Silvaco Group (NASDAQ:SVCO) Receives Sell (E+) Rating from Weiss Ratings

Key Points

• Silvaco Group (NASDAQ:SVCO) received a "sell (e+)" rating from Weiss Ratings, restating concerns about the company's stock performance.
• Multiple analysts have recently adjusted their target prices for Silvaco Group, with TD Cowen lowering it from $10.00 to $8.00, while the average rating remains a "Moderate Buy" with a target price of $11.25.
• Insider transactions indicate confidence, as Director Anthony K.K. Ngai and CFO Christopher John Zegarelli recently purchased shares, increasing their positions in the company.

Silvaco Group (NASDAQ:SVCO - Get Free Report)'s stock had its "sell (e+)" rating restated by Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Several other equities analysts have also recently commented on the stock. TD Cowen cut their target price on shares of Silvaco Group from $10.00 to $8.00 and set a "buy" rating for the company in a research note on Friday, August 8th. Rosenblatt Securities cut their target price on shares of Silvaco Group from $14.00 to $12.00 and set a "buy" rating for the company in a research note on Thursday, August 7th. Four analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, Silvaco Group has an average rating of "Moderate Buy" and a consensus target price of $11.25.

Silvaco Group Price Performance

NASDAQ:SVCO opened at $6.04 on Wednesday. The stock has a market cap of $183.50 million, a P/E ratio of -5.59 and a beta of 3.13. Silvaco Group has a one year low of $3.55 and a one year high of $12.53. The company has a fifty day moving average price of $5.08 and a 200 day moving average price of $4.84.

Insider Buying and Selling at Silvaco Group

In other Silvaco Group news, Director Anthony K.K. Ngai purchased 5,000 shares of the stock in a transaction on Monday, September 8th. The shares were purchased at an average price of $5.30 per share, with a total value of $26,500.00. Following the acquisition, the director directly owned 74,077 shares of the company's stock, valued at $392,608.10. This represents a 7.24% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Christopher John Zegarelli purchased 5,100 shares of the stock in a transaction on Monday, September 15th. The stock was acquired at an average cost of $5.03 per share, for a total transaction of $25,653.00. Following the acquisition, the chief financial officer directly owned 8,493 shares in the company, valued at approximately $42,719.79. This trade represents a 150.31% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 16,800 shares of company stock worth $87,450 in the last three months. Insiders own 38.40% of the company's stock.

Institutional Investors Weigh In On Silvaco Group

Several large investors have recently made changes to their positions in SVCO. SBI Securities Co. Ltd. bought a new stake in shares of Silvaco Group in the 1st quarter worth about $30,000. Federated Hermes Inc. grew its holdings in shares of Silvaco Group by 162.5% in the 1st quarter. Federated Hermes Inc. now owns 126,000 shares of the company's stock worth $575,000 after purchasing an additional 78,000 shares during the last quarter. Blair William & Co. IL bought a new stake in shares of Silvaco Group in the 1st quarter worth about $46,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Silvaco Group by 8.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 60,724 shares of the company's stock worth $277,000 after purchasing an additional 4,667 shares during the last quarter. Finally, Stoneridge Investment Partners LLC bought a new stake in shares of Silvaco Group in the 1st quarter worth about $77,000.

About Silvaco Group

Silvaco Group Inc is a provider of TCAD, EDA software and SIP solutions which enable semiconductor design and AI through software and innovation. The company's solutions are used for process and device development across display, power devices, automotive, memory, high performance compute, photonics, internet of things and 5G/6G mobile markets for complex SoC design.

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