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

Shares of Silvaco Group, Inc. (NASDAQ:SVCO) have received an average rating of “Moderate Buy” from the five brokerages that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $12.6667.

Several analysts recently weighed in on the company. Weiss Ratings raised Silvaco Group from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, July 10th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $14.00 price objective on shares of Silvaco Group in a report on Friday. Finally, Needham & Company LLC raised 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.

Insider Activity at Silvaco Group

In related news, Director Katherine S. Ngai-Pesic sold 200,000 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were 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 directly owned 9,176,403 shares of the company’s stock, valued at $103,418,061.81. This represents a 2.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 47.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Silvaco Group

Several hedge funds have recently made changes to their positions in SVCO. Walleye Capital LLC lifted its position in shares of Silvaco Group by 2,239.8% in the first quarter. Walleye Capital LLC now owns 263,152 shares of the company’s stock worth $1,863,000 after purchasing an additional 251,905 shares in the last quarter. Lepercq De Neuflize Asset Management LLC acquired a new position in Silvaco Group during the fourth quarter worth $357,000. Nano Cap New Millennium Growth Fund L P acquired a new stake in shares of Silvaco Group in the fourth quarter worth about $1,012,000. R Squared Ltd acquired a new position in shares of Silvaco Group during the 1st quarter valued at about $99,000. Finally, Squarepoint Ops LLC bought a new position in shares of Silvaco Group in the 4th quarter valued at approximately $57,000.

Silvaco Group Price Performance

Shares of Silvaco Group stock opened at $7.78 on Friday. Silvaco Group has a 1-year low of $3.07 and a 1-year high of $14.39. The business has a 50-day moving average of $10.67 and a 200-day moving average of $7.85. The company has a market capitalization of $254.25 million, a PE ratio of -8.37 and a beta of 0.39.

Silvaco Group (NASDAQ:SVCO) last announced its earnings results on Thursday, May 7th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.03. The company had revenue of $17.75 million for the quarter, compared to analyst estimates 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, equities analysts expect that Silvaco Group will post -0.23 earnings per share for the current fiscal year.

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.