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

Wall Street Zen downgraded shares of Silvaco Group (NASDAQ:SVCO) from a hold rating to a sell rating in a research note published on Saturday morning.

Other equities research analysts also recently issued reports about the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Silvaco Group in a research report on Thursday, January 22nd. Rosenblatt Securities reaffirmed a “buy” rating and issued a $12.00 price objective on shares of Silvaco Group in a research note on Tuesday, November 4th. Finally, Jefferies Financial Group upgraded Silvaco Group to a “strong-buy” rating in a research report on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Silvaco Group presently has an average rating of “Moderate Buy” and an average target price of $10.00.

Silvaco Group Stock Performance

SVCO stock opened at $4.47 on Friday. The company’s fifty day moving average price is $4.40 and its 200-day moving average price is $4.86. Silvaco Group has a one year low of $3.45 and a one year high of $8.65. The company has a market capitalization of $136.96 million, a PE ratio of -4.34 and a beta of 3.29.

Silvaco Group (NASDAQ:SVCO) last posted its earnings results on Wednesday, November 12th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.03). The company had revenue of $18.67 million for the quarter, compared to analysts’ expectations of $15.95 million. Silvaco Group had a negative net margin of 47.59% and a negative return on equity of 15.53%. On average, research analysts predict that Silvaco Group will post -0.76 EPS for the current fiscal year.

Insider Buying and Selling

In related 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 bought at an average price of $4.13 per share, for a total transaction of $103,250.00. Following the acquisition, the insider owned 10,303,886 shares of the company’s stock, valued at approximately $42,555,049.18. This represents a 0.24% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Anthony K.K. Ngai acquired 10,000 shares of the company’s stock in a transaction on Tuesday, November 18th. The shares were purchased at an average cost of $4.26 per share, with a total value of $42,600.00. Following the completion of the purchase, the director directly owned 90,777 shares of the company’s stock, valued at $386,710.02. This trade represents a 12.38% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders bought 78,100 shares of company stock worth $320,641. 38.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Silvaco Group

Hedge funds have recently added to or reduced their stakes in the company. Cinctive Capital Management LP purchased a new stake in Silvaco Group in the 3rd quarter worth about $487,000. Bank of America Corp DE grew its stake in shares of Silvaco Group by 140.2% during the third quarter. Bank of America Corp DE now owns 64,820 shares of the company’s stock valued at $351,000 after buying an additional 37,832 shares during the last quarter. Bridgeway Capital Management LLC raised its holdings in shares of Silvaco Group by 59.2% in the third quarter. Bridgeway Capital Management LLC now owns 39,800 shares of the company’s stock worth $215,000 after buying an additional 14,800 shares during the period. Blair William & Co. IL raised its holdings in shares of Silvaco Group by 41.2% in the third quarter. Blair William & Co. IL now owns 24,000 shares of the company’s stock worth $130,000 after buying an additional 7,000 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of 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 acquiring an additional 22,682 shares during the last quarter.

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.