Silvaco Group (NASDAQ:SVCO) Rating Increased to Hold at Wall Street Zen

Silvaco Group (NASDAQ:SVCO) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

SVCO has been the topic of several other research reports. Rosenblatt Securities reiterated a “buy” rating and set a $12.00 target price on shares of Silvaco Group in a report on Tuesday, November 4th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Silvaco Group in a research report on Wednesday, October 8th. Finally, Jefferies Financial Group upgraded Silvaco Group to a “strong-buy” rating in a research note on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Silvaco Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.25.

Silvaco Group Trading Down 1.3%

Shares of SVCO opened at $4.39 on Friday. Silvaco Group has a 12 month low of $3.45 and a 12 month high of $9.93. The firm has a fifty day simple moving average of $4.42 and a 200 day simple moving average of $4.90. The stock has a market capitalization of $134.51 million, a price-to-earnings ratio of -4.26 and a beta of 3.31.

Silvaco Group (NASDAQ:SVCO) last issued its quarterly earnings results on Wednesday, November 12th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.03). Silvaco Group had a negative return on equity of 15.53% and a negative net margin of 47.59%.The business had revenue of $18.67 million for the quarter, compared to the consensus estimate of $15.95 million. As a group, research analysts predict that Silvaco Group will post -0.76 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Silvaco Group news, Director Anthony K.K. Ngai bought 10,000 shares of Silvaco Group stock in a transaction dated Tuesday, November 18th. The stock was bought at an average cost of $4.26 per share, for a total transaction of $42,600.00. Following the purchase, the director owned 90,777 shares of the company’s stock, valued at $386,710.02. The trade was a 12.38% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Katherine S. Ngai-Pesic bought 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The shares were acquired at an average cost of $4.13 per share, for a total transaction of $103,250.00. Following the completion of the acquisition, the insider directly owned 10,303,886 shares in the company, valued at $42,555,049.18. The trade was a 0.24% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders purchased 78,100 shares of company stock valued at $320,641. Corporate insiders own 38.40% of the company’s stock.

Hedge Funds Weigh In On Silvaco Group

Several institutional investors and hedge funds have recently modified their holdings of SVCO. First Eagle Investment Management LLC lifted its stake in shares of Silvaco Group by 20.3% during the 2nd quarter. First Eagle Investment Management LLC now owns 774,438 shares of the company’s stock worth $3,655,000 after buying an additional 130,709 shares during the last quarter. Vanguard Group Inc. raised its holdings in Silvaco Group by 6.0% in the 3rd quarter. Vanguard Group Inc. now owns 401,649 shares of the company’s stock valued at $2,173,000 after acquiring an additional 22,682 shares during the period. Topline Capital Management LLC bought a new position in Silvaco Group in the 2nd quarter valued at about $1,096,000. Geode Capital Management LLC lifted its position in Silvaco Group by 10.3% during the second quarter. Geode Capital Management LLC now owns 192,211 shares of the company’s stock worth $907,000 after acquiring an additional 18,022 shares during the last quarter. Finally, Werba Rubin Papier Wealth Management boosted its holdings in shares of Silvaco Group by 86.1% during the third quarter. Werba Rubin Papier Wealth Management now owns 186,080 shares of the company’s stock worth $1,007,000 after acquiring an additional 86,080 shares during the period.

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.