First Eagle Investment Management LLC Sells 147,727 Shares of Silvaco Group, Inc. $SVCO

First Eagle Investment Management LLC lowered its position in shares of Silvaco Group, Inc. (NASDAQ:SVCO) by 19.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 627,211 shares of the company’s stock after selling 147,727 shares during the quarter. First Eagle Investment Management LLC’s holdings in Silvaco Group were worth $2,540,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of SVCO. Cinctive Capital Management LP acquired a new position in shares of Silvaco Group in the third quarter valued at about $487,000. Bank of America Corp DE raised its stake in Silvaco Group by 140.2% in the 3rd quarter. Bank of America Corp DE now owns 64,820 shares of the company’s stock worth $351,000 after purchasing an additional 37,832 shares in the last quarter. Bridgeway Capital Management LLC raised its stake in Silvaco Group by 59.2% in the 3rd quarter. Bridgeway Capital Management LLC now owns 39,800 shares of the company’s stock worth $215,000 after purchasing an additional 14,800 shares in the last quarter. Blair William & Co. IL boosted its holdings in Silvaco Group by 41.2% in the 3rd quarter. Blair William & Co. IL now owns 24,000 shares of the company’s stock valued at $130,000 after purchasing an additional 7,000 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in Silvaco Group by 6.0% in the 3rd quarter. Vanguard Group Inc. now owns 401,649 shares of the company’s stock valued at $2,173,000 after purchasing an additional 22,682 shares during the period.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on SVCO shares. Rosenblatt Securities raised their target price on shares of Silvaco Group from $9.00 to $14.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Needham & Company LLC boosted their price target on Silvaco Group from $10.00 to $18.00 and gave the company a “buy” rating in a research note on Monday. Wall Street Zen raised Silvaco Group from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Weiss Ratings upgraded Silvaco Group from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, April 24th. Finally, TD Cowen dropped their price objective on Silvaco Group from $8.00 to $6.00 and set a “buy” rating for the company in a report on Friday, March 13th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.67.

Silvaco Group Stock Up 0.1%

Shares of Silvaco Group stock opened at $10.67 on Thursday. Silvaco Group, Inc. has a 12-month low of $3.07 and a 12-month high of $12.81. The company has a market capitalization of $348.70 million, a price-to-earnings ratio of -11.47 and a beta of 0.88. The firm’s 50-day moving average price is $7.50 and its two-hundred day moving average price is $5.48.

Silvaco Group (NASDAQ:SVCO) last issued its earnings results on Thursday, May 7th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.03. Silvaco Group had a negative net margin of 41.65% and a negative return on equity of 21.93%. The company had revenue of $17.76 million during the quarter, compared to analysts’ expectations of $17.04 million. On average, sell-side analysts expect that Silvaco Group, Inc. will post -0.36 earnings per share for the current year.

Silvaco Group 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.