Silvaco Group, Inc. (NASDAQ:SVCO) Receives Average Recommendation of “Buy” from Analysts

Silvaco Group, Inc. (NASDAQ:SVCO) has earned an average recommendation of “Buy” from the six research firms that are presently covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a buy rating. The average 1-year price target among brokers that have covered the stock in the last year is $20.83.

Several equities analysts have weighed in on the company. Rosenblatt Securities cut their price target on Silvaco Group from $26.00 to $18.00 and set a “buy” rating for the company in a report on Thursday, October 17th. TD Cowen lowered their target price on shares of Silvaco Group from $23.00 to $20.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. B. Riley restated a “buy” rating and set a $26.00 price objective on shares of Silvaco Group in a report on Thursday, September 19th. Needham & Company LLC cut their price objective on shares of Silvaco Group from $26.00 to $19.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. Finally, Craig Hallum decreased their price target on Silvaco Group from $25.00 to $17.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th.

Silvaco Group Stock Up 0.3 %

Shares of NASDAQ:SVCO opened at $6.27 on Friday. The firm’s fifty day moving average is $12.22. Silvaco Group has a 1-year low of $6.14 and a 1-year high of $21.59.

Silvaco Group (NASDAQ:SVCO) last issued its quarterly earnings data on Wednesday, August 7th. The company reported ($0.81) EPS for the quarter, missing the consensus estimate of ($0.67) by ($0.14). The company had revenue of $14.96 million during the quarter, compared to the consensus estimate of $14.68 million. On average, sell-side analysts predict that Silvaco Group will post -0.74 EPS for the current fiscal year.

Institutional Trading of Silvaco Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Federated Hermes Inc. acquired a new stake in shares of Silvaco Group during the second quarter worth about $216,000. Point72 DIFC Ltd purchased a new position in Silvaco Group during the 2nd quarter worth approximately $235,000. Cubist Systematic Strategies LLC acquired a new position in Silvaco Group during the second quarter worth approximately $366,000. XTX Topco Ltd purchased a new stake in Silvaco Group in the second quarter valued at approximately $402,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of Silvaco Group in the second quarter valued at approximately $640,000.

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.