Silvaco Group (NASDAQ:SVCO) Director Sells $2,254,000.00 in Stock

Silvaco Group, Inc. (NASDAQ:SVCOGet Free Report) Director Katherine Ngai-Pesic sold 200,000 shares of Silvaco Group stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $11.27, for a total value of $2,254,000.00. Following the sale, the director owned 9,176,403 shares in the company, valued at $103,418,061.81. This represents a 2.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Silvaco Group Trading Down 0.1%

SVCO stock traded down $0.01 during midday trading on Thursday, hitting $11.47. 570,511 shares of the company’s stock were exchanged, compared to its average volume of 631,241. Silvaco Group, Inc. has a 12-month low of $3.07 and a 12-month high of $14.14. The firm has a 50 day moving average price of $9.75 and a 200-day moving average price of $6.30. The stock has a market capitalization of $374.84 million, a price-to-earnings ratio of -12.33 and a beta of 0.75.

Silvaco Group (NASDAQ:SVCOGet Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.03. The company had revenue of $17.76 million for the quarter, compared to the consensus estimate of $17.04 million. Silvaco Group had a negative return on equity of 21.93% and a negative net margin of 41.65%. On average, sell-side analysts forecast that Silvaco Group, Inc. will post -0.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SVCO has been the topic of several research reports. Wall Street Zen raised Silvaco Group from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Needham & Company LLC increased their price objective on shares of Silvaco Group from $10.00 to $18.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Weiss Ratings raised Silvaco Group from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, April 24th. Rosenblatt Securities raised their target price on shares of Silvaco Group from $9.00 to $14.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Finally, TD Cowen dropped their price target on shares of Silvaco Group from $8.00 to $6.00 and set a “buy” rating on the stock in a research report on Friday, March 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Silvaco Group has a consensus rating of “Moderate Buy” and a consensus price target of $12.67.

Check Out Our Latest Research Report on SVCO

Hedge Funds Weigh In On Silvaco Group

A number of hedge funds and other institutional investors have recently modified their holdings of SVCO. Alyeska Investment Group L.P. boosted its position in shares of Silvaco Group by 267.9% in the 4th quarter. Alyeska Investment Group L.P. now owns 732,824 shares of the company’s stock valued at $2,968,000 after purchasing an additional 533,630 shares during the period. Lynrock Lake LP boosted its position in shares of Silvaco Group by 132.3% in the fourth quarter. Lynrock Lake LP now owns 472,764 shares of the company’s stock worth $1,915,000 after buying an additional 269,283 shares during the period. Walleye Capital LLC boosted its position in shares of Silvaco Group by 2,239.8% in the first quarter. Walleye Capital LLC now owns 263,152 shares of the company’s stock worth $1,863,000 after buying an additional 251,905 shares during the period. Nano Cap New Millennium Growth Fund L P acquired a new stake in shares of Silvaco Group in the fourth quarter worth $1,012,000. Finally, Topline Capital Management LLC acquired a new stake in shares of Silvaco Group in the second quarter worth $1,096,000.

Silvaco Group Company Profile

(Get Free Report)

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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Insider Buying and Selling by Quarter for Silvaco Group (NASDAQ:SVCO)

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