Silvaco Group, Inc. (NASDAQ:SVCO – Get Free Report) insider Candace Jackson sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $11.00, for a total value of $22,000.00. Following the completion of the transaction, the insider owned 51,349 shares in the company, valued at $564,839. This represents a 3.75% decrease in their ownership of the stock. 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, April 1st, Candace Jackson sold 1,817 shares of Silvaco Group stock. The shares were sold at an average price of $7.12, for a total value of $12,937.04.
- On Tuesday, March 17th, Candace Jackson sold 1,500 shares of Silvaco Group stock. The shares were sold at an average price of $5.00, for a total value of $7,500.00.
Silvaco Group Stock Performance
SVCO opened at $10.09 on Friday. Silvaco Group, Inc. has a one year low of $3.07 and a one year high of $12.81. The stock has a market capitalization of $329.74 million, a PE ratio of -10.85 and a beta of 0.88. The business’s 50 day moving average price is $7.78 and its 200 day moving average price is $5.55.
Wall Street Analyst Weigh In
SVCO has been the topic of a number of research analyst reports. Weiss Ratings raised Silvaco Group from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, April 24th. 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 report on Monday, May 11th. TD Cowen cut their price objective on Silvaco Group from $8.00 to $6.00 and set a “buy” rating on the stock in a research report on Friday, March 13th. Wall Street Zen raised Silvaco Group from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Finally, Rosenblatt Securities upped their price objective on Silvaco Group from $9.00 to $14.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. One research 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $12.67.
Read Our Latest Analysis on SVCO
Institutional Trading of Silvaco Group
A number of large investors have recently modified their holdings of SVCO. Wells Fargo & Company MN increased its position in shares of Silvaco Group by 51.2% during the fourth quarter. Wells Fargo & Company MN now owns 9,093 shares of the company’s stock worth $37,000 after acquiring an additional 3,079 shares during the period. Raymond James Financial Inc. purchased a new position in Silvaco Group in the second quarter valued at $38,000. HighTower Advisors LLC purchased a new position in Silvaco Group in the fourth quarter valued at $41,000. Strs Ohio purchased a new position in Silvaco Group in the first quarter valued at $50,000. Finally, Squarepoint Ops LLC purchased a new position in Silvaco Group in the fourth quarter valued at $57,000.
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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