Silvaco Group announces CFO Ryan Benton’s resignation, effective April 11, 2025, with leadership transition details outlined.
Quiver AI Summary
Silvaco Group, Inc. announced the resignation of Chief Financial Officer Ryan Benton, effective April 11, 2025, as he pursues a new opportunity outside the semiconductor design industry. Benton will assist in the transition of his responsibilities before leaving, and his departure is not related to any disagreements with the company's operations. Following his resignation, Silvaco's CEO Dr. Babak Taheri will take on the roles of principal financial officer and principal accounting officer on an interim basis. Keith Tainsky, currently leading financial planning and analysis, will serve as the Interim Chief Financial Officer. Silvaco has initiated the search for Benton’s replacement and reaffirmed its financial guidance for the first quarter and fiscal year 2025, with results expected to be reported on May 7, 2025.
Potential Positives
- Chief Financial Officer Ryan Benton is leaving for a new opportunity, and his departure is confirmed to be amicable, which may indicate a stable internal culture.
- Dr. Babak Taheri, the CEO, will take on additional responsibilities as interim principal financial officer, ensuring continuity in leadership during the transition.
- Keith Tainsky, who has significant experience in financial roles within the semiconductor industry, will step into the role of Interim CFO, providing reassurance about the company’s financial management.
- Silvaco has reaffirmed its fiscal guidance for 2025, suggesting confidence in its financial outlook amidst the leadership change.
Potential Negatives
- Resignation of the CFO may create uncertainty among investors and stakeholders regarding the company's financial leadership and stability.
- The need to hire a new CFO could indicate potential challenges in retaining key management personnel, which may affect the company's operations and strategic direction.
- Dr. Babak Taheri, as Interim CFO, may not provide the level of financial oversight and expertise needed during this transitional period, potentially impacting investor confidence.
FAQ
Who has resigned from Silvaco Group, Inc.?
Ryan Benton, the Chief Financial Officer, has resigned from Silvaco to pursue a new career opportunity.
When is Ryan Benton's resignation effective?
His resignation is effective April 11, 2025.
Who will take over as interim CFO at Silvaco?
Dr. Babak Taheri will assume the roles of principal financial officer and principal accounting officer on an interim basis.
What expertise does Interim CFO Keith Tainsky bring to Silvaco?
Keith Tainsky has experience in CFO roles in the semiconductor industry, contributing to strategic financial planning and analysis.
What are Silvaco's expectations for fiscal 2025?
Silvaco has reaffirmed its previously disclosed guidance for the first quarter and full year fiscal 2025.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$SVCO Insider Trading Activity
$SVCO insiders have traded $SVCO stock on the open market 4 times in the past 6 months. Of those trades, 0 have been purchases and 4 have been sales.
Here’s a breakdown of recent trading of $SVCO stock by insiders over the last 6 months:
- ERIC GUICHARD (See Remarks) sold 25,000 shares for an estimated $179,855
- KATHERINE S. NGAI-PESIC sold 25,000 shares for an estimated $126,620
- YELENA I. PESIC sold 15,000 shares for an estimated $75,991
- ILLIYA I. PESIC sold 15,000 shares for an estimated $73,156
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$SVCO Hedge Fund Activity
We have seen 32 institutional investors add shares of $SVCO stock to their portfolio, and 44 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- SAMJO MANAGEMENT, LLC added 647,300 shares (+inf%) to their portfolio in Q4 2024, for an estimated $5,230,184
- TIMESSQUARE CAPITAL MANAGEMENT, LLC removed 538,125 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $7,695,187
- CITADEL ADVISORS LLC removed 410,566 shares (-89.6%) from their portfolio in Q4 2024, for an estimated $3,317,373
- CAPITAL RESEARCH GLOBAL INVESTORS added 239,631 shares (+19.9%) to their portfolio in Q4 2024, for an estimated $1,936,218
- KENNEDY CAPITAL MANAGEMENT LLC added 225,594 shares (+inf%) to their portfolio in Q4 2024, for an estimated $1,822,799
- BOSTON PARTNERS removed 217,339 shares (-90.1%) from their portfolio in Q4 2024, for an estimated $1,756,099
- LUMINUS MANAGEMENT LLC removed 187,374 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $1,513,981
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$SVCO Analyst Ratings
Wall Street analysts have issued reports on $SVCO in the last several months. We have seen 3 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Cowen & Co. issued a "Buy" rating on 11/13/2024
- Needham issued a "Buy" rating on 10/17/2024
- Craig-Hallum issued a "Buy" rating on 10/16/2024
To track analyst ratings and price targets for $SVCO, check out Quiver Quantitative's $SVCO forecast page.
