Silvaco Group (NASDAQ:SVCO) Releases Q4 Earnings Guidance

Silvaco Group (NASDAQ:SVCO) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.13-0.17 for the period, compared to the consensus earnings per share estimate of $0.13. The company issued revenue guidance of $17.7-18.1 million, compared to the consensus revenue estimate of $19.61 million. Silvaco Group also updated its Q4 2024 guidance to 0.130-0.170 EPS.

Silvaco Group Stock Performance

SVCO stock opened at $8.22 on Thursday. Silvaco Group has a one year low of $6.14 and a one year high of $21.59. The firm’s fifty day moving average is $7.94 and its 200 day moving average is $12.12.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. B. Riley restated a “buy” rating and issued a $26.00 price target on shares of Silvaco Group in a research note on Thursday, September 19th. TD Cowen dropped their price objective on Silvaco Group from $20.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday, November 13th. Craig Hallum reduced their target price on Silvaco Group from $17.00 to $15.00 and set a “buy” rating for the company in a research note on Wednesday. Rosenblatt Securities reissued a “buy” rating and issued a $18.00 price target on shares of Silvaco Group in a research note on Wednesday. Finally, Needham & Company LLC reissued a “buy” rating and issued a $19.00 price target on shares of Silvaco Group in a report on Wednesday, November 13th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $19.67.

Insider Buying and Selling

In related news, insider Eric Guichard sold 25,000 shares of Silvaco Group stock in a transaction on Friday, November 15th. The shares were sold at an average price of $7.19, for a total transaction of $179,750.00. Following the sale, the insider now directly owns 57,902 shares in the company, valued at $416,315.38. This trade represents a 30.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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.