Key Points
- Insider sale: Candace Jackson sold 1,570 Silvaco Group shares at an average price of $7.55, generating $11,853.50. The sale covered tax withholding related to vested equity awards and reduced her ownership by 3.06%.
- Recent performance: Silvaco reported quarterly EPS of $0.01, in line with estimates, while revenue of $17.81 million fell slightly short of the $17.90 million consensus. The company continues to post losses, with a negative net margin of 30.43%.
- Analyst outlook: Analysts maintain a “Moderate Buy” consensus, with a $12.67 average price target compared with the stock’s $7.38 opening price. Institutional investors including BlackRock and Algert Global recently established or increased positions.
Silvaco Group, Inc. (NASDAQ:SVCO - Get Free Report) insider Candace Jackson sold 1,570 shares of the business's stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $7.55, for a total transaction of $11,853.50. Following the sale, the insider owned 49,779 shares in the company, valued at $375,831.45. This trade represents a 3.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Silvaco Group Stock Performance
NASDAQ SVCO opened at $7.38 on Friday. The firm has a 50 day simple moving average of $10.15 and a 200-day simple moving average of $8.08. Silvaco Group, Inc. has a one year low of $3.07 and a one year high of $14.39. The firm has a market cap of $250.11 million, a price-to-earnings ratio of -10.25 and a beta of 0.63.
Silvaco Group (NASDAQ:SVCO - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $0.01 earnings per share for the quarter, hitting the consensus estimate of $0.01. The firm had revenue of $17.81 million for the quarter, compared to the consensus estimate of $17.90 million. Silvaco Group had a negative net margin of 30.43% and a negative return on equity of 15.63%. Equities analysts predict that Silvaco Group, Inc. will post -0.23 EPS for the current fiscal year.
Wall Street Analyst Weigh In
SVCO has been the subject of a number of recent research reports. Rosenblatt Securities reiterated a "buy" rating and issued a $14.00 target price on shares of Silvaco Group in a report on Friday, August 7th. Weiss Ratings upgraded Silvaco Group from a "sell (e+)" rating to a "sell (d-)" rating in a report on Friday, July 10th. Finally, Needham & Company LLC increased 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, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, Silvaco Group presently has an average rating of "Moderate Buy" and a consensus target price of $12.67.
View Our Latest Research Report on SVCO
Institutional Investors Weigh In On Silvaco Group
A number of hedge funds and other institutional investors have recently modified their holdings of SVCO. BlackRock Inc. purchased a new stake in shares of Silvaco Group during the 2nd quarter worth $11,080,000. Alyeska Investment Group L.P. raised its stake in Silvaco Group by 267.9% in the fourth quarter. Alyeska Investment Group L.P. now owns 732,824 shares of the company's stock valued at $2,968,000 after buying an additional 533,630 shares in the last quarter. Lynrock Lake LP raised its stake in Silvaco Group by 132.3% in the fourth quarter. Lynrock Lake LP now owns 472,764 shares of the company's stock valued at $1,915,000 after buying an additional 269,283 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Silvaco Group by 6.0% during the 3rd quarter. Vanguard Group Inc. now owns 401,649 shares of the company's stock worth $2,173,000 after buying an additional 22,682 shares during the last quarter. Finally, Algert Global LLC acquired a new position in shares of Silvaco Group during the 2nd quarter worth about $4,962,000.
About Silvaco Group
(
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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