Silvaco Group, Inc. (NASDAQ:SVCO – Get Free Report) has received an average rating of “Moderate Buy” from the five analysts that are presently covering the company, MarketBeat Ratings reports. One research 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 brokerages that have issued ratings on the stock in the last year is $12.6667.
Several analysts have issued reports on the stock. TD Cowen cut their price target on shares of Silvaco Group from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Friday, March 13th. Wall Street Zen upgraded shares of Silvaco Group from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Weiss Ratings upgraded shares of Silvaco Group from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, April 24th. Rosenblatt Securities upped their price target on shares of Silvaco Group from $9.00 to $14.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Finally, Needham & Company LLC upped their price target on shares of Silvaco Group from $10.00 to $18.00 and gave the company a “buy” rating in a research report on Monday, May 11th.
Read Our Latest Stock Report on Silvaco Group
Silvaco Group Stock Performance
Silvaco Group (NASDAQ:SVCO – Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.03. Silvaco Group had a negative net margin of 41.65% and a negative return on equity of 21.93%. The business had revenue of $17.76 million during the quarter, compared to analyst estimates of $17.04 million. On average, sell-side analysts forecast that Silvaco Group will post -0.36 EPS for the current fiscal year.
Institutional Trading of Silvaco Group
Institutional investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN raised its stake in shares of Silvaco Group by 51.2% during the fourth quarter. Wells Fargo & Company MN now owns 9,093 shares of the company’s stock valued at $37,000 after acquiring an additional 3,079 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Silvaco Group during the second quarter valued at about $38,000. HighTower Advisors LLC bought a new position in shares of Silvaco Group during the fourth quarter valued at about $41,000. Strs Ohio bought a new position in shares of Silvaco Group during the first quarter valued at about $50,000. Finally, Squarepoint Ops LLC bought a new position in shares of Silvaco Group during the fourth quarter valued at about $57,000.
About Silvaco Group
Silvaco Group, Inc is a provider of electronic design automation (EDA) software and semiconductor intellectual property (IP) solutions. Founded in 1984 and headquartered in Santa Clara, California, the company offers a suite of tools for process and device simulation, circuit design, verification, and physical implementation. Silvaco’s core product lines include technology computer-aided design (TCAD) for process modeling, SPICE circuit simulators for analog and digital analysis, and layout and parasitic extraction tools for physical verification.
In addition to its EDA software, Silvaco delivers semiconductor IP in areas such as memory compilers, interface IP (including USB, PCI Express and DDR), and embedded analog/mixed-signal cores.
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