Silvaco Group (NASDAQ:SVCO) Director Acquires $13,070.00 in Stock

Silvaco Group, Inc. (NASDAQ:SVCO) Director Anthony K.K. Ngai bought 1,000 shares of the company’s stock in a transaction on Friday, June 5th. The stock was bought at an average cost 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 of the company’s stock, valued at approximately $1,502,736.32. This represents a 0.88% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Silvaco Group Trading Up 1.7%

Silvaco Group stock traded up $0.19 during mid-day trading on Monday, hitting $11.49. The company had a trading volume of 772,745 shares, compared to its average volume of 593,544. The stock’s 50 day moving average price is $9.49 and its two-hundred day moving average price is $6.15. Silvaco Group, Inc. has a 12 month low of $3.07 and a 12 month high of $14.14. The company has a market capitalization of $375.49 million, a PE ratio of -12.35 and a beta of 0.76.

Silvaco Group (NASDAQ:SVCO) last released its earnings results on Thursday, May 7th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.03. Silvaco Group had a negative return on equity of 21.93% and a negative net margin of 41.65%.The business had revenue of $17.76 million for the quarter, compared to the consensus estimate of $17.04 million. Equities research analysts anticipate that Silvaco Group, Inc. will post -0.23 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on SVCO shares. Weiss Ratings raised Silvaco Group from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, April 24th. Rosenblatt Securities upped their price target on Silvaco Group from $9.00 to $14.00 and gave the company a “buy” rating in a report on Friday, May 8th. Wall Street Zen raised Silvaco Group from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. TD Cowen lowered their price target on Silvaco Group from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Friday, March 13th. Finally, Needham & Company LLC upped their price target on Silvaco Group from $10.00 to $18.00 and gave the company a “buy” rating in a report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $12.67.

Institutional Trading of Silvaco Group

A number of hedge funds have recently bought and sold shares of SVCO. Jacobs Levy Equity Management Inc. purchased a new stake in Silvaco Group during the first quarter valued at $357,000. Goldman Sachs Group Inc. increased its position in Silvaco Group by 249.1% during the first quarter. Goldman Sachs Group Inc. now owns 106,051 shares of the company’s stock valued at $484,000 after acquiring an additional 75,675 shares during the last quarter. Strs Ohio purchased a new stake in Silvaco Group during the first quarter valued at $50,000. Geode Capital Management LLC increased its position in Silvaco Group by 10.3% during the second quarter. Geode Capital Management LLC now owns 192,211 shares of the company’s stock valued at $907,000 after acquiring an additional 18,022 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in Silvaco Group by 27.3% during the second quarter. JPMorgan Chase & Co. now owns 13,483 shares of the company’s stock valued at $64,000 after acquiring an additional 2,895 shares during the last quarter.

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.