SVB Financial Group (NASDAQ: SIVB) insider Michael Descheneaux sold 4,012 shares of the company in a trade on Monday, June 14. The shares were sold at an average price of $ 557.13, for a total transaction of $ 2,235,205.56. Following the closing of the transaction, the insider now directly owns 20,680 shares of the company, valued at $ 11,521,448.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
NASDAQ: SIVB shares traded up $ 16.83 in Wednesday’s session, reaching $ 567.06. The stock had a trade volume of 551,744 shares, compared to an average volume of 484,108. SVB Financial Group has a one-year low of $ 199.70 and a one-year high of $ 608.84. The company has a market cap of $ 30.80 billion, a P / E ratio of 18.70, a P / E / G ratio of 2.44 and a beta of 2.06. The company has a debt ratio of 0.15, a current ratio of 0.59, and a rapid ratio of 0.59. The stock has a 50-day moving average of $ 560.84.
SVB Financial Group (NASDAQ: SIVB) last released its quarterly results on Thursday, April 22. The bank reported earnings per share of $ 10.03 for the quarter, beating analyst consensus estimates of $ 6.94 from $ 3.09. SVB Financial Group generated a net margin of 34.63% and a return on equity of 20.13%. The company posted revenue of $ 1.40 billion for the quarter, compared to analysts’ expectations of $ 1.18 billion. During the same period last year, the company earned $ 2.55 per share. The company’s revenue increased 69.9% compared to the same quarter last year. As a group, analysts predict that SVB Financial Group will post 28.81 earnings per share for the current year.
The SIVB has been the subject of several analyst reports. Piper Sandler raised her price target for SVB Financial Group shares from $ 600.00 to $ 650.00 and rated the company as “overweight” in a report released on Tuesday, May 11. Zacks investment research downgrades SVB Financial Group shares from a “strong buy” rating to a “hold” rating and has set a price target of $ 547.00 on the stock. in a research report on Tuesday, March 23. Maxim Group raised its price target on SVB Financial Group shares from $ 600.00 to $ 700.00 in a research report on Monday April 26. JPMorgan Chase & Co. raised its price target on SVB Financial Group shares from $ 650.00 to $ 725.00 in a research report released on Friday, April 23. Finally, the Royal Bank of Canada raised its price target on SVB Financial Group shares from $ 560.00 to $ 590.00 and gave the company an “outperformance” rating in a research report on Friday 23rd. April. Six research analysts rated the stock with a conservation rating and eight issued a buy rating for the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $ 566.60.
Institutional investors and hedge funds recently bought and sold shares in the company. SOA Wealth Advisors LLC. acquired a new stake in SVB Financial Group in the 4th quarter for a value of $ 26,000. Logan Capital Management Inc. acquired a new stake in SVB Financial Group during the 1st quarter for a value of $ 30,000. Abundance Wealth Counselors acquired a new stake in SVB Financial Group during the 1st quarter for a value of $ 31,000. Veriti Management LLC acquired a new stake in SVB Financial Group during the 4th quarter valued at $ 29,000. Finally, IronBridge Private Wealth LLC acquired a new position in shares of SVB Financial Group during the 4th quarter valued at approximately $ 29,000. 90.00% of the capital is held by institutional investors.
SVB Financial Group Company Profile
SVB Financial Group, a diversified financial services company, offers a variety of banking and financial products and services. The company operates through four segments: Global Commercial Bank, SVB Private Bank, SVB Capital and SVB Leerink. The Global Commercial Bank segment offers deposit products, such as business verification and analysis, money market, multi-currency accounts, in-country banking and scanning accounts, as well as merchant, remote capture, safe, electronic deposit capture and fraud control. ; credit solutions including term loans, equipment and asset loans, revolving lines of credit and credit card programs, as well as mezzanine loans, acquisition finance and working capital facilities ‘business ; and payment and cash management products and services, including bank transfers and automated clearing house payments, bill payments, debit and credit cards, account analysis and disbursements, as well as online and mobile banking.
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7 semiconductor stocks poised to benefit from chip shortage
Who knew that something so small could create such a big problem? However, this is the case with the semiconductor industry. Chipmakers face supply chain disruptions due to the Covid-19 pandemic.
Semiconductors are in high demand by large tech companies who need chips to power their data center servers. But they are also needed for much of the technology we take for granted, including laptops, tablets, cellphones, game consoles and automobiles – a sector that appears to be the source of the crisis. current.
Any weekend mechanic knows that even traditional internal combustion cars rely heavily on electronics. In fact, electronic parts and components make up 40% of a new internal combustion vehicle. This has more than doubled since 2000.
However, it turns out that some manufacturers may have overestimated how long consumers would be ready for an “all-electric” future. And that meant they hadn’t anticipated the scale of demand for the kind of chips needed to perform the mundane but vital tasks of steering, braking, and even turning on and lowering windows.
Part of the problem is that American companies rely heavily on countries like China and Taiwan for their semiconductors. In fact, only about 12.5% of semiconductor manufacturing is done in the United States.
Of course, this creates a tremendous opportunity for the companies that make these chips. And it comes at the right time. The semiconductor industry is notoriously cyclical and was coming back down from high demand for building 5G.
In this special talk, we’ll give you a list of seven semiconductor companies you can invest in to take advantage of this opportunity.
Check out “7 Semiconductor Stocks Ready to Take Advantage of Chip Shortage.”