Alyeska Investment Group L.P. Sells 539,697 Shares of Silvaco Group, Inc. $SVCO

Key Points

• Alyeska Investment Group cut its Silvaco Group stake by 71.6%, selling 539,697 shares during the second quarter and retaining 213,700 shares worth approximately $2.95 million.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $12.67. Silvaco shares opened at $6.53, well below their 12-month high of $14.39.
• Silvaco met quarterly earnings expectations at $0.01 per share, while revenue of $17.81 million slightly missed estimates; the company remains unprofitable, with a negative net margin of 30.43%.

Alyeska Investment Group L.P. cut its stake in Silvaco Group, Inc. (NASDAQ:SVCO - Free Report) by 71.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 213,700 shares of the company's stock after selling 539,697 shares during the quarter. Alyeska Investment Group L.P. owned approximately 0.63% of Silvaco Group worth $2,947,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Jacobs Levy Equity Management Inc. bought a new position in shares of Silvaco Group in the first quarter valued at $357,000. Goldman Sachs Group Inc. increased its stake in shares of Silvaco Group by 249.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 106,051 shares of the company's stock worth $484,000 after purchasing an additional 75,675 shares during the last quarter. Strs Ohio bought a new stake in Silvaco Group in the 1st quarter valued at about $50,000. Geode Capital Management LLC grew its stake in Silvaco Group by 10.3% in the 2nd quarter. Geode Capital Management LLC now owns 192,211 shares of the company's stock valued at $907,000 after buying an additional 18,022 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Silvaco Group by 27.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 13,483 shares of the company's stock worth $64,000 after purchasing an additional 2,895 shares in the last quarter.

Wall Street Analysts Forecast Growth

SVCO has been the subject of a number of research reports. Rosenblatt Securities reissued a "buy" rating and issued a $14.00 price target on shares of Silvaco Group in a research note on Friday, August 7th. Needham & Company LLC increased their target price on Silvaco Group from $10.00 to $18.00 and gave the stock a "buy" rating in a research report on Monday, May 11th. Finally, Weiss Ratings upgraded Silvaco Group from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $12.67.

Silvaco Group Trading Down 5.9%

NASDAQ:SVCO opened at $6.53 on Wednesday. The business's 50-day moving average is $8.76 and its 200 day moving average is $8.33. Silvaco Group, Inc. has a 12 month low of $3.07 and a 12 month high of $14.39. The company has a market capitalization of $221.30 million, a P/E ratio of -9.07 and a beta of 0.58.

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

Insider Buying and Selling

In other news, Director Katherine S. Ngai-Pesic sold 200,000 shares of the stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $11.27, for a total transaction of $2,254,000.00. Following the transaction, the director owned 9,176,403 shares of the company's stock, valued at approximately $103,418,061.81. This represents a 2.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders acquired 2,250 shares of company stock worth $24,848 and sold 208,607 shares worth $2,316,712. 47.90% of the stock is owned by insiders.

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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