Silvaco Group (NASDAQ:SVCO) Sees Strong Trading Volume

Silvaco Group, Inc. (NASDAQ:SVCO) shares saw an uptick in trading volume on Tuesday . 205,097 shares were traded during trading, a decline of 20% from the previous session’s volume of 257,680 shares.The stock last traded at $20.42 and had previously closed at $19.50.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SVCO. Jefferies Financial Group began coverage on Silvaco Group in a report on Monday, June 3rd. They set a “buy” rating and a $25.00 price objective on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $26.00 price objective on shares of Silvaco Group in a report on Friday, June 21st. Craig Hallum began coverage on Silvaco Group in a report on Tuesday, June 4th. They set a “buy” rating and a $25.00 price objective on the stock. TD Cowen began coverage on Silvaco Group in a report on Monday, June 3rd. They set a “buy” rating and a $23.00 price objective on the stock. Finally, B. Riley reaffirmed a “buy” rating and set a $28.00 price objective (up from $26.00) on shares of Silvaco Group in a report on Friday, June 21st. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $25.83.

Silvaco Group Price Performance

The firm has a fifty day moving average of $18.39.

Silvaco Group (NASDAQ:SVCO) last posted its quarterly earnings data on Thursday, June 20th. The company reported $0.12 earnings per share for the quarter. The company had revenue of $15.89 million during the quarter. Equities research analysts anticipate that Silvaco Group, Inc. will post -0.49 EPS for the current year.

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.