Key Points
- Silvaco insider Candace Jackson sold 3,000 shares for $22,350 at an average price of $7.45, reducing her holdings by 6.71% to 41,722 shares. She also made two other sales reported in the article.
- Silvaco’s latest quarter missed expectations: it reported a loss of $0.04 per share and revenue of $16.29 million, below analyst estimates of $0.01 EPS and $17.08 million in revenue.
- SVCO traded at $7.13, while analysts held a “Moderate Buy” consensus rating and an average price target of $13.75; one analyst rated it Sell.
Silvaco Group, Inc. (NASDAQ:SVCO - Get Free Report) insider Candace Jackson sold 3,000 shares of the firm's stock in a transaction that occurred on Thursday, November 12th. The shares were sold at an average price of $7.45, for a total value of $22,350.00. Following the completion of the sale, the insider directly owned 41,722 shares of the company's stock, valued at $310,828.90. This represents a 6.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Candace Jackson also recently made the following trade(s):
- On Monday, November 9th, Candace Jackson sold 1,557 shares of Silvaco Group stock. The shares were sold at an average price of $7.05, for a total value of $10,976.85.
- On Tuesday, August 25th, Candace Jackson sold 3,500 shares of Silvaco Group stock. The stock was sold at an average price of $7.00, for a total value of $24,500.00.
Silvaco Group Price Performance
SVCO stock traded down $0.32 on Friday, reaching $7.13. 179,361 shares of the company's stock were exchanged, compared to its average volume of 290,758. The stock has a fifty day moving average of $7.20 and a 200-day moving average of $7.78. The firm has a market cap of $243.85 million, a PE ratio of -10.49 and a beta of 0.64. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.12. Silvaco Group, Inc. has a twelve month low of $3.07 and a twelve month high of $14.39.
Silvaco Group (NASDAQ:SVCO - Get Free Report) last released its earnings results on Wednesday, November 4th. The company reported ($0.04) EPS for the quarter, missing analysts' consensus estimates of $0.01 by ($0.05). The business had revenue of $16.29 million during the quarter, compared to analyst estimates of $17.08 million. Silvaco Group had a negative net margin of 30.45% and a negative return on equity of 13.28%. As a group, equities analysts predict that Silvaco Group, Inc. will post -0.23 EPS for the current fiscal year.
Hedge Funds Weigh In On Silvaco Group
Several hedge funds have recently bought and sold shares of the company. Bank of America Corp DE acquired a new stake in Silvaco Group in the second quarter valued at $2,270,000. Walleye Capital LLC raised its stake in shares of Silvaco Group by 2,239.8% during the 1st quarter. Walleye Capital LLC now owns 263,152 shares of the company's stock worth $1,863,000 after buying an additional 251,905 shares during the last quarter. BlackRock Inc. acquired a new position in shares of Silvaco Group during the 2nd quarter worth $11,080,000. Algert Global LLC acquired a new position in shares of Silvaco Group during the 2nd quarter worth $4,962,000. Finally, Panoramic Capital LLC acquired a new position in shares of Silvaco Group during the 2nd quarter worth $1,034,000.
Wall Street Analysts Forecast Growth
SVCO has been the subject of a number of research analyst reports. Weiss Ratings reiterated a "sell (d-)" rating on shares of Silvaco Group in a report on Tuesday, October 6th. TD Cowen decreased their price objective 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. Rosenblatt Securities reissued a "buy" rating and set a $14.00 price objective on shares of Silvaco Group in a report on Wednesday, September 23rd. Finally, B. Riley Financial restated a "buy" rating and set a $11.00 target price (down from $16.00) on shares of Silvaco Group in a research report on Monday, November 2nd. Four research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $13.75.
Check Out Our Latest Stock Analysis on Silvaco Group
About Silvaco Group
(
Get Free Report)
Silvaco Group develops software and intellectual property used in the design and development of semiconductor devices and integrated circuits. Its products serve semiconductor companies and other organizations involved in electronics design and manufacturing. The company's offerings include technology computer-aided design (TCAD) tools, which simulate semiconductor processes and device behavior, and electronic design automation (EDA) software for designing and verifying integrated circuits. Silvaco also provides semiconductor IP, including memory and interface solutions, and offers cloud-based access to some of its tools.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
