Anthony K.K. Ngai Purchases 1,000 Shares of Silvaco Group (NASDAQ:SVCO) Stock

Silvaco Group, Inc. (NASDAQ:SVCO) Director Anthony K.K. Ngai bought 1,000 shares of the company’s stock in a transaction dated Friday, June 5th. The stock was bought at an average cost of $13.07 per share, for a total transaction of $13,070.00. Following the acquisition, the director owned 114,976 shares of the company’s stock, valued at approximately $1,502,736.32. This trade represents a 0.88% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Silvaco Group Stock Down 0.7%

Shares of NASDAQ SVCO opened at $11.41 on Wednesday. Silvaco Group, Inc. has a fifty-two week low of $3.07 and a fifty-two week high of $14.14. The business has a 50 day moving average price of $9.58 and a two-hundred day moving average price of $6.20. The firm has a market cap of $372.88 million, a PE ratio of -12.27 and a beta of 0.75.

Silvaco Group (NASDAQ:SVCO) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.03. The firm had revenue of $17.76 million during the quarter, compared to analyst estimates of $17.04 million. Silvaco Group had a negative return on equity of 21.93% and a negative net margin of 41.65%. On average, analysts anticipate that Silvaco Group, Inc. will post -0.23 earnings per share for the current year.

Institutional Trading of Silvaco Group

A number of institutional investors and hedge funds have recently made changes to their positions in SVCO. Alyeska Investment Group L.P. lifted its position in shares of Silvaco Group by 267.9% in the fourth quarter. Alyeska Investment Group L.P. now owns 732,824 shares of the company’s stock worth $2,968,000 after buying an additional 533,630 shares during the last quarter. Lynrock Lake LP lifted its position in shares of Silvaco Group by 132.3% in 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. Walleye Capital LLC lifted its position in shares of Silvaco Group by 2,239.8% in the first quarter. Walleye Capital LLC now owns 263,152 shares of the company’s stock worth $1,863,000 after buying an additional 251,905 shares during the last quarter. Nano Cap New Millennium Growth Fund L P acquired a new stake in shares of Silvaco Group in the fourth quarter worth about $1,012,000. Finally, Topline Capital Management LLC acquired a new stake in shares of Silvaco Group in the second quarter worth about $1,096,000.

Analysts Set New Price Targets

Several analysts have weighed in on the company. TD Cowen cut their target price on Silvaco Group from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Friday, March 13th. Wall Street Zen raised Silvaco Group from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Needham & Company LLC lifted their target price on Silvaco Group from $10.00 to $18.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Weiss Ratings raised Silvaco Group from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, April 24th. Finally, Rosenblatt Securities boosted their price objective on Silvaco Group from $9.00 to $14.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Silvaco Group presently has an average rating of “Moderate Buy” and an average price target of $12.67.

Silvaco Group Company Profile

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.