Walleye Capital LLC Purchases 251,905 Shares of Silvaco Group, Inc. $SVCO

Walleye Capital LLC increased its position in Silvaco Group, Inc. (NASDAQ:SVCO) by 2,239.8% in the first quarter, HoldingsChannel reports. The firm owned 263,152 shares of the company’s stock after purchasing an additional 251,905 shares during the quarter. Walleye Capital LLC’s holdings in Silvaco Group were worth $1,863,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in SVCO. Alyeska Investment Group L.P. grew its stake in Silvaco Group by 267.9% in the fourth quarter. Alyeska Investment Group L.P. now owns 732,824 shares of the company’s stock worth $2,968,000 after purchasing an additional 533,630 shares during the period. Lynrock Lake LP lifted its position in Silvaco Group by 132.3% during the fourth quarter. Lynrock Lake LP now owns 472,764 shares of the company’s stock valued at $1,915,000 after buying an additional 269,283 shares during the period. Nano Cap New Millennium Growth Fund L P purchased a new position in Silvaco Group during the fourth quarter valued at $1,012,000. Topline Capital Management LLC purchased a new position in Silvaco Group during the second quarter valued at $1,096,000. Finally, Cinctive Capital Management LP bought a new stake in shares of Silvaco Group during the 3rd quarter valued at $487,000.

Silvaco Group Stock Down 3.4%

SVCO stock opened at $7.98 on Friday. Silvaco Group, Inc. has a twelve month low of $3.07 and a twelve month high of $14.39. The firm has a market cap of $260.79 million, a PE ratio of -8.58 and a beta of 0.39. The business has a 50 day moving average of $10.91 and a 200 day moving average of $7.74.

Silvaco Group (NASDAQ:SVCO) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating 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 business had revenue of $17.75 million during the quarter, compared to analysts’ expectations of $17.04 million. On average, research analysts expect that Silvaco Group, Inc. will post -0.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

SVCO has been the topic of a number of recent research reports. Weiss Ratings raised shares of Silvaco Group from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, July 10th. Rosenblatt Securities lifted their price target on shares of Silvaco Group from $9.00 to $14.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Finally, Needham & Company LLC boosted their price objective on shares of Silvaco Group from $10.00 to $18.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $12.67.

Insider Buying and Selling at Silvaco Group

In other news, Director Katherine S. Ngai-Pesic sold 200,000 shares of Silvaco Group stock in a transaction dated 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 completion of 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 the SEC website. 47.90% of the stock is owned by insiders.

Silvaco Group 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.