Silvaco Group (NASDAQ:SVCO) Receives “Buy” Rating from Rosenblatt Securities

Rosenblatt Securities reissued their buy rating on shares of Silvaco Group (NASDAQ:SVCO) in a report released on Friday morning,Benzinga reports. Rosenblatt Securities currently has a $14.00 price objective on the stock.

Several other research firms have also recently issued reports on SVCO. 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 research report on Monday, May 11th. Weiss Ratings upgraded Silvaco Group from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $12.67.

Silvaco Group Trading Up 2.5%

Shares of SVCO stock opened at $7.78 on Friday. The firm has a fifty day moving average price of $10.67 and a 200 day moving average price of $7.85. The company has a market cap of $254.25 million, a P/E ratio of -8.37 and a beta of 0.39. Silvaco Group has a 12 month low of $3.07 and a 12 month high of $14.39.

Silvaco Group (NASDAQ:SVCO) last posted its earnings results on Thursday, May 7th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.03. Silvaco Group had a negative return on equity of 21.93% and a negative net margin of 41.65%.The firm had revenue of $17.75 million for the quarter, compared to analyst estimates of $17.04 million. On average, equities analysts forecast that Silvaco Group will post -0.23 EPS for the current year.

Insider Buying and Selling

In related news, Director Katherine S. Ngai-Pesic sold 200,000 shares of Silvaco Group stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $11.27, for a total transaction of $2,254,000.00. Following the sale, the director directly owned 9,176,403 shares in the company, valued at $103,418,061.81. This trade represents a 2.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 47.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Silvaco Group

Several hedge funds have recently made changes to their positions in SVCO. Alyeska Investment Group L.P. increased its position in shares of Silvaco Group by 267.9% during the fourth quarter. Alyeska Investment Group L.P. now owns 732,824 shares of the company’s stock worth $2,968,000 after purchasing an additional 533,630 shares in the last quarter. Lynrock Lake LP boosted its position in shares of Silvaco Group by 132.3% in the 4th quarter. Lynrock Lake LP now owns 472,764 shares of the company’s stock valued at $1,915,000 after purchasing an additional 269,283 shares during the period. Vanguard Group Inc. boosted its position in shares of 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 purchasing an additional 22,682 shares during the period. Walleye Capital LLC boosted its position in shares of Silvaco Group by 2,239.8% in the 1st 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. Finally, Nano Cap New Millennium Growth Fund L P purchased a new position in Silvaco Group during the 4th quarter worth approximately $1,012,000.

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.