Key Points
- Silvaco Group director Katherine Ngai-Pesic sold 200,000 shares on June 11 at an average price of $11.27, generating about $2.254 million. After the sale, she still held more than 9.17 million shares.
- The stock was little changed, opening at $11.47 and trading near the upper end of its 52-week range of $3.07 to $14.14. The company’s market cap was about $374.8 million.
- Analysts remain cautiously positive, with a consensus rating of “Moderate Buy” and an average price target of $12.67. Recent earnings beat estimates, though Silvaco still reported a loss and negative margins.
Silvaco Group, Inc. (NASDAQ:SVCO - Get Free Report) Director Katherine Ngai-Pesic sold 200,000 shares of the firm's stock in a transaction 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 directly owned 9,176,403 shares of the company's stock, valued at approximately $103,418,061.81. This trade represents a 2.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Silvaco Group Stock Down 0.1%
SVCO stock opened at $11.47 on Friday. The business has a fifty day moving average of $9.75 and a two-hundred day moving average of $6.30. The stock has a market cap of $374.84 million, a price-to-earnings ratio of -12.33 and a beta of 0.75. Silvaco Group, Inc. has a 52-week low of $3.07 and a 52-week high of $14.14.
Silvaco Group (NASDAQ:SVCO - Get Free Report) last posted its earnings results 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. 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 analysts' expectations of $17.04 million. As a group, sell-side analysts anticipate that Silvaco Group, Inc. will post -0.23 EPS for the current year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in SVCO. Jacobs Levy Equity Management Inc. acquired a new position in Silvaco Group during the 1st quarter worth approximately $357,000. Goldman Sachs Group Inc. raised its position in shares of Silvaco Group by 249.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 106,051 shares of the company's stock worth $484,000 after acquiring an additional 75,675 shares in the last quarter. Strs Ohio acquired a new stake in shares of Silvaco Group during the 1st quarter worth about $50,000. Geode Capital Management LLC raised its position in shares of Silvaco Group by 10.3% during the 2nd 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 in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Silvaco Group by 27.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 13,483 shares of the company's stock worth $64,000 after acquiring an additional 2,895 shares in the last quarter.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on SVCO shares. TD Cowen dropped their target price on Silvaco Group from $8.00 to $6.00 and set a "buy" rating for the company in a research report on Friday, March 13th. Weiss Ratings upgraded Silvaco Group from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Friday, April 24th. Needham & Company LLC increased their price objective on Silvaco Group from $10.00 to $18.00 and gave the company a "buy" rating in a research note on Monday, May 11th. Wall Street Zen upgraded Silvaco Group from a "sell" rating to a "hold" rating in a research note on Saturday, March 14th. Finally, Rosenblatt Securities increased their price objective on Silvaco Group from $9.00 to $14.00 and gave the company a "buy" rating in a research note on Friday, May 8th. One 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, the company currently has an average rating of "Moderate Buy" and a consensus price target of $12.67.
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About Silvaco Group
(
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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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