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

Shares of Silvaco Group, Inc. (NASDAQ:SVCO) have received an average rating of “Moderate Buy” from the five research firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $12.6667.

A number of brokerages have recently commented on SVCO. TD Cowen lowered 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. Weiss Ratings downgraded shares of Silvaco Group from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, June 12th. Needham & Company LLC lifted their target price on Silvaco Group from $10.00 to $18.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Wall Street Zen raised Silvaco Group from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Finally, Rosenblatt Securities lifted their target price on Silvaco Group from $9.00 to $14.00 and gave the company a “buy” rating in a research note on Friday, May 8th.

Silvaco Group Stock Up 5.4%

Shares of NASDAQ SVCO opened at $12.63 on Friday. The stock has a market capitalization of $412.75 million, a P/E ratio of -13.58 and a beta of 0.75. Silvaco Group has a 52-week low of $3.07 and a 52-week high of $14.14. The stock’s 50 day moving average price is $10.16 and its two-hundred day moving average price is $6.52.

Silvaco Group (NASDAQ:SVCO) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.03. The firm had revenue of $17.76 million for the quarter, compared to analyst estimates of $17.04 million. Silvaco Group had a negative net margin of 41.65% and a negative return on equity of 21.93%. On average, analysts anticipate that Silvaco Group will post -0.23 EPS for the current year.

Insiders Place Their Bets

In other Silvaco Group news, Director Katherine S. Ngai-Pesic sold 200,000 shares of Silvaco Group stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $11.27, for a total transaction of $2,254,000.00. Following the transaction, 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders sold 206,248 shares of company stock worth $2,306,221. Insiders own 47.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SVCO. Alyeska Investment Group L.P. grew its stake in Silvaco Group by 267.9% in the fourth quarter. Alyeska Investment Group L.P. now owns 732,824 shares of the company’s stock valued at $2,968,000 after purchasing an additional 533,630 shares in the last quarter. Lynrock Lake LP grew its stake in Silvaco Group by 132.3% in the fourth quarter. Lynrock Lake LP now owns 472,764 shares of the company’s stock valued at $1,915,000 after purchasing an additional 269,283 shares in the last quarter. Walleye Capital LLC grew its stake in Silvaco Group by 2,239.8% in the first quarter. Walleye Capital LLC now owns 263,152 shares of the company’s stock valued at $1,863,000 after purchasing an additional 251,905 shares in the last quarter. Nano Cap New Millennium Growth Fund L P purchased a new position in Silvaco Group in the fourth quarter valued at about $1,012,000. Finally, Topline Capital Management LLC purchased a new position in Silvaco Group in the second quarter valued at about $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.