Silvaco Group (NASDAQ:SVCO) Receives Buy Rating from Rosenblatt Securities

Rosenblatt Securities reaffirmed their buy rating on shares of Silvaco Group (NASDAQ:SVCO) in a research report released on Friday,Benzinga reports. Rosenblatt Securities currently has a $14.00 price objective on the stock.

Several other research analysts have also recently commented on SVCO. Weiss Ratings upgraded shares of Silvaco Group from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, July 10th. Needham & Company LLC lifted their price target on shares of Silvaco Group from $10.00 to $18.00 and gave the company a “buy” rating in a research note on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Sell rating to the company. According to MarketBeat, Silvaco Group presently has a consensus rating of “Moderate Buy” and an average target price of $12.67.

Silvaco Group Stock Performance

NASDAQ SVCO opened at $7.65 on Friday. The stock has a market capitalization of $250.00 million, a price-to-earnings ratio of -10.62 and a beta of 0.63. The stock’s 50 day moving average price is $10.52 and its two-hundred day moving average price is $7.98. Silvaco Group has a 52 week low of $3.07 and a 52 week high of $14.39.

Silvaco Group (NASDAQ:SVCO) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.01 earnings per share for the quarter, hitting the consensus estimate of $0.01. The company had revenue of $17.81 million during the quarter, compared to analysts’ expectations of $17.90 million. Silvaco Group had a negative net margin of 30.43% and a negative return on equity of 15.63%. On average, equities research analysts forecast that Silvaco Group will post -0.23 EPS for the current year.

Insider Buying and Selling at Silvaco Group

In other Silvaco Group 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 transaction of $2,254,000.00. Following the transaction, the director owned 9,176,403 shares of the company’s stock, valued at $103,418,061.81. The trade was a 2.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 47.90% of the stock is owned by company insiders.

Institutional Trading of Silvaco Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in SVCO. BlackRock Inc. bought a new position in shares of Silvaco Group in the 2nd quarter valued at about $11,080,000. Alyeska Investment Group L.P. raised its holdings in shares of Silvaco Group by 267.9% in the 4th quarter. Alyeska Investment Group L.P. now owns 732,824 shares of the company’s stock valued at $2,968,000 after purchasing an additional 533,630 shares during the period. Lynrock Lake LP raised its holdings in shares of Silvaco Group by 132.3% in the 4th quarter. Lynrock Lake LP now owns 472,764 shares of the company’s stock valued at $1,915,000 after purchasing an additional 269,283 shares during the period. Walleye Capital LLC lifted its stake in Silvaco Group by 2,239.8% in the 1st quarter. Walleye Capital LLC now owns 263,152 shares of the company’s stock valued at $1,863,000 after purchasing an additional 251,905 shares during the last quarter. Finally, Nano Cap New Millennium Growth Fund L P acquired a new stake in Silvaco Group in the 4th quarter valued at about $1,012,000.

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.