Yiheng Capital Management L.P. Lowers Holdings in Silvaco Group, Inc. $SVCO

Yiheng Capital Management L.P. lowered its position in shares of Silvaco Group, Inc. (NASDAQ:SVCO) by 17.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 906,381 shares of the company’s stock after selling 189,901 shares during the quarter. Silvaco Group makes up approximately 4.3% of Yiheng Capital Management L.P.’s holdings, making the stock its 7th biggest holding. Yiheng Capital Management L.P.’s holdings in Silvaco Group were worth $12,499,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Walleye Capital LLC lifted its position in Silvaco Group by 2,239.8% during the 1st quarter. Walleye Capital LLC now owns 263,152 shares of the company’s stock worth $1,863,000 after buying an additional 251,905 shares in the last quarter. Lepercq De Neuflize Asset Management LLC bought a new position in Silvaco Group in the 4th quarter worth approximately $357,000. Algert Global LLC bought a new position in Silvaco Group in the 2nd quarter worth approximately $4,962,000. Nano Cap New Millennium Growth Fund L P acquired a new position in Silvaco Group during the 4th quarter worth $1,012,000. Finally, Panoramic Capital LLC acquired a new position in Silvaco Group during the 2nd quarter worth $1,034,000.

Wall Street Analyst Weigh In

A number of brokerages have commented on SVCO. Needham & Company LLC increased their price objective on Silvaco Group from $10.00 to $18.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Weiss Ratings raised Silvaco Group from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, July 10th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $14.00 price objective on shares of Silvaco Group in a research report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $12.67.

Insider Activity

In other news, Director Katherine S. Ngai-Pesic sold 200,000 shares of Silvaco Group stock in a transaction 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 transaction, the director owned 9,176,403 shares in the company, valued at approximately $103,418,061.81. This trade represents a 2.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last quarter, insiders have purchased 2,250 shares of company stock worth $24,848 and have sold 208,607 shares worth $2,316,712. Corporate insiders own 47.90% of the company’s stock.

Silvaco Group Price Performance

NASDAQ:SVCO opened at $6.86 on Monday. The firm has a market capitalization of $232.49 million, a price-to-earnings ratio of -9.53 and a beta of 0.64. Silvaco Group, Inc. has a twelve month low of $3.07 and a twelve month high of $14.39. The stock’s 50 day moving average price is $9.01 and its two-hundred day moving average price is $8.29.

Silvaco Group (NASDAQ:SVCO) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.01 EPS for the quarter, meeting analysts’ consensus estimates of $0.01. Silvaco Group had a negative return on equity of 15.29% and a negative net margin of 30.43%.The firm had revenue of $17.81 million for the quarter, compared to analyst estimates of $17.90 million. As a group, analysts anticipate that Silvaco Group, Inc. will post -0.23 earnings per share for the current year.

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.