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

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

Other research analysts also recently issued reports about the company. Jefferies Financial Group raised Silvaco Group to a “strong-buy” rating in a report on Tuesday, October 28th. Weiss Ratings restated a “sell (e+)” rating on shares of Silvaco Group in a research note on Thursday, January 22nd. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $12.00 price target on shares of Silvaco Group in a report on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $10.00.

Silvaco Group Stock Performance

Shares of NASDAQ SVCO opened at $4.48 on Friday. The firm’s 50 day moving average price is $4.39 and its 200-day moving average price is $4.85. Silvaco Group has a 52-week low of $3.45 and a 52-week high of $8.90. The company has a market cap of $137.27 million, a PE ratio of -4.35 and a beta of 3.31.

Silvaco Group (NASDAQ:SVCO) last announced its quarterly earnings data on Wednesday, November 12th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $18.67 million during the quarter, compared to analysts’ expectations of $15.95 million. On average, analysts forecast that Silvaco Group will post -0.76 earnings per share for the current fiscal year.

Insider Transactions at Silvaco Group

In other Silvaco Group news, major shareholder Katherine S. Ngai-Pesic bought 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The stock was bought at an average cost of $4.13 per share, for a total transaction of $103,250.00. Following the completion of the transaction, the insider owned 10,303,886 shares of the company’s stock, valued at $42,555,049.18. This represents a 0.24% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Candace Jackson sold 8,300 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $4.25, for a total transaction of $35,275.00. Following the sale, the insider directly owned 43,069 shares of the company’s stock, valued at approximately $183,043.25. This represents a 16.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have acquired 78,100 shares of company stock valued at $320,641. 38.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Topline Capital Management LLC purchased a new stake in shares of Silvaco Group in the 2nd quarter worth $1,096,000. First Eagle Investment Management LLC increased its position in Silvaco Group by 20.3% in the second 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 in the last quarter. Cinctive Capital Management LP bought a new position in shares of Silvaco Group in the third quarter worth about $487,000. Werba Rubin Papier Wealth Management lifted its position in shares of Silvaco Group by 86.1% during the 3rd quarter. Werba Rubin Papier Wealth Management now owns 186,080 shares of the company’s stock valued at $1,007,000 after buying an additional 86,080 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new position in shares of Silvaco Group during the 1st quarter valued at about $357,000.

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.