Key Points
- Insider sale: Candace Jackson sold 3,500 Silvaco Group shares at an average of $7.00, generating $24,500 and reducing her ownership by 7.03% to 46,279 shares. She also sold 1,570 shares earlier in August.
- Stock and financial performance: SVCO opened at $6.73, below its 50-day and 200-day moving averages. The company matched quarterly earnings expectations at $0.01 per share but reported $17.81 million in revenue, slightly below estimates, and remains unprofitable.
- Analyst outlook: Analysts maintain a consensus “Moderate Buy” rating with an average price target of $12.67, despite one Sell rating. Recent institutional investors, including Goldman Sachs, Geode Capital and JPMorgan, increased their holdings.
Silvaco Group, Inc. (NASDAQ:SVCO - Get Free Report) insider Candace Jackson sold 3,500 shares of the firm's stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $7.00, for a total value of $24,500.00. Following the transaction, the insider owned 46,279 shares in the company, valued at approximately $323,953. This trade represents a 7.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Candace Jackson also recently made the following trade(s):
- On Wednesday, August 12th, Candace Jackson sold 1,570 shares of Silvaco Group stock. The stock was sold at an average price of $7.55, for a total value of $11,853.50.
Silvaco Group Stock Performance
Shares of NASDAQ SVCO opened at $6.73 on Thursday. The business's 50-day simple moving average is $9.26 and its 200-day simple moving average is $8.24. Silvaco Group, Inc. has a 52 week low of $3.07 and a 52 week high of $14.39. The firm has a market cap of $228.05 million, a price-to-earnings ratio of -9.35 and a beta of 0.63.
Silvaco Group (NASDAQ:SVCO - Get Free Report) last posted 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. Silvaco Group had a negative return on equity of 15.29% and a negative net margin of 30.43%.The firm had revenue of $17.81 million during the quarter, compared to analyst estimates of $17.90 million. As a group, equities research analysts forecast that Silvaco Group, Inc. will post -0.23 earnings per share for the current year.
Wall Street Analyst Weigh In
SVCO has been the topic of several recent analyst 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 research note on Friday, July 10th. Finally, Needham & Company LLC increased their target price on Silvaco Group from $10.00 to $18.00 and gave the company 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 assigned a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $12.67.
View Our Latest Stock Report on Silvaco Group
Institutional Investors Weigh In On Silvaco Group
A number of institutional investors have recently added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. bought a new stake in shares of Silvaco Group in the 1st quarter worth approximately $357,000. Goldman Sachs Group Inc. increased its position in shares of Silvaco Group by 249.1% during 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 during the period. Strs Ohio acquired a new position in shares of Silvaco Group in the first quarter valued at $50,000. Geode Capital Management LLC raised its stake in shares of Silvaco Group by 10.3% in the second quarter. Geode Capital Management LLC now owns 192,211 shares of the company's stock valued at $907,000 after purchasing an additional 18,022 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted 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 purchasing an additional 2,895 shares during the period.
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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