Silvaco Group, Inc. (NASDAQ:SVCO) Receives $12.67 Consensus PT from Analysts

Shares of Silvaco Group, Inc. (NASDAQ:SVCOGet Free Report) have been assigned an average rating of “Moderate Buy” from the five research firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $12.6667.

SVCO has been the subject of several research analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and issued a $14.00 price objective on shares of Silvaco Group in a report on Wednesday. Weiss Ratings raised shares of Silvaco Group from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, July 10th.

Read Our Latest Stock Report on SVCO

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Spark Investment Management LLC bought a new stake in Silvaco Group during the second quarter worth approximately $303,000. Panoramic Capital LLC bought a new position in Silvaco Group during the 2nd quarter valued at $1,034,000. Bank of America Corp DE bought a new position in Silvaco Group during the 2nd quarter valued at $2,270,000. Algert Global LLC acquired a new position in shares of Silvaco Group during the 2nd quarter valued at $4,962,000. Finally, Quantbot Technologies LP acquired a new position in shares of Silvaco Group during the 2nd quarter valued at $28,000.

Silvaco Group Price Performance

SVCO opened at $8.26 on Monday. The stock’s 50 day moving average price is $7.30 and its 200 day moving average price is $8.71. The stock has a market cap of $279.90 million, a P/E ratio of -11.47 and a beta of 0.58. Silvaco Group has a 12 month low of $3.07 and a 12 month high of $14.39.

Silvaco Group (NASDAQ:SVCOGet Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.01. The company had revenue of $17.81 million during the quarter, compared to analyst estimates of $17.90 million. Silvaco Group had a negative return on equity of 15.29% and a negative net margin of 30.43%. Equities analysts anticipate that Silvaco Group will post -0.23 EPS for the current year.

About Silvaco Group

(Get Free Report)

Silvaco Group, Inc is a semiconductor design software and intellectual property company that provides electronic design automation (EDA) and technology computer-aided design (TCAD) solutions. Its software helps semiconductor manufacturers and chip designers model, develop, verify and optimize semiconductor devices and integrated circuits before production.

The company’s offerings include tools for process and device simulation, analog and mixed-signal circuit design, semiconductor manufacturing analysis, and design-rule and modeling workflows.

Featured Articles

Analyst Recommendations for Silvaco Group (NASDAQ:SVCO)

Receive News & Ratings for Silvaco Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Silvaco Group and related companies with MarketBeat.com's FREE daily email newsletter.