Nano Cap New Millennium Growth Fund L P Invests $1.01 Million in Silvaco Group, Inc. $SVCO

Nano Cap New Millennium Growth Fund L P bought a new stake in Silvaco Group, Inc. (NASDAQ:SVCO) in the 4th quarter, Holdings Channel.com reports. The fund bought 250,000 shares of the company’s stock, valued at approximately $1,012,000.

Several other institutional investors have also recently added to or reduced their stakes in SVCO. Raymond James Financial Inc. acquired a new position in Silvaco Group in the second quarter valued at $38,000. HighTower Advisors LLC acquired a new position in Silvaco Group in the fourth quarter valued at $41,000. Strs Ohio acquired a new position in Silvaco Group in the first quarter valued at $50,000. JPMorgan Chase & Co. increased its stake in Silvaco Group by 27.3% in the second quarter. JPMorgan Chase & Co. now owns 13,483 shares of the company’s stock valued at $64,000 after purchasing an additional 2,895 shares during the last quarter. Finally, Bridgeway Capital Management LLC acquired a new position in Silvaco Group in the second quarter valued at $118,000.

Silvaco Group Price Performance

Shares of NASDAQ:SVCO opened at $9.48 on Friday. The firm has a market capitalization of $309.81 million, a PE ratio of -10.19 and a beta of 0.88. The business has a 50-day moving average of $8.27 and a two-hundred day moving average of $5.64. Silvaco Group, Inc. has a 12 month low of $3.07 and a 12 month high of $12.81.

Silvaco Group (NASDAQ:SVCO) last issued its earnings results on Thursday, May 7th. The company reported ($0.02) earnings per share for the quarter, topping 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 company had revenue of $17.76 million during the quarter, compared to the consensus estimate of $17.04 million. As a group, research analysts anticipate that Silvaco Group, Inc. will post -0.36 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently commented on SVCO. Rosenblatt Securities upped their target price on Silvaco Group from $9.00 to $14.00 and gave the company a “buy” rating in a research note on Friday, May 8th. TD Cowen dropped their target price on Silvaco Group from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Friday, March 13th. Needham & Company LLC upped their target price on Silvaco Group from $10.00 to $18.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Wall Street Zen upgraded Silvaco Group from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Finally, Weiss Ratings upgraded Silvaco Group from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Silvaco Group presently has an average rating of “Moderate Buy” and a consensus target price of $12.67.

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.