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

Silvaco Group, Inc. (NASDAQ:SVCO) has received an average rating of “Buy” from the six research firms that are covering the stock, Marketbeat reports. Six analysts have rated the stock with a buy rating. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $25.83.

Several equities research analysts have issued reports on the company. Craig Hallum assumed coverage on Silvaco Group in a research report on Tuesday, June 4th. They set a “buy” rating and a $25.00 target price on the stock. B. Riley reaffirmed a “buy” rating and issued a $28.00 price target (up previously from $26.00) on shares of Silvaco Group in a report on Friday, June 21st. Jefferies Financial Group started coverage on shares of Silvaco Group in a report on Monday, June 3rd. They issued a “buy” rating and a $25.00 price target on the stock. Rosenblatt Securities reaffirmed a “buy” rating and issued a $26.00 price target on shares of Silvaco Group in a report on Friday, June 21st. Finally, TD Cowen started coverage on shares of Silvaco Group in a report on Monday, June 3rd. They issued a “buy” rating and a $23.00 price target on the stock.

Institutional Investors Weigh In On Silvaco Group

A hedge fund recently bought a new stake in Silvaco Group stock. Allspring Global Investments Holdings LLC purchased a new stake in shares of Silvaco Group, Inc. (NASDAQ:SVCO) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 193,829 shares of the company’s stock, valued at approximately $3,485,000. Allspring Global Investments Holdings LLC owned approximately 0.74% of Silvaco Group as of its most recent SEC filing.

Silvaco Group Trading Down 6.1 %

NASDAQ:SVCO opened at $17.16 on Thursday. The stock’s fifty day moving average is $18.33. Silvaco Group has a 1 year low of $15.81 and a 1 year high of $21.59.

Silvaco Group (NASDAQ:SVCO) last posted its earnings results on Thursday, June 20th. The company reported $0.12 earnings per share (EPS) for the quarter. The company had revenue of $15.89 million for the quarter. On average, analysts predict that Silvaco Group will post -0.49 earnings per share for the current fiscal year.

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.