Silvaco Group, Inc. (NASDAQ:SVCO) Given Consensus Recommendation of “Moderate Buy” by Analysts

Silvaco Group, Inc. (NASDAQ:SVCO) has received a consensus rating of “Moderate Buy” from the five analysts that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $12.6667.

SVCO has been the subject of a number of recent research reports. Wall Street Zen upgraded shares of Silvaco Group from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Rosenblatt Securities upped their target price on shares of Silvaco Group from $9.00 to $14.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Needham & Company LLC increased their price target on shares of Silvaco Group from $10.00 to $18.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. TD Cowen cut their price target on shares of Silvaco Group from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Friday, March 13th. Finally, Weiss Ratings downgraded Silvaco Group from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, June 12th.

Insider Buying and Selling

In related news, Director Katherine S. Ngai-Pesic sold 200,000 shares of the business’s 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 sale, the director owned 9,176,403 shares of the company’s stock, valued at $103,418,061.81. The trade was a 2.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 47.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Silvaco Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. Lepercq De Neuflize Asset Management LLC acquired a new stake in shares of Silvaco Group during the 4th quarter worth about $357,000. Nano Cap New Millennium Growth Fund L P acquired a new position in Silvaco Group in the fourth quarter valued at about $1,012,000. Squarepoint Ops LLC bought a new stake in Silvaco Group during the fourth quarter worth about $57,000. Strs Ohio bought a new stake in Silvaco Group during the first quarter worth about $50,000. Finally, HighTower Advisors LLC bought a new stake in Silvaco Group during the fourth quarter worth about $41,000.

Silvaco Group Trading Down 11.1%

SVCO opened at $9.96 on Wednesday. The stock has a market cap of $325.49 million, a PE ratio of -10.71 and a beta of 0.39. Silvaco Group has a 1 year low of $3.07 and a 1 year high of $14.39. The stock’s 50 day simple moving average is $11.27 and its 200-day simple moving average is $7.30.

Silvaco Group (NASDAQ:SVCO) last issued its earnings results on Thursday, May 7th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.03. Silvaco Group had a negative return on equity of 21.93% and a negative net margin of 41.65%.The firm had revenue of $17.75 million during the quarter, compared to analysts’ expectations of $17.04 million. Equities 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.