Analysts Set Silvaco Group, Inc. (NASDAQ:SVCO) PT at $12.67

Shares of Silvaco Group, Inc. (NASDAQ:SVCO) have been given an average recommendation of “Moderate Buy” by the five analysts that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $12.6667.

SVCO has been the subject of several research analyst reports. Wall Street Zen raised shares of Silvaco Group from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. 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. Rosenblatt Securities boosted their target price on shares of Silvaco Group from $9.00 to $14.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Needham & Company LLC boosted their target price 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. Finally, TD Cowen dropped their target price on shares of Silvaco Group from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Friday, March 13th.

Insider Buying and Selling at Silvaco Group

In other news, Director Katherine S. Ngai-Pesic sold 200,000 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $11.27, for a total value of $2,254,000.00. Following the completion of the sale, the director owned 9,176,403 shares of the company’s stock, valued at approximately $103,418,061.81. The trade was a 2.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders have sold 206,248 shares of company stock valued at $2,306,221. 47.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Silvaco Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. bought a new stake in shares of Silvaco Group in the 2nd quarter worth about $38,000. Wells Fargo & Company MN grew its position in shares of Silvaco Group by 51.2% during the 4th quarter. Wells Fargo & Company MN now owns 9,093 shares of the company’s stock valued at $37,000 after buying an additional 3,079 shares during the last quarter. HighTower Advisors LLC bought a new stake in shares of Silvaco Group during the 4th quarter valued at about $41,000. Strs Ohio bought a new stake in shares of Silvaco Group during the 1st quarter valued at about $50,000. Finally, JPMorgan Chase & Co. grew 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 buying an additional 2,895 shares during the last quarter.

Silvaco Group Price Performance

Shares of SVCO stock opened at $13.35 on Friday. Silvaco Group has a 12 month low of $3.07 and a 12 month high of $14.14. The firm has a market capitalization of $436.28 million, a P/E ratio of -14.35 and a beta of 0.75. The company’s fifty day moving average price is $10.40 and its two-hundred day moving average price is $6.63.

Silvaco Group (NASDAQ:SVCO) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates 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, sell-side analysts anticipate that Silvaco Group will post -0.23 EPS for the current year.

About Silvaco Group

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.