Silvaco Group, Inc. (NASDAQ:SVCO) Receives $10.00 Average Target Price from Analysts

Shares of Silvaco Group, Inc. (NASDAQ:SVCO) have earned an average recommendation of “Moderate Buy” from the five research firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $10.00.

A number of equities research analysts have commented on SVCO shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Silvaco Group in a research report on Thursday, January 22nd. Wall Street Zen downgraded shares of Silvaco Group from a “hold” rating to a “sell” rating in a research note on Saturday, January 31st.

Silvaco Group Stock Down 4.4%

Shares of NASDAQ:SVCO opened at $3.23 on Thursday. The firm’s 50 day moving average price is $4.04 and its 200 day moving average price is $4.71. The stock has a market cap of $98.97 million, a price-to-earnings ratio of -3.14 and a beta of 3.48. Silvaco Group has a fifty-two week low of $3.15 and a fifty-two week high of $6.57.

Insider Activity

In other Silvaco Group news, CEO Walden C. Rhines bought 13,100 shares of the business’s stock in a transaction dated Tuesday, December 9th. The shares were acquired at an average price of $4.01 per share, with a total value of $52,531.00. Following the transaction, the chief executive officer owned 105,918 shares of the company’s stock, valued at approximately $424,731.18. The trade was a 14.11% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Katherine S. Ngai-Pesic purchased 25,000 shares of the stock in a transaction that occurred 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 completion of the acquisition, the insider directly owned 10,303,886 shares of the company’s stock, valued at $42,555,049.18. This represents a 0.24% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have bought 39,100 shares of company stock valued at $160,011. Insiders own 38.40% of the company’s stock.

Institutional Trading of Silvaco Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Lepercq De Neuflize Asset Management LLC acquired a new stake in shares of Silvaco Group during the fourth quarter worth about $357,000. Lynrock Lake LP grew its stake in Silvaco Group by 132.3% during the 4th quarter. Lynrock Lake LP now owns 472,764 shares of the company’s stock worth $1,915,000 after buying an additional 269,283 shares during the last quarter. XTX Topco Ltd purchased a new position in Silvaco Group during the 4th quarter worth approximately $114,000. Quadrature Capital Ltd increased its position in Silvaco Group by 70.9% during the fourth quarter. Quadrature Capital Ltd now owns 31,682 shares of the company’s stock worth $128,000 after buying an additional 13,148 shares during the period. Finally, Cinctive Capital Management LP increased its position in Silvaco Group by 27.8% during the fourth quarter. Cinctive Capital Management LP now owns 115,000 shares of the company’s stock worth $466,000 after buying an additional 25,000 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.