Silvaco Group, Inc. $SVCO Shares Newly Purchased by Penn Capital Management Company LLC

Penn Capital Management Company LLC acquired a new stake in shares of Silvaco Group, Inc. (NASDAQ:SVCO) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 67,821 shares of the company’s stock, valued at approximately $594,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SVCO. Bank of America Corp DE purchased a new position in shares of Silvaco Group in the second quarter worth about $2,270,000. 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. BlackRock Inc. bought a new stake in shares of Silvaco Group in the second quarter valued at approximately $11,080,000. Algert Global LLC bought a new stake in shares of Silvaco Group in the second quarter valued at approximately $4,962,000. Finally, Panoramic Capital LLC purchased a new stake in shares of Silvaco Group during the 2nd quarter valued at approximately $1,034,000.

Analyst Upgrades and Downgrades

SVCO has been the subject of several analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Silvaco Group in a report on Tuesday, October 6th. B. Riley Financial reiterated a “buy” rating and issued a $11.00 price objective (down from $16.00) on shares of Silvaco Group in a research note on Monday, November 2nd. TD Cowen lowered their target price on shares of Silvaco Group from $15.00 to $12.00 and set a “buy” rating on the stock in a report on Thursday, November 5th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $14.00 target price on shares of Silvaco Group in a report on Wednesday, September 23rd. Four investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Silvaco Group currently has an average rating of “Moderate Buy” and a consensus target price of $13.75.

Silvaco Group Stock Up 2.8%

SVCO opened at $7.45 on Wednesday. The company has a fifty day moving average price of $7.14 and a 200-day moving average price of $7.74. The firm has a market capitalization of $254.79 million, a P/E ratio of -10.96 and a beta of 0.64. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.09 and a quick ratio of 2.09. Silvaco Group, Inc. has a one year low of $3.07 and a one year high of $14.39.

Silvaco Group (NASDAQ:SVCO) last released its quarterly earnings results on Wednesday, November 4th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.05). Silvaco Group had a negative return on equity of 13.28% and a negative net margin of 30.45%. The firm had revenue of $16.29 million during the quarter, compared to the consensus estimate of $17.08 million. Equities research analysts expect that Silvaco Group, Inc. will post -0.23 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Christopher Zegarelli sold 39,662 shares of the business’s stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $7.05, for a total transaction of $279,617.10. Following the completion of the transaction, the chief financial officer directly owned 500,662 shares in the company, valued at $3,529,667.10. The trade was a 7.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 46,868 shares of company stock worth $330,815 in the last three months. 47.90% of the stock is owned by insiders.

Silvaco Group Company Profile

Silvaco Group, Inc. is a semiconductor design software and intellectual property company that provides electronic design automation (EDA) and technology computer-aided design (TCAD) solutions. Its products help semiconductor manufacturers and electronics companies develop, simulate, verify and optimize integrated circuits, semiconductor devices and related technologies. The company’s offerings support multiple stages of the chip-development process, including process and device modeling, circuit simulation, physical design, layout automation and design-rule verification.