Silvaco Group, Inc. (NASDAQ:SVCO) Receives Average Rating of “Moderate Buy” from Analysts

Silvaco Group, Inc. (NASDAQ:SVCO) has received an average recommendation of “Moderate Buy” from the five analysts that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $10.00.

Several analysts have commented on the stock. Wall Street Zen downgraded shares of Silvaco Group from a “hold” rating to a “sell” rating in a report on Saturday, January 31st. Jefferies Financial Group upgraded shares of Silvaco Group to a “strong-buy” rating in a report on Tuesday, October 28th. Rosenblatt Securities reaffirmed 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 report on Thursday, January 22nd.

Silvaco Group Trading Up 8.4%

SVCO stock opened at $3.89 on Friday. Silvaco Group has a 1-year low of $3.45 and a 1-year high of $8.20. The firm has a market cap of $119.19 million, a PE ratio of -3.78 and a beta of 3.30. The business’s 50-day moving average price is $4.35 and its two-hundred day moving average price is $4.85.

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

Insider Transactions at Silvaco Group

In other Silvaco Group news, CEO Walden C. Rhines purchased 29,000 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The stock was bought at an average cost of $4.07 per share, with a total value of $118,030.00. Following the purchase, the chief executive officer directly owned 92,818 shares of the company’s stock, valued at $377,769.26. The trade was a 45.44% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Katherine S. Ngai-Pesic acquired 25,000 shares of the stock in a transaction dated Wednesday, December 10th. The stock was acquired at an average price of $4.13 per share, for a total transaction of $103,250.00. Following the completion of the acquisition, the insider directly owned 10,303,886 shares of the company’s stock, valued at $42,555,049.18. The trade was a 0.24% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 78,100 shares of company stock valued at $320,641 in the last ninety days. Corporate insiders own 38.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its stake in shares of Silvaco Group by 27.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 13,483 shares of the company’s stock worth $64,000 after purchasing an additional 2,895 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in Silvaco Group by 4,961.5% during the second 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. PDT Partners LLC raised its position in Silvaco Group by 35.1% during the second quarter. PDT Partners LLC now owns 25,969 shares of the company’s stock worth $123,000 after acquiring an additional 6,749 shares in the last quarter. Blair William & Co. IL raised its position in Silvaco Group by 70.0% during the second quarter. Blair William & Co. IL now owns 17,000 shares of the company’s stock worth $80,000 after acquiring an additional 7,000 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Silvaco Group in the second quarter valued at $38,000.

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.