Silvaco Group (NASDAQ:SVCO) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Silvaco Group (NASDAQ:SVCO) from a sell rating to a hold rating in a research report released on Saturday morning.

A number of other analysts have also issued reports on SVCO. Rosenblatt Securities reaffirmed a “buy” rating and issued a $12.00 price target on shares of Silvaco Group in a research note on Tuesday, November 4th. Jefferies Financial Group raised shares of Silvaco Group to a “strong-buy” rating in a report on Tuesday, October 28th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Silvaco Group in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $11.25.

Silvaco Group Stock Down 1.3%

Shares of NASDAQ SVCO opened at $4.39 on Friday. The firm has a market cap of $134.51 million, a price-to-earnings ratio of -4.26 and a beta of 3.31. The company’s 50-day simple moving average is $4.42 and its 200-day simple moving average is $4.90. Silvaco Group has a 52-week low of $3.45 and a 52-week high of $9.93.

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

Insider Activity

In other news, CEO Walden C. Rhines acquired 13,100 shares of the business’s stock in a transaction that occurred on Tuesday, December 9th. The stock was purchased at an average cost of $4.01 per share, for a total transaction of $52,531.00. Following the completion of the transaction, the chief executive officer owned 105,918 shares in the company, valued at approximately $424,731.18. This trade represents a 14.11% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Katherine S. Ngai-Pesic bought 25,000 shares of Silvaco Group stock in a transaction on Wednesday, December 10th. The shares were purchased at an average cost of $4.13 per share, for a total transaction of $103,250.00. Following the completion of the purchase, the insider directly owned 10,303,886 shares of the company’s stock, valued at $42,555,049.18. This trade represents a 0.24% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders bought 78,100 shares of company stock worth $320,641. Company insiders own 38.40% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC grew its position in Silvaco Group by 4,961.5% in the second quarter. Nisa Investment Advisors LLC now owns 5,264 shares of the company’s stock worth $25,000 after acquiring an additional 5,160 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Silvaco Group during the 2nd quarter worth about $38,000. Strs Ohio purchased a new stake in Silvaco Group in the 1st quarter valued at about $50,000. JPMorgan Chase & Co. lifted its position in Silvaco Group by 27.3% in the second quarter. JPMorgan Chase & Co. now owns 13,483 shares of the company’s stock valued at $64,000 after buying an additional 2,895 shares during the last quarter. Finally, Blair William & Co. IL boosted its stake in Silvaco Group by 70.0% during the second quarter. Blair William & Co. IL now owns 17,000 shares of the company’s stock worth $80,000 after buying an additional 7,000 shares during the period.

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.