Silvaco Group (NASDAQ:SVCO) Downgraded to Sell Rating by Wall Street Zen

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

Several other equities analysts have also recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Silvaco Group in a research report on Wednesday, October 8th. Rosenblatt Securities reaffirmed a “buy” rating and set a $12.00 target price on shares of Silvaco Group in a research report on Tuesday, November 4th. Finally, Jefferies Financial Group raised Silvaco Group to a “strong-buy” rating in a research report on Tuesday, October 28th. 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 presently has an average rating of “Moderate Buy” and a consensus price target of $10.00.

Silvaco Group Stock Up 0.2%

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

Silvaco Group (NASDAQ:SVCO) last announced its quarterly 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). Silvaco Group had a negative net margin of 47.59% and a negative return on equity of 15.53%. The business had revenue of $18.67 million for the quarter, compared to the consensus estimate of $15.95 million. On average, analysts expect that Silvaco Group will post -0.76 EPS for the current year.

Insiders Place Their Bets

In other Silvaco Group news, Director Anthony K.K. Ngai acquired 10,000 shares of the business’s stock in a transaction on Tuesday, November 18th. The shares were acquired at an average price of $4.26 per share, with a total value of $42,600.00. Following the completion of the transaction, the director owned 90,777 shares in the company, valued at approximately $386,710.02. This trade represents a 12.38% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Walden C. Rhines acquired 29,000 shares of Silvaco Group stock in a transaction on Tuesday, November 18th. The stock was acquired at an average price of $4.07 per share, with a total value of $118,030.00. Following the purchase, the chief executive officer directly owned 92,818 shares in the company, valued at approximately $377,769.26. This trade represents a 45.44% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have bought 78,100 shares of company stock worth $320,641 over the last 90 days. 38.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Silvaco Group

Hedge funds have recently made changes to their positions in the business. First Eagle Investment Management LLC raised its holdings in shares of Silvaco Group by 20.3% in the 2nd quarter. First Eagle Investment Management LLC now owns 774,438 shares of the company’s stock worth $3,655,000 after purchasing an additional 130,709 shares during the period. Blair William & Co. IL lifted its holdings in Silvaco Group by 70.0% during the 2nd quarter. Blair William & Co. IL now owns 17,000 shares of the company’s stock worth $80,000 after purchasing an additional 7,000 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Silvaco Group by 4,961.5% in the second quarter. Nisa Investment Advisors LLC now owns 5,264 shares of the company’s stock worth $25,000 after buying an additional 5,160 shares in the last quarter. Bank of America Corp DE lifted its stake in Silvaco Group by 140.2% in the 3rd quarter. Bank of America Corp DE now owns 64,820 shares of the company’s stock worth $351,000 after purchasing an additional 37,832 shares in the last quarter. Finally, Bridgeway Capital Management LLC boosted its stake in Silvaco Group by 59.2% during the third quarter. Bridgeway Capital Management LLC now owns 39,800 shares of the company’s stock valued at $215,000 after buying an additional 14,800 shares during the period.

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.