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

Silvaco Group, Inc. (NASDAQ:SVCO) has been assigned an average rating of “Moderate Buy” from the five research firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $12.6667.

A number of research firms recently commented on SVCO. Rosenblatt Securities reiterated a “buy” rating and issued a $14.00 price target on shares of Silvaco Group in a research note on Friday, August 7th. Weiss Ratings upgraded Silvaco Group from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, July 10th. Finally, Needham & Company LLC increased their target price on Silvaco Group from $10.00 to $18.00 and gave the stock a “buy” rating in a report on Monday, May 11th.

Insider Buying and Selling at Silvaco Group

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 value of $2,254,000.00. Following the completion of the sale, the director directly owned 9,176,403 shares in the company, valued at approximately $103,418,061.81. The trade was a 2.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders purchased 2,250 shares of company stock valued at $24,848 and sold 208,607 shares valued at $2,316,712. Company insiders own 47.90% of the company’s stock.

Hedge Funds Weigh In On Silvaco Group

Hedge funds have recently added to or reduced their stakes in the business. Panoramic Capital LLC acquired a new stake in shares of Silvaco Group during the second quarter worth $1,034,000. Bank of America Corp DE acquired a new position in shares of Silvaco Group in the 2nd quarter valued at about $2,270,000. Algert Global LLC bought a new stake in shares of Silvaco Group during the 2nd quarter valued at about $4,962,000. Quantbot Technologies LP bought a new stake in shares of Silvaco Group during the 2nd quarter valued at about $28,000. Finally, BlackRock Inc. acquired a new stake in Silvaco Group during the second quarter worth about $11,080,000.

Silvaco Group Price Performance

SVCO opened at $6.24 on Thursday. Silvaco Group has a 12-month low of $3.07 and a 12-month high of $14.39. The stock has a market capitalization of $211.47 million, a PE ratio of -8.67 and a beta of 0.58. The firm’s fifty day moving average price is $8.65 and its 200 day moving average price is $8.35.

Silvaco Group (NASDAQ:SVCO) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.01 earnings per share for the quarter, hitting the consensus estimate of $0.01. The company had revenue of $17.81 million during the quarter, compared to analyst estimates of $17.90 million. Silvaco Group had a negative net margin of 30.43% and a negative return on equity of 15.29%. On average, equities research analysts forecast 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.