Silvaco Group, Inc. (NASDAQ:SVCO) Receives Average Recommendation of “Moderate Buy” from Analysts

Silvaco Group, Inc. (NASDAQ:SVCO) has earned an average recommendation of “Moderate Buy” from the five analysts that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $12.6667.

Several equities research analysts have weighed in on the stock. Rosenblatt Securities raised their price objective on shares of Silvaco Group from $9.00 to $14.00 and gave the company a “buy” rating in a research report on Friday, May 8th. TD Cowen lowered their price target on shares of Silvaco Group from $8.00 to $6.00 and set a “buy” rating for the company in a report on Friday, March 13th. Wall Street Zen upgraded shares of Silvaco Group from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Needham & Company LLC upped their price objective on Silvaco Group from $10.00 to $18.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Finally, Weiss Ratings lowered Silvaco Group from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, June 12th.

Insider Buying and Selling at Silvaco Group

In other news, Director Katherine S. Ngai-Pesic sold 200,000 shares of the company’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $11.27, for a total transaction of $2,254,000.00. Following the transaction, the director owned 9,176,403 shares of the company’s stock, valued at $103,418,061.81. This represents a 2.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 47.90% of the stock is currently owned by insiders.

Institutional Trading of Silvaco Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lepercq De Neuflize Asset Management LLC acquired a new position in Silvaco Group during the 4th quarter valued at about $357,000. Nano Cap New Millennium Growth Fund L P acquired a new stake in shares of Silvaco Group during the 4th quarter worth approximately $1,012,000. Squarepoint Ops LLC bought a new stake in shares of Silvaco Group during the fourth quarter worth approximately $57,000. Strs Ohio acquired a new position in Silvaco Group in the first quarter valued at approximately $50,000. Finally, HighTower Advisors LLC acquired a new position in Silvaco Group in the fourth quarter valued at approximately $41,000.

Silvaco Group Stock Performance

Shares of SVCO stock opened at $9.96 on Wednesday. The stock’s fifty day moving average is $11.27 and its 200-day moving average is $7.30. The stock has a market capitalization of $325.49 million, a PE ratio of -10.71 and a beta of 0.39. Silvaco Group has a 52 week low of $3.07 and a 52 week high of $14.39.

Silvaco Group (NASDAQ:SVCO) last released its quarterly earnings results on Thursday, May 7th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.03. The business had revenue of $17.75 million during the quarter, compared to analysts’ expectations of $17.04 million. Silvaco Group had a negative return on equity of 21.93% and a negative net margin of 41.65%. As a group, analysts forecast that Silvaco Group will post -0.23 earnings per share for the current fiscal year.

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.