Panoramic Capital LLC Takes $1.03 Million Position in Silvaco Group, Inc. $SVCO

Panoramic Capital LLC bought a new stake in shares of Silvaco Group, Inc. (NASDAQ:SVCO) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 75,000 shares of the company’s stock, valued at approximately $1,034,000.

A number of other large investors also recently added to or reduced their stakes in SVCO. BlackRock Inc. purchased a new stake in Silvaco Group during the second quarter valued at about $11,080,000. Alyeska Investment Group L.P. increased its holdings in shares of 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 buying an additional 533,630 shares during the period. Algert Global LLC purchased a new position in shares of Silvaco Group in the second quarter worth about $4,962,000. Lynrock Lake LP lifted its stake 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 acquiring an additional 269,283 shares during the last quarter. Finally, Walleye Capital LLC lifted its stake in shares of 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 acquiring an additional 251,905 shares during the last quarter.

Silvaco Group Trading Down 1.2%

SVCO stock opened at $6.73 on Thursday. The firm’s 50-day moving average price is $9.26 and its two-hundred day moving average price is $8.24. Silvaco Group, Inc. has a 12-month low of $3.07 and a 12-month high of $14.39. The stock has a market capitalization of $228.08 million, a price-to-earnings ratio of -9.35 and a beta of 0.63.

Silvaco Group (NASDAQ:SVCO) last posted its earnings results on Thursday, August 6th. The company reported $0.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.01. The company had revenue of $17.81 million during the quarter, compared to analyst estimates of $17.90 million. Silvaco Group had a negative net margin of 30.43% and a negative return on equity of 15.29%. Equities analysts predict that Silvaco Group, Inc. will post -0.23 EPS for the current year.

Insider Buying and Selling

In other Silvaco Group news, Director Katherine S. Ngai-Pesic sold 200,000 shares of the company’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 completion of the transaction, the director owned 9,176,403 shares of the company’s stock, valued at $103,418,061.81. This represents a 2.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last three months, insiders purchased 2,250 shares of company stock worth $24,848 and sold 208,607 shares worth $2,316,712. 47.90% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on SVCO shares. Weiss Ratings upgraded Silvaco Group from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, July 10th. Needham & Company LLC boosted their price objective on Silvaco Group from $10.00 to $18.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $14.00 price objective on shares of Silvaco Group in a research note on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $12.67.

About Silvaco Group

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.