Key Points
- Silvaco Group insider Candace Jackson sold 2,000 shares on May 14 at an average price of $11.00, totaling $22,000. After the sale, she still held 51,349 shares, reducing her ownership by 3.75%.
- Jackson has been actively selling shares this spring, including 1,817 shares on April 1 and 1,500 shares on March 17, indicating a series of insider disposals rather than a one-off transaction.
- Silvaco’s recent business and stock backdrop is mixed but improving: the company beat quarterly EPS and revenue estimates, while analysts currently rate the stock a “Moderate Buy” with a consensus target price of $12.67.
Silvaco Group, Inc. (NASDAQ:SVCO - Get Free Report) insider Candace Jackson sold 2,000 shares of the business's stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $11.00, for a total value of $22,000.00. Following the sale, the insider owned 51,349 shares of the company's stock, valued at approximately $564,839. This trade represents a 3.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available 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 stock was 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 stock was sold at an average price of $5.00, for a total value of $7,500.00.
Silvaco Group Stock Performance
NASDAQ:SVCO opened at $10.67 on Friday. Silvaco Group, Inc. has a 12 month low of $3.07 and a 12 month high of $12.81. The stock has a 50 day moving average of $7.65 and a two-hundred day moving average of $5.52. The firm has a market cap of $348.70 million, a P/E ratio of -11.47 and a beta of 0.88.
Silvaco Group (NASDAQ:SVCO - Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.03. Silvaco Group had a negative return on equity of 21.93% and a negative net margin of 41.65%.The company had revenue of $17.76 million during the quarter, compared to analyst estimates of $17.04 million. On average, research analysts forecast that Silvaco Group, Inc. will post -0.36 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on SVCO shares. TD Cowen cut their price objective on Silvaco Group from $8.00 to $6.00 and set a "buy" rating for the company in a research note on Friday, March 13th. Wall Street Zen upgraded Silvaco Group from a "sell" rating to a "hold" rating in a research report on Saturday, March 14th. Weiss Ratings upgraded Silvaco Group from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Friday, April 24th. Needham & Company LLC upped their price target on Silvaco Group from $10.00 to $18.00 and gave the company a "buy" rating in a research report on Monday. Finally, Rosenblatt Securities upped their price target on Silvaco Group from $9.00 to $14.00 and gave the company a "buy" rating in a research report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $12.67.
View Our Latest Analysis on SVCO
Institutional Investors Weigh In On Silvaco Group
A number of large investors have recently made changes to their positions in SVCO. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Silvaco Group in the first quarter valued at approximately $357,000. Goldman Sachs Group Inc. grew its position in shares of Silvaco Group by 249.1% in the first quarter. Goldman Sachs Group Inc. now owns 106,051 shares of the company's stock valued at $484,000 after purchasing an additional 75,675 shares in the last quarter. Strs Ohio purchased a new stake in shares of Silvaco Group in the first quarter valued at approximately $50,000. Geode Capital Management LLC grew its position in Silvaco Group by 10.3% in the second quarter. Geode Capital Management LLC now owns 192,211 shares of the company's stock worth $907,000 after acquiring an additional 18,022 shares during the period. Finally, JPMorgan Chase & Co. grew its position in Silvaco Group by 27.3% in the second quarter. JPMorgan Chase & Co. now owns 13,483 shares of the company's stock worth $64,000 after acquiring an additional 2,895 shares during the period.
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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