Nano Cap New Millennium Growth Fund L P Buys Shares of 250,000 Silvaco Group, Inc. $SVCO

Nano Cap New Millennium Growth Fund L P bought a new stake in Silvaco Group, Inc. (NASDAQ:SVCO) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 250,000 shares of the company’s stock, valued at approximately $1,012,000. Nano Cap New Millennium Growth Fund L P owned about 0.82% of Silvaco Group at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new position in shares of Silvaco Group in the 2nd quarter valued at approximately $38,000. HighTower Advisors LLC purchased a new stake in shares of Silvaco Group in the fourth quarter valued at approximately $41,000. Strs Ohio purchased a new stake in shares of Silvaco Group in the first quarter valued at approximately $50,000. JPMorgan Chase & Co. boosted its stake in shares of 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 in the last quarter. Finally, Blair William & Co. IL boosted its stake in shares of Silvaco Group by 41.2% in the third quarter. Blair William & Co. IL now owns 24,000 shares of the company’s stock valued at $130,000 after buying an additional 7,000 shares in the last quarter.

Analysts Set New Price Targets

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

Silvaco Group Stock Up 1.9%

NASDAQ SVCO opened at $9.48 on Friday. Silvaco Group, Inc. has a fifty-two week low of $3.07 and a fifty-two week high of $12.81. The stock has a market cap of $309.81 million, a price-to-earnings ratio of -10.19 and a beta of 0.88. The business has a fifty day moving average of $8.27 and a 200-day moving average of $5.64.

Silvaco Group (NASDAQ:SVCO) last released its quarterly earnings results on Thursday, May 7th. The company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.03. Silvaco Group had a negative return on equity of 21.93% and a negative net margin of 41.65%.The company had revenue of $17.76 million during the quarter, compared to analysts’ expectations of $17.04 million. As a group, analysts anticipate that Silvaco Group, Inc. will post -0.36 EPS 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.