Panoramic Capital LLC Takes Position in Silvaco Group, Inc. $SVCO

Panoramic Capital LLC acquired a new stake in shares of Silvaco Group, Inc. (NASDAQ:SVCO) during the second quarter, according to its most recent filing with the SEC. The fund acquired 75,000 shares of the company’s stock, valued at approximately $1,034,000. Panoramic Capital LLC owned 0.22% of Silvaco Group as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Bank of America Corp DE purchased a new position in Silvaco Group during the 2nd quarter valued at about $2,270,000. Algert Global LLC bought a new stake in shares of Silvaco Group during the second quarter valued at about $4,962,000. Quantbot Technologies LP purchased a new stake in shares of Silvaco Group in the second quarter worth about $28,000. BlackRock Inc. bought a new position in shares of Silvaco Group in the second quarter valued at approximately $11,080,000. Finally, Deutsche Bank AG bought a new position in shares of Silvaco Group in the second quarter valued at approximately $167,000.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on SVCO shares. Weiss Ratings raised shares of 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 price objective on shares of Silvaco Group in a research report on Friday, August 7th. Finally, Needham & Company LLC boosted their target price on Silvaco Group from $10.00 to $18.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. One 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 stock. According to data from MarketBeat, Silvaco Group currently has an average rating of “Moderate Buy” and an average target price of $12.67.

Silvaco Group Stock Performance

Silvaco Group stock opened at $6.73 on Thursday. Silvaco Group, Inc. has a fifty-two week low of $3.07 and a fifty-two week high of $14.39. The stock has a market cap of $228.08 million, a P/E ratio of -9.35 and a beta of 0.63. The firm’s fifty day moving average price is $9.26 and its 200-day moving average price is $8.24.

Silvaco Group (NASDAQ:SVCO) last announced its earnings results on Thursday, August 6th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. Silvaco Group had a negative net margin of 30.43% and a negative return on equity of 15.29%. The company had revenue of $17.81 million during the quarter, compared to analyst estimates of $17.90 million. On average, analysts predict that Silvaco Group, Inc. will post -0.23 earnings per share for the current year.

Insider Activity

In other news, Director Katherine S. Ngai-Pesic sold 200,000 shares of the company’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $11.27, for a total value of $2,254,000.00. Following the completion of the transaction, the director directly owned 9,176,403 shares in the company, valued at approximately $103,418,061.81. This represents a 2.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders bought 2,250 shares of company stock valued at $24,848 and sold 208,607 shares valued at $2,316,712. Insiders own 47.90% of the company’s stock.

Silvaco Group 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.