Silvaco Group, Inc. (NASDAQ:SVCO) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Silvaco Group, Inc. (NASDAQ:SVCO) have been given an average rating of “Moderate Buy” by the five research firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $10.00.

SVCO has been the subject of several research reports. Wall Street Zen cut Silvaco Group from a “hold” rating to a “sell” rating in a research note on Saturday, January 31st. Jefferies Financial Group upgraded Silvaco Group to a “strong-buy” rating in a research report on Tuesday, October 28th. Rosenblatt Securities reissued a “buy” rating and set a $12.00 price objective on shares of Silvaco Group in a report on Tuesday, November 4th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Silvaco Group in a research note on Thursday, January 22nd.

Insider Buying and Selling at Silvaco Group

In other news, insider Candace Jackson sold 8,300 shares of the stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $4.25, for a total value of $35,275.00. Following the transaction, the insider owned 43,069 shares of the company’s stock, valued at $183,043.25. This represents a 16.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Walden C. Rhines purchased 29,000 shares of Silvaco Group stock in a transaction dated Tuesday, November 18th. The stock was bought at an average price of $4.07 per share, for a total transaction of $118,030.00. Following the completion of the transaction, the chief executive officer directly owned 92,818 shares in the company, valued at $377,769.26. The trade was a 45.44% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 78,100 shares of company stock valued at $320,641 in the last three months. Insiders own 38.40% of the company’s stock.

Hedge Funds Weigh In On Silvaco Group

Hedge funds have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC grew its position in shares of Silvaco Group by 4,961.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 5,264 shares of the company’s stock worth $25,000 after buying an additional 5,160 shares during the period. Raymond James Financial Inc. bought a new position in Silvaco Group during the 2nd quarter worth approximately $38,000. HighTower Advisors LLC acquired a new position in Silvaco Group during the fourth quarter valued at approximately $41,000. Strs Ohio bought a new stake in Silvaco Group in the first quarter valued at approximately $50,000. Finally, JPMorgan Chase & Co. raised its holdings in Silvaco Group by 27.3% in the second quarter. JPMorgan Chase & Co. now owns 13,483 shares of the company’s stock worth $64,000 after purchasing an additional 2,895 shares during the period.

Silvaco Group Trading Up 8.4%

SVCO opened at $3.89 on Friday. Silvaco Group has a 1-year low of $3.45 and a 1-year high of $8.20. The stock has a market capitalization of $119.19 million, a PE ratio of -3.78 and a beta of 3.30. The firm has a 50-day moving average price of $4.35 and a two-hundred day moving average price of $4.85.

Silvaco Group (NASDAQ:SVCO) last released 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 net margin of 47.59% and a negative return on equity of 15.53%. The company had revenue of $18.67 million for the quarter, compared to the consensus estimate of $15.95 million. On average, research analysts predict that Silvaco Group will post -0.76 EPS for the current year.

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.