Silvaco Group, Inc. $SVCO Shares Sold by Yiheng Capital Management L.P.

Key Points

• Yiheng Capital Management cut its Silvaco Group stake by 17.3% in the second quarter, selling 189,901 shares and retaining 906,381 shares valued at approximately $12.5 million.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $12.67, despite one sell rating.
• Silvaco reported quarterly EPS of $0.01, in line with estimates, while revenue of $17.81 million fell slightly short of forecasts; the company continues to post negative margins and analysts expect a full-year loss.

Yiheng Capital Management L.P. lessened its stake in Silvaco Group, Inc. (NASDAQ:SVCO - Free Report) by 17.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 906,381 shares of the company's stock after selling 189,901 shares during the quarter. Silvaco Group accounts for about 4.3% of Yiheng Capital Management L.P.'s holdings, making the stock its 7th biggest position. Yiheng Capital Management L.P. owned approximately 2.67% of Silvaco Group worth $12,499,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Global Retirement Partners LLC purchased a new position in shares of Silvaco Group during the 2nd quarter valued at $27,000. Quantbot Technologies LP purchased a new position in Silvaco Group in the second quarter valued at about $28,000. Raymond James Financial Inc. acquired a new position in Silvaco Group in the 2nd quarter worth about $38,000. Wells Fargo & Company MN increased 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 purchasing an additional 3,079 shares during the last quarter. Finally, HighTower Advisors LLC acquired a new position in Silvaco Group in the 4th quarter worth about $41,000.

Wall Street Analyst Weigh In

SVCO has been the subject of several recent research reports. 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 note on Monday, May 11th. Rosenblatt Securities reaffirmed a "buy" rating and set a $14.00 price objective on shares of Silvaco Group in a research report on Friday, August 7th. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Sell rating to the company. According to MarketBeat, Silvaco Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $12.67.

Silvaco Group Stock Performance

NASDAQ SVCO opened at $6.86 on Monday. Silvaco Group, Inc. has a twelve month low of $3.07 and a twelve month high of $14.39. The stock has a market capitalization of $232.49 million, a PE ratio of -9.53 and a beta of 0.64. The stock has a 50-day simple moving average of $9.01 and a 200 day simple moving average of $8.29.

Silvaco Group (NASDAQ:SVCO - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting 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 analyst estimates of $17.90 million. As a group, equities research analysts forecast that Silvaco Group, Inc. will post -0.23 EPS for the current fiscal year.

Insiders Place Their Bets

In other Silvaco Group news, Director Katherine S. Ngai-Pesic sold 200,000 shares of the firm's stock in a transaction on 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 sale, the director directly owned 9,176,403 shares in the company, valued at $103,418,061.81. This trade represents a 2.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last ninety days, insiders have acquired 2,250 shares of company stock valued at $24,848 and have sold 208,607 shares valued at $2,316,712. 47.90% of the stock is currently owned by company insiders.

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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