Silvaco Group (NASDAQ:SVCO) Cut to Sell at Wall Street Zen

Wall Street Zen lowered shares of Silvaco Group (NASDAQ:SVCO) from a hold rating to a sell rating in a report issued on Friday morning.

Several other brokerages also recently issued reports on SVCO. Weiss Ratings reissued a “sell (e+)” rating on shares of Silvaco Group in a report on Wednesday, October 8th. Jefferies Financial Group upgraded Silvaco Group to a “strong-buy” rating in a research note on Tuesday, October 28th. Finally, Rosenblatt Securities restated a “buy” rating and set a $12.00 price target on shares of Silvaco Group in a research report on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $10.00.

Silvaco Group Stock Performance

Silvaco Group stock opened at $4.96 on Friday. Silvaco Group has a 1 year low of $3.45 and a 1 year high of $9.93. The firm’s 50-day moving average is $4.35 and its 200-day moving average is $4.86. The company has a market cap of $151.97 million, a P/E ratio of -4.82 and a beta of 3.31.

Silvaco Group (NASDAQ:SVCO) last released its quarterly earnings data on Wednesday, November 12th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.03). Silvaco Group had a negative return on equity of 15.53% and a negative net margin of 47.59%.The business had revenue of $18.67 million for the quarter, compared to analyst estimates of $15.95 million. As a group, sell-side analysts predict that Silvaco Group will post -0.76 earnings per share for the current year.

Insider Activity at Silvaco Group

In other news, Director Anthony K.K. Ngai purchased 10,000 shares of the firm’s stock in a transaction on Tuesday, November 18th. The stock was purchased at an average cost of $4.26 per share, with a total value of $42,600.00. Following the purchase, the director owned 90,777 shares in the company, valued at $386,710.02. This trade represents a 12.38% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Candace Jackson sold 8,300 shares of the business’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $4.25, for a total value of $35,275.00. Following the completion of the sale, the insider directly owned 43,069 shares in the company, valued at $183,043.25. This represents a 16.16% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders purchased 78,100 shares of company stock valued at $320,641. 38.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Cinctive Capital Management LP bought a new stake in Silvaco Group in the third quarter worth about $487,000. Bank of America Corp DE grew its stake in shares of 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 during the last quarter. Bridgeway Capital Management LLC raised its holdings in shares of 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 lifted its stake in Silvaco Group by 41.2% during the third 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 last quarter. Finally, Vanguard Group Inc. lifted its stake in Silvaco Group by 6.0% during the third 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 last quarter.

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.