Silvaco Group, Inc. (NASDAQ:SVCO) Stock Rated “Moderate Buy” by Sell-Side Analysts

Silvaco Group, Inc. (NASDAQ:SVCO) has been given a consensus recommendation of “Moderate Buy” by the five ratings firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $13.75.

SVCO has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Silvaco Group in a research report on Tuesday, October 6th. B. Riley Financial reissued a “buy” rating and set a $11.00 price objective (down from $16.00) on shares of Silvaco Group in a research report on Monday, November 2nd. TD Cowen lowered their price objective on Silvaco Group from $15.00 to $12.00 and set a “buy” rating for the company in a research report on Thursday, November 5th. Finally, Rosenblatt Securities restated a “buy” rating and set a $14.00 target price on shares of Silvaco Group in a research note on Wednesday, September 23rd.

Insider Transactions at Silvaco Group

In other Silvaco Group news, CFO Christopher Zegarelli sold 39,662 shares of the business’s stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of $7.05, for a total transaction of $279,617.10. Following the completion of the transaction, the chief financial officer owned 500,662 shares in the company, valued at $3,529,667.10. The trade was a 7.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 49,868 shares of company stock valued at $353,165 in the last ninety days. 47.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Silvaco Group

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Empowered Funds LLC purchased a new stake in shares of Silvaco Group during the 3rd quarter worth $203,000. Aberdeen Group plc acquired a new position in shares of Silvaco Group during the third quarter worth $1,174,000. Russell Investments Group Ltd. increased its holdings in Silvaco Group by 555.5% in the third quarter. Russell Investments Group Ltd. now owns 245,712 shares of the company’s stock valued at $2,152,000 after buying an additional 208,227 shares during the last quarter. Penn Capital Management Company LLC purchased a new position in Silvaco Group in the third quarter valued at $594,000. Finally, CenterBook Partners LP acquired a new stake in Silvaco Group in the third quarter valued at $376,000.

Silvaco Group Stock Down 4.3%

Shares of NASDAQ SVCO traded down $0.32 during mid-day trading on Tuesday, hitting $7.13. The company had a trading volume of 179,361 shares, compared to its average volume of 290,758. The company has a market capitalization of $243.85 million, a PE ratio of -10.49 and a beta of 0.64. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.09 and a quick ratio of 2.09. Silvaco Group has a 1-year low of $3.07 and a 1-year high of $14.39. The business’s 50-day simple moving average is $7.20 and its 200 day simple moving average is $7.78.

Silvaco Group (NASDAQ:SVCO) last released its earnings results on Wednesday, November 4th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.05). Silvaco Group had a negative net margin of 30.45% and a negative return on equity of 13.28%. The company had revenue of $16.29 million during the quarter, compared to analysts’ expectations of $17.08 million. On average, analysts predict that Silvaco Group will post -0.23 earnings per share for the current year.

About Silvaco Group

Silvaco Group develops software and intellectual property used in the design and development of semiconductor devices and integrated circuits. Its products serve semiconductor companies and other organizations involved in electronics design and manufacturing. The company’s offerings include technology computer-aided design (TCAD) tools, which simulate semiconductor processes and device behavior, and electronic design automation (EDA) software for designing and verifying integrated circuits. Silvaco also provides semiconductor IP, including memory and interface solutions, and offers cloud-based access to some of its tools.