Rosenblatt Securities Reiterates Buy Rating for Silvaco Group (NASDAQ:SVCO)

Key Points

• Rosenblatt Securities reiterated a Buy rating on Silvaco Group and set a $14 price target, implying approximately 62.6% upside from the stock’s current price.
• Analyst sentiment is generally positive, with an overall Moderate Buy consensus and an average price target of $12.67; Needham recently raised its target to $18.
• Silvaco reported quarterly EPS of $0.01, in line with expectations, while revenue of $17.81 million was slightly below estimates. The company remains unprofitable, with a negative net margin of 41.65%.

Silvaco Group (NASDAQ:SVCO - Get Free Report)'s stock had its "buy" rating reiterated by stock analysts at Rosenblatt Securities in a research report issued to clients and investors on Friday,Benzinga reports. They currently have a $14.00 target price on the stock. Rosenblatt Securities' price target would indicate a potential upside of 62.60% from the stock's current price.

Other research analysts have also recently issued research reports about the stock. Weiss Ratings raised shares of Silvaco Group from a "sell (e+)" rating to a "sell (d-)" rating in a report on Friday, July 10th. Needham & Company LLC lifted their price objective on Silvaco Group from $10.00 to $18.00 and gave the stock a "buy" rating in a report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $12.67.

Silvaco Group Trading Up 3.7%

Shares of Silvaco Group stock opened at $8.61 on Friday. The business's fifty day simple moving average is $10.56 and its 200 day simple moving average is $7.98. Silvaco Group has a 12 month low of $3.07 and a 12 month high of $14.39. The firm has a market capitalization of $281.37 million, a P/E ratio of -9.26 and a beta of 0.63.

Silvaco Group (NASDAQ:SVCO - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. The company 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 41.65% and a negative return on equity of 21.93%. Analysts predict that Silvaco Group will post -0.23 EPS for the current fiscal year.

Insider Buying and Selling

In other Silvaco Group news, Director Katherine S. Ngai-Pesic sold 200,000 shares of the stock in a transaction that occurred 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 transaction, the director directly owned 9,176,403 shares in the company, valued at approximately $103,418,061.81. This trade represents a 2.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 47.90% of the company's stock.

Institutional Trading of Silvaco Group

Hedge funds have recently made changes to their positions in the business. Global Retirement Partners LLC bought a new stake in shares of Silvaco Group during the second quarter worth $27,000. Bank of New York Mellon Corp purchased a new stake in Silvaco Group during the second quarter worth $437,000. GSA Capital Partners LLP bought a new stake in Silvaco Group during the 2nd quarter valued at $190,000. Walleye Capital LLC bought a new stake in Silvaco Group during the 2nd quarter valued at $831,000. Finally, Bank of America Corp DE increased its holdings in shares of Silvaco Group by 627.6% in the 1st quarter. Bank of America Corp DE now owns 171,762 shares of the company's stock valued at $1,216,000 after acquiring an additional 148,156 shares during the period.

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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