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

Silvaco Group, Inc. (NASDAQ:SVCO) Director Anthony K.K. Ngai purchased 1,000 shares of Silvaco Group stock in a transaction that occurred on Friday, June 5th. The stock was bought at an average cost of $13.07 per share, for a total transaction of $13,070.00. Following the purchase, the director directly owned 114,976 shares in the company, valued at $1,502,736.32. This trade represents a 0.88% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Silvaco Group Price Performance

SVCO stock opened at $11.49 on Tuesday. The company 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. The firm’s 50-day moving average is $9.49 and its 200 day moving average is $6.15.

Silvaco Group (NASDAQ:SVCO) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.03. The company had revenue of $17.76 million for the quarter, compared to the consensus estimate of $17.04 million. Silvaco Group had a negative net margin of 41.65% and a negative return on equity of 21.93%. Sell-side analysts forecast that Silvaco Group, Inc. will post -0.23 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SVCO. Wells Fargo & Company MN boosted its holdings in shares of 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. bought a new stake in shares of Silvaco Group in the 2nd quarter valued at about $38,000. HighTower Advisors LLC bought a new stake in shares of Silvaco Group in the 4th quarter valued at about $41,000. Strs Ohio bought a new stake in shares of Silvaco Group in the 1st quarter valued at about $50,000. Finally, Squarepoint Ops LLC bought a new stake in shares of Silvaco Group in the 4th quarter valued at about $57,000.

Analysts Set New Price Targets

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

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.