Key Points
- Silvaco Group director Anthony K.K. Ngai bought 1,000 shares on June 5 at an average price of $13.07, a $13,070 purchase that lifted his direct ownership to 114,976 shares.
- The company recently reported quarterly earnings of -$0.02 per share, beating analyst expectations of -$0.05, while revenue of $17.76 million also came in above estimates.
- Analyst sentiment is mixed but generally positive, with an average “Moderate Buy” rating and a consensus target price of $12.67 after several firms raised their price targets.
Silvaco Group, Inc. (NASDAQ:SVCO - Get Free Report) Director Anthony K.K. Ngai purchased 1,000 shares of the stock in a transaction dated Friday, June 5th. The stock was purchased at an average price of $13.07 per share, for a total transaction of $13,070.00. Following the completion of the acquisition, the director directly owned 114,976 shares in the company, valued at approximately $1,502,736.32. This represents a 0.88% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website.
Silvaco Group Stock Performance
NASDAQ:SVCO opened at $11.49 on Tuesday. Silvaco Group, Inc. has a fifty-two week low of $3.07 and a fifty-two week high of $14.14. The stock has a market capitalization of $375.49 million, a P/E ratio of -12.35 and a beta of 0.76. The company's 50-day simple moving average is $9.49 and its 200-day simple moving average is $6.15.
Silvaco Group (NASDAQ:SVCO - Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported ($0.02) earnings per share for the quarter, beating analysts' consensus estimates of ($0.05) by $0.03. Silvaco Group had a negative net margin of 41.65% and a negative return on equity of 21.93%. The business had revenue of $17.76 million for the quarter, compared to analysts' expectations of $17.04 million. On average, research analysts forecast that Silvaco Group, Inc. will post -0.23 EPS for the current year.
Hedge Funds Weigh In On Silvaco Group
Several large investors have recently made changes to their positions in the company. Bank of America Corp DE lifted its stake 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 purchasing an additional 148,156 shares during the period. Renaissance Technologies LLC acquired a new position in shares of Silvaco Group in the 1st quarter valued at $266,000. Walleye Capital LLC lifted its stake in shares of Silvaco Group by 2,239.8% in the 1st quarter. Walleye Capital LLC now owns 263,152 shares of the company's stock valued at $1,863,000 after purchasing an additional 251,905 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Silvaco Group by 32.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 33,231 shares of the company's stock valued at $235,000 after purchasing an additional 8,186 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of Silvaco Group by 20.2% in the 1st quarter. Bank of New York Mellon Corp now owns 23,012 shares of the company's stock valued at $163,000 after purchasing an additional 3,871 shares during the period.
Wall Street Analyst Weigh In
A number of analysts recently commented on the stock. Rosenblatt Securities lifted their target price on shares of Silvaco Group from $9.00 to $14.00 and gave the stock a "buy" rating in a research note on Friday, May 8th. Weiss Ratings upgraded shares of Silvaco Group from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Friday, April 24th. Wall Street Zen upgraded shares of Silvaco Group from a "sell" rating to a "hold" rating in a research note on Saturday, March 14th. Needham & Company LLC lifted their target price on shares of Silvaco Group from $10.00 to $18.00 and gave the stock a "buy" rating in a research note on Monday, May 11th. Finally, TD Cowen lowered their target price on shares of Silvaco Group from $8.00 to $6.00 and set a "buy" rating for the company in a research note on Friday, March 13th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $12.67.
Check Out Our Latest Analysis on SVCO
About Silvaco Group
(
Get Free Report)
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.
Further Reading
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