Silvaco Group (NASDAQ:SVCO) Director Buys $13,070.00 in Stock

Silvaco Group, Inc. (NASDAQ:SVCO) Director Anthony K.K. Ngai purchased 1,000 shares of the business’s stock in a transaction on Friday, June 5th. The shares were purchased at an average price of $13.07 per share, with a total value of $13,070.00. Following the acquisition, the director directly owned 114,976 shares in the company, valued at $1,502,736.32. This represents a 0.88% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Silvaco Group Price Performance

NASDAQ SVCO opened at $11.48 on Thursday. The stock has a market capitalization of $375.18 million, a PE ratio of -12.34 and a beta of 0.75. The business has a 50 day simple moving average of $9.66 and a two-hundred day simple moving average of $6.25. Silvaco Group, Inc. has a 1-year low of $3.07 and a 1-year high of $14.14.

Silvaco Group (NASDAQ:SVCO) last released its quarterly earnings results on Thursday, May 7th. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.03. The business had revenue of $17.76 million during the quarter, compared to analysts’ expectations of $17.04 million. Silvaco Group had a negative return on equity of 21.93% and a negative net margin of 41.65%. On average, analysts anticipate that Silvaco Group, Inc. will post -0.23 EPS for the current fiscal year.

Institutional Trading of Silvaco Group

Several hedge funds and other institutional investors have recently bought and sold shares of SVCO. Bank of America Corp DE boosted its holdings in Silvaco Group by 627.6% during the 1st quarter. Bank of America Corp DE now owns 171,762 shares of the company’s stock valued at $1,216,000 after acquiring an additional 148,156 shares during the period. Renaissance Technologies LLC purchased a new position in Silvaco Group during the 1st quarter valued at $266,000. Walleye Capital LLC boosted its holdings in Silvaco Group by 2,239.8% during the 1st quarter. Walleye Capital LLC now owns 263,152 shares of the company’s stock valued at $1,863,000 after acquiring an additional 251,905 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Silvaco Group by 32.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 33,231 shares of the company’s stock valued at $235,000 after acquiring an additional 8,186 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in Silvaco Group by 20.2% during the 1st quarter. Bank of New York Mellon Corp now owns 23,012 shares of the company’s stock valued at $163,000 after acquiring an additional 3,871 shares during the period.

Wall Street Analysts Forecast Growth

SVCO has been the subject of several research analyst reports. Weiss Ratings upgraded Silvaco Group from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, April 24th. Wall Street Zen upgraded Silvaco Group from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. 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 report 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 report on Friday, March 13th. Finally, Needham & Company LLC boosted their target price on Silvaco Group from $10.00 to $18.00 and gave the company a “buy” rating in a research report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Sell rating to the company. According to MarketBeat, Silvaco Group has a consensus rating of “Moderate Buy” and a consensus target price of $12.67.

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.