Silvaco Group (NASDAQ:SVCO) Rating Lowered to Sell at Wall Street Zen

Silvaco Group (NASDAQ:SVCO) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Friday.

Other analysts have also recently issued research reports about the stock. Jefferies Financial Group raised shares of Silvaco Group to a “strong-buy” rating in a research note on Tuesday, October 28th. Rosenblatt Securities restated a “buy” rating and set a $12.00 target price 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 report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $10.00.

Silvaco Group Trading Up 0.2%

SVCO stock opened at $4.96 on Friday. Silvaco Group has a 12-month low of $3.45 and a 12-month high of $9.93. The business’s 50-day moving average is $4.35 and its 200 day moving average is $4.87. The stock has a market cap of $151.97 million, a price-to-earnings ratio of -4.82 and a beta of 3.31.

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

Insiders Place Their Bets

In related news, major shareholder Katherine S. Ngai-Pesic acquired 25,000 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The shares were purchased at an average cost of $4.13 per share, for a total transaction of $103,250.00. Following the acquisition, the insider 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Walden C. Rhines acquired 29,000 shares of the stock in a transaction that occurred on Tuesday, November 18th. The shares were bought at an average cost of $4.07 per share, with a total value of $118,030.00. Following the transaction, the chief executive officer directly owned 92,818 shares in the company, valued at $377,769.26. This trade represents a 45.44% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have purchased 78,100 shares of company stock valued at $320,641. 38.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Silvaco Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Cinctive Capital Management LP purchased a new stake in Silvaco Group during the 3rd quarter worth approximately $487,000. Bank of America Corp DE raised its stake in shares of Silvaco Group by 140.2% in the third quarter. Bank of America Corp DE now owns 64,820 shares of the company’s stock valued at $351,000 after acquiring an additional 37,832 shares in the last quarter. Bridgeway Capital Management LLC boosted its holdings in Silvaco Group by 59.2% in the third quarter. Bridgeway Capital Management LLC now owns 39,800 shares of the company’s stock valued at $215,000 after purchasing an additional 14,800 shares during the period. Blair William & Co. IL boosted its holdings in Silvaco Group by 41.2% in the third quarter. Blair William & Co. IL now owns 24,000 shares of the company’s stock valued at $130,000 after purchasing an additional 7,000 shares during the period. Finally, Vanguard Group Inc. grew its stake in Silvaco Group by 6.0% during the 3rd quarter. Vanguard Group Inc. now owns 401,649 shares of the company’s stock worth $2,173,000 after purchasing an additional 22,682 shares in the last quarter.

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.