Silvaco Group (NASDAQ:SVCO – Get Free Report)‘s stock had its “buy” rating restated by equities researchers at Rosenblatt Securities in a research report issued to clients and investors on Friday,Benzinga reports. They presently have a $14.00 price objective on the stock. Rosenblatt Securities’ price objective indicates a potential upside of 84.45% from the stock’s current price.
A number of other equities research analysts have also recently commented on SVCO. Weiss Ratings upgraded Silvaco Group from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, July 10th. Needham & Company LLC upped their price target on Silvaco Group from $10.00 to $18.00 and gave the stock a “buy” rating in a report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Silvaco Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.67.
View Our Latest Report on Silvaco Group
Silvaco Group Trading Up 9.8%
Silvaco Group (NASDAQ:SVCO – Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.03. The business had revenue of $17.75 million for the quarter, compared to analysts’ expectations of $17.04 million. Silvaco Group had a negative net margin of 41.65% and a negative return on equity of 21.93%. Equities research analysts predict that Silvaco Group will post -0.23 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Silvaco Group news, Director Katherine S. Ngai-Pesic sold 200,000 shares of the company’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $11.27, for a total transaction of $2,254,000.00. Following the completion of the transaction, the director directly owned 9,176,403 shares in the company, valued at approximately $103,418,061.81. This represents a 2.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 47.90% of the company’s stock.
Institutional Trading of Silvaco Group
Several institutional investors have recently modified their holdings of SVCO. Jacobs Levy Equity Management Inc. acquired a new position in shares of Silvaco Group during the 1st quarter worth about $357,000. Goldman Sachs Group Inc. boosted its holdings in Silvaco Group by 249.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 106,051 shares of the company’s stock worth $484,000 after buying an additional 75,675 shares during the last quarter. Strs Ohio acquired a new stake in Silvaco Group in the 1st quarter worth about $50,000. Geode Capital Management LLC increased its stake in Silvaco Group by 10.3% during the 2nd quarter. Geode Capital Management LLC now owns 192,211 shares of the company’s stock worth $907,000 after buying an additional 18,022 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Silvaco Group by 27.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 13,483 shares of the company’s stock worth $64,000 after buying an additional 2,895 shares in 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.
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