$SVCO Price Targets
Multiple analysts have issued price targets for $SVCO recently. We have seen 3 analysts offer price targets for $SVCO in the last 6 months, with a median target of $18.0.
Here are some recent targets:
- Blair Abernethy from Rosenblatt Securities set a target price of $18.0 on 10/17/2024
- Charles Shi from Needham set a target price of $19.0 on 10/17/2024
- Christian Schwab from Craig-Hallum set a target price of $17.0 on 10/16/2024
Full Release
SANTA CLARA, Calif., March 21, 2025 (GLOBE NEWSWIRE) -- Silvaco Group, Inc. (Nasdaq: SVCO) (“Silvaco” or the “Company”), a provider of TCAD, EDA software and SIP solutions that enable semiconductor design and digital twin modeling through AI software and innovation, today announced that Chief Financial Officer, Ryan Benton, has resigned, effective April 11, 2025, to pursue a new career opportunity outside of the semiconductor design industry. Mr. Benton will assist the Company to ensure a successful transition of his responsibilities prior to his departure. His resignation is not the result of any disagreement regarding the Company’s operations, accounting, or other policies or practices.
Effective upon Mr. Benton’s resignation, Dr. Babak Taheri, Chief Executive Officer of the Company, will assume the roles of principal financial officer and principal accounting officer on an interim basis. Keith Tainsky, who leads the Company’s Financial Planning and Analysis function, will report directly to Dr. Taheri as Interim Chief Financial Officer upon Mr. Benton’s departure. Mr. Tainsky has held CFO and finance leadership positions at public and private companies in the semiconductor industry, including Exar Corporation and Amkor Technology. He joined Silvaco in 2023 and has been instrumental in the Company’s financial and business functions, including strategic planning, financings, mergers and acquisitions, and investor relations. In addition, Sherry Lin, Corporate Controller, will report directly to Dr. Taheri. She joined Silvaco in November 2023 and has been instrumental in leading the Company’s accounting and public company reporting function, preparation of periodic reports filed with the Securities and Exchange Commission, and establishing the Company’s internal controls over financial reporting.
Silvaco has begun the process of engaging a search firm to assist in identifying Mr. Benton’s replacement.
“On behalf of our employees and Board of Directors, I want to thank Ryan for his leadership and contributions to the financial management and strategic direction of the Company. We wish him much success in his future endeavors,” said Silvaco CEO Babak Taheri. “I have the utmost confidence in Keith’s ability to lead our finance organization and ensure a seamless transition. Keith’s experience and deep understanding of our financial operations will be instrumental as we enter a new chapter for the company.”
“It has been a privilege to serve on Silvaco’s leadership team, and I am proud of our accomplishments,” said Mr. Benton. “The dedicated team at Silvaco is well-positioned to continue executing on its strategic vision to create shareholder value.”
In addition to announcing the Chief Financial Officer transition, the Company today reaffirmed its previously disclosed guidance for the first quarter and full year fiscal 2025, as provided in the Company’s press release issued on March 5, 2025. The Company expects to report first quarter fiscal 2025 results on May 7, 2025.
