Intel stock extends gains after report of possible U.S. government stake
In a recent transaction, Katherine Ngai-Pesic, a director and member of a 10% owner group at Silvaco Group, Inc. (NASDAQ:SVCO), sold 25,000 shares of common stock. The company, currently valued at $143 million, has seen its stock decline significantly, down 74% over the past year according to InvestingPro data. The shares were sold at a weighted average price of $5.0648, amounting to a total value of $126,620. This sale was conducted as part of Ngai-Pesic’s pre-established 10b5-1 plan, which allows for planned stock transactions. Following this sale, Ngai-Pesic retains ownership of 10,461,105 shares in the company. Despite recent price weakness, InvestingPro analysis shows the company maintains strong financial fundamentals with a current ratio of 3.11 and impressive gross profit margins of 80%.
The shares were sold in multiple transactions with prices ranging from $4.96 to $5.17. According to the 10b5-1 plan, Ngai-Pesic may sell up to an additional 180,000 shares if Silvaco’s stock price reaches certain thresholds between $9.98 and $19.98. For comprehensive insider trading analysis and 10+ additional ProTips, visit InvestingPro, where you’ll find detailed research reports covering 1,400+ US stocks.
In other recent news, Silvaco Group Inc. reported better-than-expected earnings for the fourth quarter of 2024, with earnings per share reaching $0.15, surpassing the forecast of $0.08. The company’s revenue for the quarter increased by 43% year-over-year, reaching $17.9 million. For the full year, Silvaco’s revenue rose to $59.7 million, marking a 10% increase from 2023. Silvaco’s strategic acquisitions, including Cadence’s Optical Proximity Correction product line, played a significant role in this growth. The company ended 2024 with substantial cash reserves of $87.5 million. Looking ahead, Silvaco projects revenue for 2025 to range from $66 million to $72 million. Analysts from firms like Needham and Rosenblatt Securities have shown interest in the company’s strategic moves and growth prospects. Despite a strong financial performance, the stock experienced a decline in aftermarket trading, which may reflect broader market trends or investor concerns.
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