Silvaco Group, Inc. (NASDAQ:SVCO) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Analysts have a “Moderate Buy” consensus on Silvaco Group, with three buy ratings, one strong-buy rating and one sell rating. The average 12-month price target is $12.67, including recent targets of $14 and $18.
• Silvaco reported quarterly EPS of $0.01, matching estimates, while revenue of $17.81 million came in slightly below the $17.90 million consensus. Analysts expect a full-year loss of approximately $0.23 per share.
• The stock opened at $6.73, well below its 52-week high of $14.39. An insider recently sold 200,000 shares for about $2.25 million, although insiders still own 47.9% of the company.

Shares of Silvaco Group, Inc. (NASDAQ:SVCO - Get Free Report) have been given a consensus rating of "Moderate Buy" by the five ratings firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $12.6667.

A number of equities analysts recently issued reports on the stock. Weiss Ratings upgraded shares of Silvaco Group from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Friday, July 10th. Rosenblatt Securities restated a "buy" rating and set a $14.00 price objective on shares of Silvaco Group in a research note on Friday, August 7th. Finally, Needham & Company LLC lifted their target price on shares of Silvaco Group from $10.00 to $18.00 and gave the stock a "buy" rating in a report on Monday, May 11th.

Insider Buying and Selling at Silvaco Group

In related news, Director Katherine S. Ngai-Pesic sold 200,000 shares of the firm's stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $11.27, for a total transaction of $2,254,000.00. Following the completion of the sale, the director owned 9,176,403 shares of the company's stock, valued at $103,418,061.81. This trade represents a 2.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders have purchased 2,250 shares of company stock worth $24,848 and have sold 208,607 shares worth $2,316,712. 47.90% of the stock is owned by company insiders.

Institutional Trading of Silvaco Group

Several institutional investors have recently added to or reduced their stakes in the business. Global Retirement Partners LLC purchased a new position in shares of Silvaco Group in the second quarter worth $27,000. Quantbot Technologies LP purchased a new stake in shares of Silvaco Group during the second quarter valued at $28,000. Wells Fargo & Company MN raised its position in Silvaco Group by 51.2% in the 4th quarter. Wells Fargo & Company MN now owns 9,093 shares of the company's stock worth $37,000 after buying an additional 3,079 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Silvaco Group in the 2nd quarter worth about $38,000. Finally, HighTower Advisors LLC bought a new position in Silvaco Group during the 4th quarter valued at about $41,000.

Silvaco Group Price Performance

Shares of Silvaco Group stock opened at $6.73 on Thursday. Silvaco Group has a 1 year low of $3.07 and a 1 year high of $14.39. The firm has a market cap of $228.08 million, a price-to-earnings ratio of -9.35 and a beta of 0.63. The company has a 50-day moving average of $9.26 and a 200 day moving average of $8.24.

Silvaco Group (NASDAQ:SVCO - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.01 EPS for the quarter, hitting analysts' consensus estimates of $0.01. Silvaco Group had a negative return on equity of 15.29% and a negative net margin of 30.43%.The firm had revenue of $17.81 million for the quarter, compared to analysts' expectations of $17.90 million. On average, equities analysts anticipate that Silvaco Group will post -0.23 EPS for the current year.

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.

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