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

Shares of Silvaco Group, Inc. (NASDAQ:SVCO) have been given an average rating of “Moderate Buy” by the five brokerages that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given 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 research analysts have issued reports on the company. Wall Street Zen downgraded Silvaco Group from a “hold” rating to a “sell” rating in a report on Saturday, January 31st. Weiss Ratings reissued a “sell (e+)” rating on shares of Silvaco Group in a research note on Thursday, January 22nd.

Insider Transactions at Silvaco Group

In other news, major shareholder Katherine S. Ngai-Pesic purchased 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The shares were acquired at an average price 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 approximately $42,555,049.18. The trade was a 0.24% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 38.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SVCO. Alyeska Investment Group L.P. boosted its stake in shares of Silvaco Group by 267.9% in the 4th quarter. Alyeska Investment Group L.P. now owns 732,824 shares of the company’s stock valued at $2,968,000 after purchasing an additional 533,630 shares during the last quarter. Lynrock Lake LP raised its stake 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 buying an additional 269,283 shares during the last quarter. Nano Cap New Millennium Growth Fund L P bought a new stake in shares of Silvaco Group during the fourth quarter worth approximately $1,012,000. Topline Capital Management LLC acquired a new position in Silvaco Group in the second quarter valued at approximately $1,096,000. Finally, First Eagle Investment Management LLC lifted its holdings 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 valued at $3,655,000 after buying an additional 130,709 shares during the period.

Silvaco Group Price Performance

SVCO opened at $3.29 on Thursday. The stock has a market capitalization of $100.81 million, a P/E ratio of -3.19 and a beta of 3.48. The company’s 50 day simple moving average is $4.03 and its 200-day simple moving average is $4.70. Silvaco Group has a one year low of $3.07 and a one year 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.