Key Points
- CFO Christopher Zegarelli sold 39,662 Silvaco shares at an average $7.05, totaling about $279,617; the sale covered tax withholding on vested equity awards. He retained 500,662 shares.
- Silvaco’s latest quarter fell short of expectations: EPS was a loss of $0.04 versus analysts’ forecast of $0.01 earnings, while revenue was $16.29 million against expectations of $17.08 million.
- Analysts’ consensus rating is Moderate Buy, with an average price target of $13.75; recent targets were cut by TD Cowen and B. Riley.
Silvaco Group, Inc. (NASDAQ:SVCO - Get Free Report) CFO Christopher Zegarelli sold 39,662 shares of the firm's stock in a transaction on Monday, November 9th. The stock was sold at an average price of $7.05, for a total value of $279,617.10. Following the completion of the transaction, the chief financial officer directly owned 500,662 shares of the company's stock, valued at $3,529,667.10. The trade was a 7.34% decrease in their ownership of the stock. The transaction 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.
Christopher John Zegarelli also recently made the following trade(s):
- On Wednesday, August 12th, Christopher Zegarelli sold 2,257 shares of Silvaco Group stock. The shares were sold at an average price of $7.55, for a total value of $17,040.35.
Silvaco Group Stock Performance
NASDAQ:SVCO opened at $7.45 on Wednesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.09 and a current ratio of 2.09. 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 $254.79 million, a price-to-earnings ratio of -10.96 and a beta of 0.64. The business's fifty day moving average is $7.14 and its 200 day moving average is $7.74.
Silvaco Group (NASDAQ:SVCO - Get Free Report) last issued its quarterly earnings data on Wednesday, November 4th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.01 by ($0.05). Silvaco Group had a negative return on equity of 13.28% and a negative net margin of 30.45%. The company had revenue of $16.29 million for the quarter, compared to analysts' expectations of $17.08 million. Research analysts predict that Silvaco Group, Inc. will post -0.23 EPS for the current year.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on SVCO shares. Rosenblatt Securities reissued a "buy" rating and issued a $14.00 price target on shares of Silvaco Group in a report on Wednesday, September 23rd. Weiss Ratings restated a "sell (d-)" rating on shares of Silvaco Group in a research report on Tuesday, October 6th. TD Cowen decreased their price target on shares of Silvaco Group from $15.00 to $12.00 and set a "buy" rating on the stock in a report on Thursday, November 5th. Finally, B. Riley Financial reaffirmed a "buy" rating and issued a $11.00 price target (down from $16.00) on shares of Silvaco Group in a report on Monday, November 2nd. Four investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Silvaco Group currently has a consensus rating of "Moderate Buy" and an average price target of $13.75.
Read Our Latest Report on SVCO
Institutional Trading of Silvaco Group
Several institutional investors and hedge funds have recently modified their holdings of the business. Global Retirement Partners LLC purchased a new position in shares of Silvaco Group during the second quarter worth about $27,000. Quantbot Technologies LP bought a new position in shares of Silvaco Group in the second quarter worth approximately $28,000. State of Alaska Department of Revenue bought a new position in shares of Silvaco Group in the third quarter worth approximately $25,000. Bank of New York Mellon Corp increased its position in shares of Silvaco Group by 20.2% in the first quarter. Bank of New York Mellon Corp now owns 23,012 shares of the company's stock worth $163,000 after purchasing an additional 3,871 shares during the last quarter. Finally, State of Wyoming purchased a new stake in Silvaco Group in the third quarter valued at approximately $57,000.
Silvaco Group Company Profile
(
Get Free Report)
Silvaco Group, Inc. is a semiconductor design software and intellectual property company that provides electronic design automation (EDA) and technology computer-aided design (TCAD) solutions. Its products help semiconductor manufacturers and electronics companies develop, simulate, verify and optimize integrated circuits, semiconductor devices and related technologies. The company's offerings support multiple stages of the chip-development process, including process and device modeling, circuit simulation, physical design, layout automation and design-rule verification.
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