Silvaco Group, Inc. (NASDAQ:SVCO) Receives $11.25 Average PT from Brokerages

Silvaco Group, Inc. (NASDAQ:SVCO) has earned an average rating of “Moderate Buy” from the six research firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $11.25.

SVCO has been the subject of several analyst reports. Jefferies Financial Group upgraded Silvaco Group to a “strong-buy” rating in a report on Tuesday, October 28th. Rosenblatt Securities restated a “buy” rating and issued a $12.00 price target on shares of Silvaco Group in a research note on Tuesday, November 4th. Wall Street Zen lowered shares of Silvaco Group from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Silvaco Group in a report on Wednesday, October 8th.

Insiders Place Their Bets

In other Silvaco Group news, CEO Walden C. Rhines purchased 29,000 shares of the stock in a transaction dated Tuesday, November 18th. The stock was bought at an average price of $4.07 per share, with a total value of $118,030.00. Following the acquisition, the chief executive officer owned 92,818 shares of the company’s stock, valued at approximately $377,769.26. This represents a 45.44% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Candace Jackson sold 8,300 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $4.25, for a total transaction of $35,275.00. Following the transaction, the insider owned 43,069 shares of the company’s stock, valued at approximately $183,043.25. This represents a 16.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have purchased 78,100 shares of company stock worth $320,641. 38.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. First Eagle Investment Management LLC lifted its stake in shares of Silvaco Group by 20.3% in the 2nd quarter. First Eagle Investment Management LLC now owns 774,438 shares of the company’s stock valued at $3,655,000 after purchasing an additional 130,709 shares during the period. Yiheng Capital Management L.P. bought a new position in shares of Silvaco Group in the 1st quarter worth $461,623,000. Goldman Sachs Group Inc. lifted its stake in shares of Silvaco Group by 249.1% in the first quarter. Goldman Sachs Group Inc. now owns 106,051 shares of the company’s stock valued at $484,000 after buying an additional 75,675 shares in the last quarter. Blair William & Co. IL lifted its position in Silvaco Group by 70.0% in the 2nd quarter. Blair William & Co. IL now owns 17,000 shares of the company’s stock valued at $80,000 after acquiring an additional 7,000 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Silvaco Group by 8.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 60,724 shares of the company’s stock valued at $277,000 after buying an additional 4,667 shares during the last quarter.

Silvaco Group Trading Down 2.1%

Shares of NASDAQ SVCO opened at $4.25 on Friday. The firm has a market cap of $130.22 million, a PE ratio of -4.13 and a beta of 3.30. Silvaco Group has a 1-year low of $3.45 and a 1-year high of $9.93. The company has a fifty day moving average price of $4.77 and a 200 day moving average price of $4.92.

Silvaco Group (NASDAQ:SVCO) last announced its earnings results on Wednesday, November 12th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). Silvaco Group had a negative net margin of 47.59% and a negative return on equity of 15.53%. The firm had revenue of $18.67 million during the quarter, compared to analyst estimates of $15.95 million. Equities research analysts forecast that Silvaco Group will post -0.76 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.