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

Shares of Silvaco Group, Inc. (NASDAQ:SVCO) have been assigned an average rating of “Moderate Buy” from the five brokerages that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $12.6667.

A number of analysts have recently issued reports on SVCO shares. Rosenblatt Securities raised their target price on shares of Silvaco Group from $9.00 to $14.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Needham & Company LLC upped their price target on shares of Silvaco Group from $10.00 to $18.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Finally, Weiss Ratings raised shares of Silvaco Group from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday.

Silvaco Group Trading Up 1.3%

SVCO opened at $10.22 on Wednesday. Silvaco Group has a 1-year low of $3.07 and a 1-year high of $14.39. The stock’s fifty day simple moving average is $11.28 and its 200 day simple moving average is $7.52. The stock has a market cap of $333.99 million, a PE ratio of -10.99 and a beta of 0.39.

Silvaco Group (NASDAQ:SVCO) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($0.02) earnings per share (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 $17.75 million during the quarter, compared to the consensus estimate of $17.04 million. Equities analysts forecast that Silvaco Group will post -0.23 earnings per share for the current year.

Insider Activity

In other news, Director Katherine S. Ngai-Pesic sold 200,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director owned 9,176,403 shares in the company, valued at $103,418,061.81. The trade was a 2.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 47.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Silvaco Group

Hedge funds have recently added to or reduced their stakes in the company. Alyeska Investment Group L.P. boosted its position in shares of Silvaco Group by 267.9% in the fourth quarter. Alyeska Investment Group L.P. now owns 732,824 shares of the company’s stock valued at $2,968,000 after acquiring an additional 533,630 shares during the period. Lynrock Lake LP increased its position in Silvaco Group by 132.3% during the fourth quarter. Lynrock Lake LP now owns 472,764 shares of the company’s stock worth $1,915,000 after acquiring an additional 269,283 shares during the period. Walleye Capital LLC increased its position in Silvaco Group by 2,239.8% during the first quarter. Walleye Capital LLC now owns 263,152 shares of the company’s stock worth $1,863,000 after acquiring an additional 251,905 shares during the period. Nano Cap New Millennium Growth Fund L P acquired a new stake in Silvaco Group in the 4th quarter worth about $1,012,000. Finally, Topline Capital Management LLC acquired a new stake in Silvaco Group in the 2nd quarter worth about $1,096,000.

Silvaco Group Company Profile

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.