Silvaco Group (NASDAQ:SVCO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Silvaco Group (NASDAQ:SVCO) from a sell rating to a hold rating in a research note published on Saturday morning.

Several other research firms have also issued reports on SVCO. Rosenblatt Securities reissued a “buy” rating and set a $12.00 target price on shares of Silvaco Group in a report on Tuesday, November 4th. Jefferies Financial Group upgraded shares of Silvaco Group to a “strong-buy” rating in a research note on Tuesday, October 28th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Silvaco Group in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $11.25.

Silvaco Group Trading Up 1.1%

Shares of SVCO opened at $4.44 on Friday. Silvaco Group has a 12 month low of $3.45 and a 12 month high of $9.93. The firm’s 50 day moving average is $4.40 and its 200-day moving average is $4.89. The stock has a market capitalization of $136.04 million, a PE ratio of -4.31 and a beta of 3.31.

Silvaco Group (NASDAQ:SVCO) last issued its quarterly earnings results on Wednesday, November 12th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $18.67 million for the quarter, compared to analyst estimates of $15.95 million. Equities research analysts predict that Silvaco Group will post -0.76 earnings per share for the current fiscal year.

Insider Activity at Silvaco Group

In other news, CEO Walden C. Rhines purchased 13,100 shares of the company’s stock in a transaction dated Tuesday, December 9th. The stock was bought at an average cost of $4.01 per share, for a total transaction of $52,531.00. Following the purchase, the chief executive officer owned 105,918 shares of the company’s stock, valued at approximately $424,731.18. The trade was a 14.11% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Katherine S. Ngai-Pesic acquired 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The shares were purchased at an average cost of $4.13 per share, for a total transaction of $103,250.00. Following the acquisition, the insider owned 10,303,886 shares in the company, valued at $42,555,049.18. This represents a 0.24% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have bought 78,100 shares of company stock worth $320,641. Corporate insiders own 38.40% of the company’s stock.

Hedge Funds Weigh In On Silvaco Group

Several large investors have recently bought and sold shares of SVCO. First Eagle Investment Management LLC boosted its stake in shares of Silvaco Group by 20.3% during the second quarter. First Eagle Investment Management LLC now owns 774,438 shares of the company’s stock valued at $3,655,000 after purchasing an additional 130,709 shares in the last quarter. Vanguard Group Inc. raised its holdings in Silvaco Group by 6.0% in the 3rd quarter. Vanguard Group Inc. now owns 401,649 shares of the company’s stock valued at $2,173,000 after buying an additional 22,682 shares during the last quarter. Topline Capital Management LLC acquired a new stake in Silvaco Group during the 2nd quarter worth approximately $1,096,000. Geode Capital Management LLC grew its holdings in Silvaco Group by 10.3% during the 2nd quarter. Geode Capital Management LLC now owns 192,211 shares of the company’s stock worth $907,000 after acquiring an additional 18,022 shares during the last quarter. Finally, Werba Rubin Papier Wealth Management lifted its holdings in shares of Silvaco Group by 86.1% during the third quarter. Werba Rubin Papier Wealth Management now owns 186,080 shares of the company’s stock worth $1,007,000 after purchasing an additional 86,080 shares during the period.

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.