Wall Street Zen Downgrades Silvaco Group (NASDAQ:SVCO) to Sell

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

Other analysts also recently issued research reports about the company. Weiss Ratings reissued a “sell (e+)” rating on shares of Silvaco Group in a research note on Thursday, January 22nd. Rosenblatt Securities reaffirmed a “buy” rating and set a $12.00 price objective on shares of Silvaco Group in a report on Tuesday, November 4th. Finally, Jefferies Financial Group raised shares of Silvaco Group to a “strong-buy” rating in a report on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $10.00.

Silvaco Group Stock Performance

SVCO opened at $4.48 on Friday. The stock has a market cap of $137.27 million, a price-to-earnings ratio of -4.35 and a beta of 3.31. The firm’s fifty day moving average is $4.39 and its 200 day moving average is $4.85. Silvaco Group has a fifty-two week low of $3.45 and a fifty-two week high of $8.90.

Silvaco Group (NASDAQ:SVCO) last issued its quarterly earnings results on Wednesday, November 12th. The company reported ($0.07) earnings per share (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 during the quarter, compared to analysts’ expectations of $15.95 million. On average, equities research analysts predict that Silvaco Group will post -0.76 earnings per share for the current year.

Insider Buying and Selling at Silvaco Group

In other Silvaco Group news, major shareholder Katherine S. Ngai-Pesic acquired 25,000 shares of the company’s stock in a transaction on Wednesday, December 10th. The stock was acquired at an average cost of $4.13 per share, with a total value of $103,250.00. Following the purchase, the insider directly owned 10,303,886 shares of the company’s stock, valued at approximately $42,555,049.18. This represents a 0.24% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Candace Jackson sold 8,300 shares of the business’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $4.25, for a total transaction of $35,275.00. Following the completion of the sale, the insider owned 43,069 shares in the company, valued at approximately $183,043.25. This trade represents a 16.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have purchased 78,100 shares of company stock worth $320,641. Company insiders own 38.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SVCO. Nisa Investment Advisors LLC increased its stake 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 acquiring an additional 5,160 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Silvaco Group in the 2nd quarter worth approximately $38,000. Strs Ohio bought a new position in shares of Silvaco Group during the 1st quarter valued at approximately $50,000. JPMorgan Chase & Co. increased its position 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 valued at $64,000 after purchasing an additional 2,895 shares during the last quarter. Finally, Blair William & Co. IL raised its holdings in Silvaco Group by 70.0% during the 2nd quarter. Blair William & Co. IL now owns 17,000 shares of the company’s stock valued at $80,000 after buying an additional 7,000 shares during the period.

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.