Safe Harbor Statement
This press release contains forward-looking statements based on Silvaco's current expectations. The words “believe”, “estimate”, “expect”, “intend”, “anticipate”, “plan”, “project”, “will”, and similar phrases as they relate to Silvaco are intended to identify such forward-looking statements. These forward-looking statements reflect the current views and assumptions of Silvaco and are subject to various risks and uncertainties that could cause actual results to differ materially from expectations.
These forward-looking statements include but are not limited to, statements regarding our future operating results, financial position, and guidance, our business strategy and plans, our objectives for future operations, our development or delivery of new or enhanced products, and anticipated results of those products for our customers, our competitive positioning, projected costs, technological capabilities, and plans, and macroeconomic trends.
A variety of risks and factors that are beyond our control could cause actual results to differ materially from those in the forward-looking statements including, without limitation, the following: (a) market conditions; (b) anticipated trends, challenges and growth in our business and the markets in which we operate; (c) our ability to appropriately respond to changing technologies on a timely and cost-effective basis; (d) the size and growth potential of the markets for our software solutions, and our ability to serve those markets; (e) our expectations regarding competition in our existing and new markets; (f) the level of demand in our customers’ end markets; (g) regulatory developments in the United States and foreign countries; (h) changes in trade policies, including the imposition of tariffs; (i) proposed new software solutions, services or developments; (j) our ability to attract and retain key management personnel; (k) our customer relationships and our ability to retain and expand our customer relationships; (l) our ability to diversify our customer base and develop relationships in new markets; (m) the strategies, prospects, plans, expectations, and objectives of management for future operations; (n) public health crises, pandemics, and epidemics and their effects on our business and our customers’ businesses; (o) the impact of the current conflicts between Ukraine and Russia and Israel and Hamas and the ongoing trade disputes among the United States and China on our business, financial condition or prospects, including extreme volatility in the global capital markets making debt or equity financing more difficult to obtain, more costly or more dilutive, delays and disruptions of the global supply chains and the business activities of our suppliers, distributors, customers and other business partners; (p) changes in general economic or business conditions or economic or demographic trends in the United States and foreign countries including changes in tariffs, interest rates and inflation; (q) our ability to raise additional capital; (r) our ability to accurately forecast demand for our software solutions; (s) our expectations regarding the outcome of any ongoing litigation; (t) our expectations regarding the period during which we qualify as an emerging growth company under the JOBS Act and as a smaller reporting company under the Exchange Act; (u) our expectations regarding our ability to obtain, maintain, protect and enforce intellectual property protection for our technology; (v) our status as a controlled company; (w) our use of the net proceeds from our initial public offering, and (x) our ability to successfully integrate, retain key personnel, and realize the anticipated benefits of the acquisition of Cadence's PPC product line.
It is not possible for us to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results or outcomes to differ materially from those contained in any forward-looking statements we may make. Accordingly, you should not rely on any of the forward-looking statements. Additional information relating to the uncertainty affecting the Silvaco’s business is contained in Silvaco’s filings with the Securities and Exchange Commission. These documents are available on the SEC Filings section of the Investor Relations section of Silvaco’s website at http://investors.silvaco.com/ . These forward-looking statements represent Silvaco’s expectations as of the date of this press release. Subsequent events may cause these expectations to change, and Silvaco disclaims any obligations to update or alter these forward-looking statements in the future, whether as a result of new information, future events or otherwise.
About Silvaco
Silvaco is a provider of TCAD, EDA software, and SIP solutions that enable semiconductor design and digital twin modeling through AI software and innovation. Silvaco’s solutions are used for semiconductor and photonics processes, devices, and systems development across display, power devices, automotive, memory, high performance compute, foundries, photonics, internet of things, and 5G/6G mobile markets for complex SoC design. Silvaco is headquartered in Santa Clara, California, and has a global presence with offices located in North America, Europe, Brazil, China, Japan, Korea, Singapore, and Taiwan. Learn more at silvaco.com .
Investor Contact:
Greg McNiff
[email protected]
Media Contact:
Farhad Hayat
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