Algert Global LLC Invests $4.96 Million in Silvaco Group, Inc. $SVCO

Key Points

• Algert Global LLC acquired 359,850 Silvaco Group shares worth approximately $4.96 million, representing about 1.06% of the company.
• Analyst sentiment is generally positive: Silvaco has a consensus “Moderate Buy” rating and a $12.67 average price target, although a director recently sold 200,000 shares for $2.25 million.
• Silvaco reported quarterly revenue of $17.81 million and EPS of $0.01, in line with earnings expectations but slightly below revenue estimates; the company remains unprofitable, with a negative net margin of 30.43%.

Algert Global LLC bought a new position in shares of Silvaco Group, Inc. (NASDAQ:SVCO - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 359,850 shares of the company's stock, valued at approximately $4,962,000. Algert Global LLC owned about 1.06% of Silvaco Group as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Global Retirement Partners LLC acquired a new position in Silvaco Group in the second quarter valued at $27,000. Quantbot Technologies LP purchased a new stake in Silvaco Group in the second quarter valued at approximately $28,000. Wells Fargo & Company MN boosted its holdings in shares of Silvaco Group by 51.2% in the fourth quarter. Wells Fargo & Company MN now owns 9,093 shares of the company's stock valued at $37,000 after acquiring an additional 3,079 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Silvaco Group during the second quarter worth approximately $38,000. Finally, HighTower Advisors LLC acquired a new position in shares of Silvaco Group in the 4th quarter valued at $41,000.

Insider Transactions at Silvaco Group

In other Silvaco Group news, Director Katherine S. Ngai-Pesic sold 200,000 shares of the stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $11.27, for a total value of $2,254,000.00. Following the completion of the transaction, the director directly owned 9,176,403 shares of the company's stock, valued at approximately $103,418,061.81. This trade represents a 2.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last three months, insiders have bought 2,250 shares of company stock valued at $24,848 and have sold 208,607 shares valued at $2,316,712. Company insiders own 47.90% of the company's stock.

Analysts Set New Price Targets

SVCO has been the topic of several research reports. Weiss Ratings raised shares of Silvaco Group from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Friday, July 10th. Rosenblatt Securities reiterated a "buy" rating and set a $14.00 target price on shares of Silvaco Group in a research note on Friday, August 7th. Finally, Needham & Company LLC boosted their price target on Silvaco Group from $10.00 to $18.00 and gave the company a "buy" rating in a research report on Monday, May 11th. One investment 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 data from MarketBeat, Silvaco Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $12.67.

Silvaco Group Trading Up 7.6%

NASDAQ SVCO opened at $7.24 on Friday. The stock has a market capitalization of $245.36 million, a price-to-earnings ratio of -10.06 and a beta of 0.63. The business's 50 day moving average is $9.14 and its two-hundred day moving average is $8.27. Silvaco Group, Inc. has a 12-month low of $3.07 and a 12-month high of $14.39.

Silvaco Group (NASDAQ:SVCO - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. Silvaco Group had a negative return on equity of 15.29% and a negative net margin of 30.43%.The business had revenue of $17.81 million during the quarter, compared to analysts' expectations of $17.90 million. Equities analysts forecast that Silvaco Group, Inc. will post -0.23 earnings per share for the current fiscal year.

Silvaco Group 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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