Silvaco Group, Inc. (NASDAQ:SVCO) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Silvaco Group, Inc. (NASDAQ:SVCO) have been assigned an average rating of “Moderate Buy” from the five ratings firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $12.6667.

Several research firms recently commented on SVCO. Needham & Company LLC upped their price objective on Silvaco Group from $10.00 to $18.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Rosenblatt Securities upped their price objective on Silvaco Group from $9.00 to $14.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Weiss Ratings upgraded Silvaco Group from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, April 24th. Wall Street Zen upgraded Silvaco Group from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Finally, TD Cowen dropped their price objective on Silvaco Group from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Friday, March 13th.

Silvaco Group Trading Up 6.1%

Silvaco Group stock opened at $12.17 on Friday. Silvaco Group has a 12 month low of $3.07 and a 12 month high of $14.14. The business’s 50 day simple moving average is $9.85 and its 200 day simple moving average is $6.34. The company has a market cap of $397.72 million, a price-to-earnings ratio of -13.09 and a beta of 0.75.

Silvaco Group (NASDAQ:SVCO) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.03. Silvaco Group had a negative return on equity of 21.93% and a negative net margin of 41.65%.The business had revenue of $17.76 million for the quarter, compared to the consensus estimate of $17.04 million. As a group, equities research analysts forecast that Silvaco Group will post -0.23 earnings per share for the current fiscal year.

Insider Activity

In other Silvaco Group news, Director Katherine S. Ngai-Pesic sold 200,000 shares of the stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $11.27, for a total transaction of $2,254,000.00. Following the sale, the director owned 9,176,403 shares in the company, valued at $103,418,061.81. This represents a 2.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold a total of 207,748 shares of company stock worth $2,313,721 in the last quarter. Corporate insiders own 47.90% of the company’s stock.

Institutional Investors Weigh In On Silvaco Group

Institutional investors have recently made changes to their positions in the stock. Wells Fargo & Company MN lifted its position in shares of Silvaco Group by 51.2% during the fourth quarter. Wells Fargo & Company MN now owns 9,093 shares of the company’s stock worth $37,000 after acquiring an additional 3,079 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Silvaco Group during the second quarter worth $38,000. HighTower Advisors LLC purchased a new stake in shares of Silvaco Group during the fourth quarter worth $41,000. Strs Ohio purchased a new stake in shares of Silvaco Group during the first quarter worth $50,000. Finally, Squarepoint Ops LLC purchased a new stake in shares of Silvaco Group during the fourth quarter worth $57,000.

About Silvaco Group

Silvaco Group, Inc is a provider of electronic design automation (EDA) software and semiconductor intellectual property (IP) solutions. Founded in 1984 and headquartered in Santa Clara, California, the company offers a suite of tools for process and device simulation, circuit design, verification, and physical implementation. Silvaco’s core product lines include technology computer-aided design (TCAD) for process modeling, SPICE circuit simulators for analog and digital analysis, and layout and parasitic extraction tools for physical verification.

In addition to its EDA software, Silvaco delivers semiconductor IP in areas such as memory compilers, interface IP (including USB, PCI Express and DDR), and embedded analog/mixed-signal cores.