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

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

A number of research firms recently commented on SVCO. Rosenblatt Securities reiterated a “buy” rating and set a $14.00 price objective on shares of Silvaco Group in a research report on Friday, August 7th. Needham & Company LLC raised their target price 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 note on Friday, July 10th.

Insider Activity

In related news, Director Katherine S. Ngai-Pesic sold 200,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $11.27, for a total value of $2,254,000.00. Following the transaction, the director owned 9,176,403 shares of the company’s stock, valued at approximately $103,418,061.81. This trade represents a 2.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Over the last quarter, insiders have purchased 2,250 shares of company stock valued at $24,848 and have sold 208,607 shares valued at $2,316,712. Insiders own 47.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in shares of Silvaco Group during the 2nd quarter valued at $11,080,000. Alyeska Investment Group L.P. increased its stake in shares of Silvaco Group by 267.9% in the 4th 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 raised its holdings in Silvaco Group by 132.3% in the 4th 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 during the period. Vanguard Group Inc. lifted its position in Silvaco Group by 6.0% during the third 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 in the last quarter. Finally, Algert Global LLC purchased a new position in Silvaco Group during the second quarter valued at $4,962,000.

Silvaco Group Trading Down 1.2%

NASDAQ:SVCO opened at $6.73 on Thursday. Silvaco Group has a 12 month low of $3.07 and a 12 month high of $14.39. The company has a market cap of $228.08 million, a PE ratio of -9.35 and a beta of 0.63. The company has a 50 day simple moving average of $9.26 and a two-hundred day simple moving average of $8.24.

Silvaco Group (NASDAQ:SVCO) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. The firm had revenue of $17.81 million for the quarter, compared to analysts’ expectations of $17.90 million. Silvaco Group had a negative return on equity of 15.29% and a negative net margin of 30.43%. Research analysts forecast that Silvaco Group will post -0.23 earnings per share for the current year.

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.