Silvaco Group (NASDAQ:SVCO) Downgraded to “Sell” Rating by Wall Street Zen

Silvaco Group (NASDAQ:SVCO) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Friday.

Several other analysts also recently weighed in on the stock. Jefferies Financial Group raised shares of Silvaco Group to a “strong-buy” rating in a report on Tuesday, October 28th. Rosenblatt Securities restated a “buy” rating and issued a $12.00 price objective on shares of Silvaco Group in a research report on Tuesday, November 4th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Silvaco Group in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $10.00.

Silvaco Group Trading Up 0.2%

Shares of SVCO stock opened at $4.96 on Friday. The company has a market cap of $151.97 million, a P/E ratio of -4.82 and a beta of 3.31. The firm has a fifty day moving average price of $4.35 and a 200 day moving average price of $4.87. Silvaco Group has a 12 month low of $3.45 and a 12 month high of $9.93.

Silvaco Group (NASDAQ:SVCO) last released its quarterly earnings results on Wednesday, November 12th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.03). The firm had revenue of $18.67 million for the quarter, compared to analyst estimates of $15.95 million. Silvaco Group had a negative return on equity of 15.53% and a negative net margin of 47.59%. On average, equities analysts forecast that Silvaco Group will post -0.76 EPS for the current year.

Insider Activity at Silvaco Group

In related news, CEO Walden C. Rhines acquired 13,100 shares of the firm’s stock in a transaction that occurred on Tuesday, December 9th. The shares were purchased at an average price of $4.01 per share, with a total value of $52,531.00. Following the completion of the acquisition, the chief executive officer owned 105,918 shares in the company, valued at approximately $424,731.18. This represents a 14.11% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Katherine S. Ngai-Pesic bought 25,000 shares of the stock in a transaction on Wednesday, December 10th. The shares were bought at an average price of $4.13 per share, for a total transaction of $103,250.00. Following the completion of the transaction, the insider directly owned 10,303,886 shares of the company’s stock, valued at $42,555,049.18. This trade represents a 0.24% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 78,100 shares of company stock worth $320,641 over the last three months. 38.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Silvaco Group

Several hedge funds have recently bought and sold shares of the company. Jacobs Levy Equity Management Inc. acquired a new position in Silvaco Group during the first quarter worth $357,000. Goldman Sachs Group Inc. increased its position in shares of Silvaco Group by 249.1% in the first quarter. Goldman Sachs Group Inc. now owns 106,051 shares of the company’s stock valued at $484,000 after buying an additional 75,675 shares in the last quarter. Strs Ohio purchased a new position in shares of Silvaco Group in the first quarter valued at $50,000. Blair William & Co. IL raised its stake in shares of Silvaco Group by 70.0% during the 2nd quarter. Blair William & Co. IL now owns 17,000 shares of the company’s stock worth $80,000 after buying an additional 7,000 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in shares of Silvaco Group by 4,961.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 5,264 shares of the company’s stock worth $25,000 after buying an additional 5,160 shares during the last quarter.

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.