Silvaco Group, Inc. (NASDAQ:SVCO) Receives Consensus Recommendation of “Moderate Buy” from Analysts

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

A number of analysts have commented on SVCO shares. Needham & Company LLC boosted their price objective on Silvaco Group from $10.00 to $18.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Rosenblatt Securities boosted their price objective on Silvaco Group from $9.00 to $14.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Weiss Ratings raised Silvaco Group from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, April 24th. TD Cowen decreased their price objective on Silvaco Group from $8.00 to $6.00 and set a “buy” rating for the company in a report on Friday, March 13th. Finally, Wall Street Zen upgraded Silvaco Group from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th.

Insider Buying and Selling at Silvaco Group

In other news, Director Katherine S. Ngai-Pesic sold 200,000 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was 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 in the company, valued at $103,418,061.81. The trade was a 2.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders sold 207,748 shares of company stock valued at $2,313,721. 47.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Silvaco Group

Hedge funds and other institutional investors have recently modified their holdings of the business. Nano Cap New Millennium Growth Fund L P purchased a new position in shares of Silvaco Group in the 4th quarter worth approximately $1,012,000. Bank of America Corp DE boosted its stake in shares of Silvaco Group by 60.5% in the 2nd quarter. Bank of America Corp DE now owns 26,988 shares of the company’s stock worth $127,000 after buying an additional 10,174 shares during the last quarter. Bridgeway Capital Management LLC purchased a new position in shares of Silvaco Group in the 2nd quarter worth approximately $118,000. XTX Topco Ltd purchased a new position in Silvaco Group in the fourth quarter valued at approximately $114,000. Finally, Dimensional Fund Advisors LP purchased a new position in Silvaco Group in the fourth quarter valued at approximately $101,000.

Silvaco Group Stock Performance

Shares of SVCO opened at $12.17 on Friday. The stock has a 50 day moving average price of $9.85 and a two-hundred day moving average price of $6.34. The firm has a market capitalization of $397.72 million, a P/E ratio of -13.09 and a beta of 0.75. Silvaco Group has a 52 week low of $3.07 and a 52 week high of $14.14.

Silvaco Group (NASDAQ:SVCO) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.03. The firm had revenue of $17.76 million during the quarter, compared to analyst estimates of $17.04 million. Silvaco Group had a negative return on equity of 21.93% and a negative net margin of 41.65%. On average, equities analysts forecast that Silvaco Group will post -0.23 earnings per share for the current year.

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.