and SIP solutions which enable semiconductor design and AI through software and innovation. The company's solutions are used for process and device development across display, power devices, automotive, memory, high performance compute, photonics, internet of things and 5G/6G mobile markets for complex SoC design.