Silvaco Group, Inc. (NASDAQ:SVCO) Receives $12.67 Average PT from Analysts

Silvaco Group, Inc. (NASDAQ:SVCO) has been assigned an average rating of “Moderate Buy” from the five ratings firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $12.6667.

SVCO has been the topic of a number of research analyst reports. Weiss Ratings raised Silvaco Group from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, July 10th. Rosenblatt Securities reiterated a “buy” rating and issued a $14.00 target price on shares of Silvaco Group in a research report on Friday. Finally, Needham & Company LLC raised their target price on shares of Silvaco Group from $10.00 to $18.00 and gave the company a “buy” rating in a research note on Monday, May 11th.

Silvaco Group Trading Down 11.1%

Shares of NASDAQ:SVCO opened at $7.65 on Friday. The firm has a market cap of $250.01 million, a PE ratio of -10.62 and a beta of 0.63. The company has a fifty day simple moving average of $10.52 and a 200 day simple moving average of $7.98. Silvaco Group has a 12-month low of $3.07 and a 12-month high of $14.39.

Silvaco Group (NASDAQ:SVCO) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. The business had revenue of $17.81 million for the quarter, compared to analyst estimates of $17.90 million. Silvaco Group had a negative return on equity of 15.63% and a negative net margin of 30.43%. As a group, equities research analysts forecast that Silvaco Group will post -0.23 EPS for the current fiscal year.

Insider Buying and Selling at Silvaco Group

In related 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 directly 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 47.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Silvaco Group

Several hedge funds have recently made changes to their positions in SVCO. BlackRock Inc. acquired a new stake in Silvaco Group in the 2nd quarter worth approximately $11,080,000. Alyeska Investment Group L.P. grew its holdings in Silvaco Group by 267.9% during 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 during the last quarter. Lynrock Lake LP raised its position in shares of 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 during the period. Walleye Capital LLC raised its position in shares of 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 during the period. Finally, Nano Cap New Millennium Growth Fund L P acquired a new stake in shares of Silvaco Group in the fourth quarter worth $1,012,000.

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.