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

Shares of Silvaco Group, Inc. (NASDAQ:SVCO) have been assigned a consensus rating of “Moderate Buy” from the five research firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $9.3333.

SVCO has been the topic of several recent analyst reports. TD Cowen reduced their price target on Silvaco Group from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Friday, March 13th. Wall Street Zen upgraded Silvaco Group from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. Needham & Company LLC reaffirmed a “buy” rating and issued a $10.00 price objective on shares of Silvaco Group in a research report on Monday, March 16th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Silvaco Group in a research note on Thursday, January 22nd.

Silvaco Group Stock Performance

Shares of NASDAQ:SVCO opened at $6.90 on Monday. Silvaco Group has a 12 month low of $3.07 and a 12 month high of $7.44. The company has a market capitalization of $216.94 million, a price-to-earnings ratio of -4.89 and a beta of 3.48. The firm’s 50-day moving average is $4.39 and its 200 day moving average is $4.75.

Silvaco Group (NASDAQ:SVCO) last announced its earnings results on Thursday, March 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.09. The business had revenue of $18.25 million during the quarter, compared to analyst estimates of $16.38 million. Silvaco Group had a negative return on equity of 23.01% and a negative net margin of 65.34%.The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, equities analysts forecast that Silvaco Group will post -0.76 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Alyeska Investment Group L.P. lifted its holdings in Silvaco Group by 267.9% during the 4th quarter. Alyeska Investment Group L.P. now owns 732,824 shares of the company’s stock valued at $2,968,000 after buying an additional 533,630 shares in the last quarter. Lynrock Lake LP grew its stake in Silvaco Group by 132.3% in the 4th quarter. Lynrock Lake LP now owns 472,764 shares of the company’s stock worth $1,915,000 after acquiring an additional 269,283 shares in the last quarter. Vanguard Group Inc. grew its stake in Silvaco Group by 6.0% in the 3rd quarter. Vanguard Group Inc. now owns 401,649 shares of the company’s stock worth $2,173,000 after acquiring an additional 22,682 shares in the last quarter. Nano Cap New Millennium Growth Fund L P purchased a new position in shares of Silvaco Group during the fourth quarter worth approximately $1,012,000. Finally, Topline Capital Management LLC purchased a new position in shares of Silvaco Group during the second quarter worth approximately $1,096,000.

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.