Analysts Set Silvaco Group, Inc. (NASDAQ:SVCO) PT at $25.50

Shares of Silvaco Group, Inc. (NASDAQ:SVCO) have been given a consensus rating of “Buy” by the six analysts that are currently covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokers that have covered the stock in the last year is $25.50.

Several brokerages recently weighed in on SVCO. B. Riley reaffirmed a “buy” rating and issued a $26.00 price target on shares of Silvaco Group in a research note on Thursday, September 19th. Rosenblatt Securities reiterated a “buy” rating and issued a $26.00 price target on shares of Silvaco Group in a research note on Tuesday, September 17th. Finally, Needham & Company LLC reissued a “buy” rating and set a $28.00 price objective on shares of Silvaco Group in a research note on Friday, June 21st.

Institutional Investors Weigh In On Silvaco Group

Institutional investors have recently made changes to their positions in the company. Federated Hermes Inc. bought a new stake in shares of Silvaco Group in the 2nd quarter worth $216,000. Point72 DIFC Ltd bought a new position in Silvaco Group during the 2nd quarter valued at about $235,000. Cubist Systematic Strategies LLC bought a new stake in shares of Silvaco Group in the second quarter worth approximately $366,000. XTX Topco Ltd purchased a new position in shares of Silvaco Group during the second quarter valued at approximately $402,000. Finally, Squarepoint Ops LLC bought a new position in Silvaco Group during the second quarter valued at approximately $640,000.

Silvaco Group Trading Down 1.5 %

Shares of NASDAQ:SVCO opened at $12.12 on Tuesday. The firm’s 50-day simple moving average is $14.72. Silvaco Group has a 1 year low of $11.61 and a 1 year high of $21.59.

Silvaco Group (NASDAQ:SVCO) last released its quarterly earnings results on Wednesday, August 7th. The company reported ($0.81) earnings per share for the quarter, missing the consensus estimate of ($0.67) by ($0.14). The company had revenue of $14.96 million for the quarter, compared to analyst estimates of $14.68 million. On average, analysts expect that Silvaco Group will post -0.63 earnings per share for the current fiscal year.

Silvaco Group Company Profile

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.