Silvaco Group (NASDAQ:SVCO) Share Price Crosses Below 50-Day Moving Average - Time to Sell?

Key Points

• SVCO fell below its 50-day moving average: Shares traded as low as $7.02 and last changed hands at $7.13, below the $7.20 average.
• Silvaco missed quarterly expectations: It reported a loss of $0.04 per share versus analysts’ expected earnings of $0.01, while revenue of $16.29 million also came in below forecasts.
• Analyst sentiment remains generally positive, but targets have declined: The stock has a “Moderate Buy” consensus rating and a $13.75 average target; B. Riley and TD Cowen recently cut their price targets.

Silvaco Group, Inc. (NASDAQ:SVCO - Get Free Report)'s share price crossed below its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $7.20 and traded as low as $7.02. Silvaco Group shares last traded at $7.13, with a volume of 179,361 shares trading hands.

Wall Street Analysts Forecast Growth

SVCO has been the subject of several research analyst reports. Rosenblatt Securities restated a "buy" rating and set a $14.00 price target on shares of Silvaco Group in a report on Wednesday, September 23rd. B. Riley Financial reaffirmed a "buy" rating and set a $11.00 price objective (down from $16.00) on shares of Silvaco Group in a report on Monday, November 2nd. TD Cowen lowered their target price on Silvaco Group from $15.00 to $12.00 and set a "buy" rating for the company in a research report on Thursday, November 5th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Silvaco Group in a research report on Tuesday, October 6th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Silvaco Group currently has an average rating of "Moderate Buy" and a consensus price target of $13.75.

Silvaco Group Stock Down 4.3%

The business's 50 day simple moving average is $7.20 and its 200 day simple moving average is $7.78. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $243.85 million, a PE ratio of -10.49 and a beta of 0.64.

Silvaco Group (NASDAQ:SVCO - Get Free Report) last announced its earnings results on Wednesday, November 4th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.05). Silvaco Group had a negative net margin of 30.45% and a negative return on equity of 13.28%. The business had revenue of $16.29 million for the quarter, compared to analysts' expectations of $17.08 million. On average, equities research analysts forecast that Silvaco Group, Inc. will post -0.23 earnings per share for the current year.

Insider Buying and Selling

In other Silvaco Group news, CFO Christopher Zegarelli sold 39,662 shares of the business's stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $7.05, for a total transaction of $279,617.10. Following the sale, the chief financial officer directly owned 500,662 shares of the company's stock, valued at $3,529,667.10. The trade was a 7.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 49,868 shares of company stock valued at $353,165 in the last ninety days. Company insiders own 47.90% of the company's stock.

Institutional Investors Weigh In On Silvaco Group

Several institutional investors have recently modified their holdings of SVCO. Empowered Funds LLC purchased a new position in shares of Silvaco Group in the 3rd quarter worth approximately $203,000. Aberdeen Group plc bought a new position in shares of Silvaco Group during the 3rd quarter valued at approximately $1,174,000. Russell Investments Group Ltd. increased its position in shares of Silvaco Group by 555.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 245,712 shares of the company's stock valued at $2,152,000 after purchasing an additional 208,227 shares during the last quarter. Penn Capital Management Company LLC purchased a new stake in Silvaco Group during the 3rd quarter valued at $594,000. Finally, CenterBook Partners LP purchased a new stake in Silvaco Group during the 3rd quarter valued at $376,000.

About Silvaco Group

Silvaco Group develops software and intellectual property used in the design and development of semiconductor devices and integrated circuits. Its products serve semiconductor companies and other organizations involved in electronics design and manufacturing. The company's offerings include technology computer-aided design (TCAD) tools, which simulate semiconductor processes and device behavior, and electronic design automation (EDA) software for designing and verifying integrated circuits. Silvaco also provides semiconductor IP, including memory and interface solutions, and offers cloud-based access to some of its tools.

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