Silvaco Group (NASDAQ:SVCO) Stock Rating Lowered by Wall Street Zen

Silvaco Group (NASDAQ:SVCO) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Friday.

A number of other equities research analysts also recently weighed in on SVCO. Jefferies Financial Group raised Silvaco Group to a “strong-buy” rating in a report on Tuesday, October 28th. Rosenblatt Securities restated a “buy” rating and set a $12.00 price objective on shares of Silvaco Group in a research report on Tuesday, November 4th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Silvaco Group in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, Silvaco Group currently has a consensus rating of “Moderate Buy” and an average target price of $10.00.

Silvaco Group Stock Up 0.2%

Shares of Silvaco Group stock opened at $4.96 on Friday. Silvaco Group has a 12-month low of $3.45 and a 12-month high of $9.93. The company has a market capitalization of $151.97 million, a price-to-earnings ratio of -4.82 and a beta of 3.31. The firm’s 50-day moving average price is $4.35 and its two-hundred day moving average price is $4.87.

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). The firm had revenue of $18.67 million for the quarter, compared to the consensus estimate of $15.95 million. Silvaco Group had a negative return on equity of 15.53% and a negative net margin of 47.59%. On average, sell-side analysts expect that Silvaco Group will post -0.76 earnings per share for the current year.

Insider Transactions at Silvaco Group

In other news, insider Candace Jackson sold 8,300 shares of the business’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $4.25, for a total transaction of $35,275.00. Following the sale, the insider directly owned 43,069 shares in the company, valued at approximately $183,043.25. The trade was a 16.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Walden C. Rhines acquired 29,000 shares of the stock in a transaction dated Tuesday, November 18th. The stock was purchased at an average cost of $4.07 per share, with a total value of $118,030.00. Following the purchase, the chief executive officer directly owned 92,818 shares of the company’s stock, valued at $377,769.26. This trade represents a 45.44% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders acquired 78,100 shares of company stock worth $320,641 in the last 90 days. 38.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Silvaco Group

A number of hedge funds and other institutional investors have recently made changes to their positions in SVCO. Nisa Investment Advisors LLC increased its position in Silvaco Group by 4,961.5% during the 2nd 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 during the period. Raymond James Financial Inc. bought a new position in Silvaco Group during the second quarter worth $38,000. Strs Ohio acquired a new position in Silvaco Group in the first quarter valued at $50,000. JPMorgan Chase & Co. lifted its holdings 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 period. Finally, Blair William & Co. IL boosted its position in Silvaco Group by 70.0% during the second quarter. Blair William & Co. IL now owns 17,000 shares of the company’s stock valued at $80,000 after acquiring an additional 7,000 shares during the last quarter.

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.