Silvaco Group, Inc. (NASDAQ:SVCO) Given Average Rating of “Moderate Buy” by Brokerages

Silvaco Group, Inc. (NASDAQ:SVCO) has earned an average recommendation of “Moderate Buy” from the five analysts that are currently covering the stock, MarketBeat reports. One investment 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 12 month target price among analysts that have issued a report on the stock in the last year is $10.00.

A number of brokerages have weighed in on SVCO. Weiss Ratings restated a “sell (e+)” rating on shares of Silvaco Group in a research note on Wednesday, October 8th. Jefferies Financial Group upgraded Silvaco Group to a “strong-buy” rating in a research note on Tuesday, October 28th. Wall Street Zen upgraded shares of Silvaco Group from a “sell” rating to a “hold” rating in a research note on Saturday, January 10th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $12.00 price objective on shares of Silvaco Group in a research note on Tuesday, November 4th.

Silvaco Group Trading Down 2.2%

SVCO opened at $4.50 on Wednesday. The company has a fifty day simple moving average of $4.34 and a 200 day simple moving average of $4.88. The firm has a market cap of $137.88 million, a price-to-earnings ratio of -4.37 and a beta of 3.31. Silvaco Group has a twelve month low of $3.45 and a twelve month high of $9.93.

Silvaco Group (NASDAQ:SVCO) last issued its quarterly earnings data on Wednesday, November 12th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). The firm had revenue of $18.67 million during the quarter, compared to analyst estimates of $15.95 million. Silvaco Group had a negative return on equity of 15.53% and a negative net margin of 47.59%. On average, analysts forecast that Silvaco Group will post -0.76 earnings per share for the current fiscal year.

Insider Activity at Silvaco Group

In other news, major shareholder Katherine S. Ngai-Pesic purchased 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The stock was acquired at an average cost of $4.13 per share, for a total transaction of $103,250.00. Following the completion of the purchase, the insider owned 10,303,886 shares of the company’s stock, valued at approximately $42,555,049.18. This trade represents a 0.24% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Walden C. Rhines acquired 29,000 shares of the stock in a transaction that occurred on Tuesday, November 18th. The stock was purchased at an average cost of $4.07 per share, with a total value of $118,030.00. Following the completion of the acquisition, the chief executive officer owned 92,818 shares of the company’s stock, valued at $377,769.26. The trade was a 45.44% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders acquired 78,100 shares of company stock worth $320,641. 38.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Silvaco Group

Institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in shares of Silvaco Group by 27.3% during the second quarter. JPMorgan Chase & Co. now owns 13,483 shares of the company’s stock valued at $64,000 after acquiring an additional 2,895 shares during the period. Nisa Investment Advisors LLC lifted its position in Silvaco Group by 4,961.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 5,264 shares of the company’s stock valued at $25,000 after purchasing an additional 5,160 shares during the last quarter. PDT Partners LLC boosted its stake in Silvaco Group by 35.1% during the 2nd quarter. PDT Partners LLC now owns 25,969 shares of the company’s stock valued at $123,000 after purchasing an additional 6,749 shares during the period. Blair William & Co. IL grew its position in Silvaco Group by 41.2% in the 3rd quarter. Blair William & Co. IL now owns 24,000 shares of the company’s stock worth $130,000 after purchasing an additional 7,000 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Silvaco Group in the second quarter valued at approximately $38,000.

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.