Silvaco Group, Inc. (NASDAQ:SVCO) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Silvaco Group, Inc. (NASDAQ:SVCO) have been given an average recommendation of “Moderate Buy” by the five research firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $10.00.

Several equities research analysts have recently issued reports on the company. Wall Street Zen lowered Silvaco Group from a “hold” rating to a “sell” rating in a research report on Saturday, January 31st. Weiss Ratings restated a “sell (e+)” rating on shares of Silvaco Group in a report on Thursday, January 22nd.

Insider Buying and Selling

In other news, CEO Walden C. Rhines bought 13,100 shares of the firm’s stock in a transaction on Tuesday, December 9th. The stock was acquired at an average cost of $4.01 per share, with a total value of $52,531.00. Following the completion of the transaction, the chief executive officer directly owned 105,918 shares of the company’s stock, valued at $424,731.18. This represents a 14.11% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Katherine S. Ngai-Pesic bought 25,000 shares of the stock in a transaction on Wednesday, December 10th. The stock was purchased at an average price of $4.13 per share, for a total transaction of $103,250.00. Following the completion of the purchase, the insider owned 10,303,886 shares of the company’s stock, valued at approximately $42,555,049.18. This trade represents a 0.24% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased a total of 39,100 shares of company stock worth $160,011 in the last ninety days. 38.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Silvaco Group

Several large investors 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 valued at $3,655,000 after buying an additional 130,709 shares in the last quarter. Alyeska Investment Group L.P. raised its holdings in Silvaco Group by 267.9% during the 4th quarter. Alyeska Investment Group L.P. now owns 732,824 shares of the company’s stock valued at $2,968,000 after acquiring an additional 533,630 shares during the period. Lynrock Lake LP lifted its position in shares of Silvaco Group by 132.3% during the fourth quarter. Lynrock Lake LP now owns 472,764 shares of the company’s stock worth $1,915,000 after acquiring an additional 269,283 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Silvaco Group by 6.0% in the third quarter. Vanguard Group Inc. now owns 401,649 shares of the company’s stock worth $2,173,000 after acquiring an additional 22,682 shares during the period. Finally, Nano Cap New Millennium Growth Fund L P purchased a new position in shares of Silvaco Group in the fourth quarter valued at $1,012,000.

Silvaco Group Trading Up 3.9%

Shares of SVCO opened at $3.45 on Thursday. The stock has a 50 day moving average of $4.08 and a 200 day moving average of $4.73. The company has a market capitalization of $105.71 million, a price-to-earnings ratio of -3.35 and a beta of 3.48. Silvaco Group has a 12 month low of $3.15 and a 12 month high of $6.57.

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.