Silvaco Group, Inc. (NASDAQ:SVCO – Get Free Report) CFO Christopher John Zegarelli sold 2,257 shares of the firm’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $7.55, for a total transaction of $17,040.35. Following the completion of the transaction, the chief financial officer directly owned 540,324 shares of the company’s stock, valued at $4,079,446.20. This represents a 0.42% 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.
Silvaco Group Stock Performance
SVCO traded down $0.02 during trading on Thursday, reaching $7.38. 392,633 shares of the stock were exchanged, compared to its average volume of 466,639. The stock’s 50 day moving average price is $10.26 and its two-hundred day moving average price is $8.07. Silvaco Group, Inc. has a twelve month low of $3.07 and a twelve month high of $14.39. The stock has a market cap of $250.11 million, a P/E ratio of -10.25 and a beta of 0.63.
Silvaco Group (NASDAQ:SVCO – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.01 EPS for the quarter, meeting analysts’ consensus estimates of $0.01. Silvaco Group had a negative net margin of 30.43% and a negative return on equity of 15.63%. The firm had revenue of $17.81 million during the quarter, compared to analysts’ expectations of $17.90 million. Equities research analysts predict that Silvaco Group, Inc. will post -0.23 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on SVCO shares. Rosenblatt Securities reiterated a “buy” rating and set a $14.00 price target on shares of Silvaco Group in a report on Friday, August 7th. Weiss Ratings raised Silvaco Group from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, July 10th. Finally, Needham & Company LLC lifted their target price on Silvaco Group from $10.00 to $18.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. One 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’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $12.67.
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Silvaco Group Company Profile
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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