Silvaco Group (NASDAQ:SVCO – Get Free Report)‘s stock had its “buy” rating reiterated by stock analysts at Rosenblatt Securities in a report issued on Wednesday, Benzinga reports. They presently have a $14.00 target price on the stock. Rosenblatt Securities’ price target would indicate a potential upside of 74.13% from the stock’s previous close.
Separately, Weiss Ratings upgraded shares of Silvaco Group from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $12.67.
Check Out Our Latest Stock Report on SVCO
Silvaco Group Price Performance
Silvaco Group (NASDAQ:SVCO – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.01. The firm had revenue of $17.81 million during the quarter, compared to analysts’ expectations of $17.90 million. Silvaco Group had a negative return on equity of 15.29% and a negative net margin of 30.43%. Research analysts expect that Silvaco Group will post -0.23 EPS for the current fiscal year.
Institutional Trading of Silvaco Group
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in Silvaco Group in the second quarter worth about $11,080,000. Algert Global LLC acquired a new stake in Silvaco Group during the second quarter valued at approximately $4,962,000. Walleye Capital LLC lifted its holdings in Silvaco Group by 2,239.8% during the 1st quarter. Walleye Capital LLC now owns 263,152 shares of the company’s stock worth $1,863,000 after buying an additional 251,905 shares during the last quarter. Bank of America Corp DE bought a new position in Silvaco Group during the 2nd quarter worth approximately $2,270,000. Finally, Lepercq De Neuflize Asset Management LLC bought a new position in Silvaco Group during the 4th quarter worth approximately $357,000.
Silvaco Group Company Profile
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.
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