Brokerages Set Silvaco Group, Inc. (NASDAQ:SVCO) Target Price at $10.00

Shares of Silvaco Group, Inc. (NASDAQ:SVCO) have received an average recommendation of “Moderate Buy” from the five ratings firms that are presently covering the stock, MarketBeat reports. One equities research 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 twelve-month price objective among brokers that have covered the stock in the last year is $10.00.

A number of equities research analysts recently issued reports on the stock. Rosenblatt Securities reissued a “buy” rating and issued a $12.00 price target on shares of Silvaco Group in a research note on Tuesday, November 4th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Silvaco Group in a research report on Thursday, January 22nd. Wall Street Zen lowered shares of Silvaco Group from a “hold” rating to a “sell” rating in a research note on Saturday, January 31st. Finally, Jefferies Financial Group upgraded Silvaco Group to a “strong-buy” rating in a research note on Tuesday, October 28th.

Insider Transactions at Silvaco Group

In other news, insider Candace Jackson sold 8,300 shares of the firm’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $4.25, for a total value of $35,275.00. Following the transaction, the insider directly owned 43,069 shares of the company’s stock, valued at approximately $183,043.25. This trade represents a 16.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Walden C. Rhines purchased 13,100 shares of the stock in a transaction that occurred on Tuesday, December 9th. The shares were acquired at an average price of $4.01 per share, for a total transaction of $52,531.00. Following the completion of the transaction, the chief executive officer directly owned 105,918 shares of the company’s stock, valued at $424,731.18. The trade was a 14.11% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders bought 78,100 shares of company stock valued at $320,641. Insiders own 38.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Nisa Investment Advisors LLC grew its position in shares of Silvaco Group by 4,961.5% in the second quarter. Nisa Investment Advisors LLC now owns 5,264 shares of the company’s stock valued at $25,000 after purchasing an additional 5,160 shares in the last quarter. Wells Fargo & Company MN grew its holdings in Silvaco Group by 51.2% in the 4th quarter. Wells Fargo & Company MN now owns 9,093 shares of the company’s stock valued at $37,000 after buying an additional 3,079 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Silvaco Group in the 2nd quarter valued at $38,000. HighTower Advisors LLC acquired a new stake in shares of Silvaco Group in the 4th quarter worth $41,000. Finally, Strs Ohio purchased a new position in shares of Silvaco Group during the 1st quarter worth $50,000.

Silvaco Group Stock Performance

Shares of Silvaco Group stock opened at $3.69 on Friday. The firm has a 50-day simple moving average of $4.29 and a two-hundred day simple moving average of $4.82. Silvaco Group has a fifty-two week low of $3.43 and a fifty-two week high of $7.30. The company has a market cap of $113.06 million, a P/E ratio of -3.58 and a beta of 3.30.

Silvaco Group (NASDAQ:SVCO) last announced its quarterly earnings results on Wednesday, November 12th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.03). The business had revenue of $18.67 million during the quarter, compared to analysts’ expectations of $15.95 million. Silvaco Group had a negative net margin of 47.59% and a negative return on equity of 15.53%. Equities research analysts forecast that Silvaco Group will post -0.76 EPS for the current 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.