Silvaco Group (NASDAQ:SVCO) Director Anthony K.K. Ngai Buys 1,000 Shares

Silvaco Group, Inc. (NASDAQ:SVCO) Director Anthony K.K. Ngai acquired 1,000 shares of Silvaco Group stock in a transaction that occurred on Friday, June 5th. The shares were purchased at an average price of $13.07 per share, with a total value of $13,070.00. Following the transaction, the director owned 114,976 shares of the company’s stock, valued at $1,502,736.32. The trade was a 0.88% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Silvaco Group Price Performance

Silvaco Group stock traded up $0.19 during mid-day trading on Monday, reaching $11.49. 772,745 shares of the stock traded hands, compared to its average volume of 593,544. The business’s 50-day moving average is $9.49 and its 200-day moving average is $6.15. The stock has a market capitalization of $375.49 million, a PE ratio of -12.35 and a beta of 0.76. Silvaco Group, Inc. has a 12-month low of $3.07 and a 12-month high of $14.14.

Silvaco Group (NASDAQ:SVCO) last issued its quarterly earnings results on Thursday, May 7th. The company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.03. The business had revenue of $17.76 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%. Equities analysts anticipate that Silvaco Group, Inc. will post -0.23 EPS for the current fiscal year.

Institutional Trading of Silvaco Group

Several institutional investors have recently made changes to their positions in SVCO. Alyeska Investment Group L.P. grew 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 grew its position in shares of Silvaco Group by 132.3% during the fourth quarter. Lynrock Lake LP now owns 472,764 shares of the company’s stock worth $1,915,000 after purchasing an additional 269,283 shares in the last quarter. Walleye Capital LLC grew its position in shares of Silvaco Group by 2,239.8% during the first quarter. Walleye Capital LLC now owns 263,152 shares of the company’s stock worth $1,863,000 after purchasing an additional 251,905 shares in the last quarter. Nano Cap New Millennium Growth Fund L P purchased a new stake in shares of Silvaco Group during the fourth quarter worth about $1,012,000. Finally, Topline Capital Management LLC bought a new position in Silvaco Group during the second quarter valued at approximately $1,096,000.

Wall Street Analyst Weigh In

A number of analysts have commented on SVCO shares. TD Cowen reduced their price target on Silvaco Group from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Friday, March 13th. Rosenblatt Securities upped their price target on Silvaco Group from $9.00 to $14.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Wall Street Zen upgraded Silvaco Group from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Needham & Company LLC upped their price target on Silvaco Group from $10.00 to $18.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Finally, Weiss Ratings upgraded Silvaco Group from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $12.67.

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.