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

Silvaco Group, Inc. (NASDAQ:SVCO) has earned a consensus recommendation of “Buy” from the six analysts that are covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a buy rating. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $20.83.

Several research analysts recently issued reports on SVCO shares. Needham & Company LLC cut their target price on Silvaco Group from $26.00 to $19.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. Craig Hallum reduced their target price on shares of Silvaco Group from $25.00 to $17.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. Rosenblatt Securities cut their price target on shares of Silvaco Group from $26.00 to $18.00 and set a “buy” rating on the stock in a report on Thursday, October 17th. TD Cowen decreased their price objective on shares of Silvaco Group from $23.00 to $20.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. Finally, B. Riley restated a “buy” rating and issued a $26.00 target price on shares of Silvaco Group in a research note on Thursday, September 19th.

Silvaco Group Stock Performance

Silvaco Group stock opened at $6.75 on Friday. The firm has a fifty day simple moving average of $11.48. Silvaco Group has a 1-year low of $6.14 and a 1-year high of $21.59.

Silvaco Group (NASDAQ:SVCO) last announced its quarterly earnings results on Wednesday, August 7th. The company reported ($0.81) earnings per share for the quarter, missing the consensus estimate of ($0.67) by ($0.14). The company had revenue of $14.96 million for the quarter, compared to analyst estimates of $14.68 million. Equities research analysts predict that Silvaco Group will post -0.74 EPS for the current year.

Hedge Funds Weigh In On Silvaco Group

Several institutional investors have recently bought and sold shares of the company. Lynrock Lake LP bought a new stake in shares of Silvaco Group in the second quarter valued at $3,596,000. Allspring Global Investments Holdings LLC purchased a new stake in Silvaco Group during the second quarter valued at about $3,485,000. First Eagle Investment Management LLC bought a new position in Silvaco Group during the second quarter worth about $3,469,000. Davidson Kempner Capital Management LP purchased a new position in shares of Silvaco Group in the second quarter worth about $3,182,000. Finally, Ovata Capital Management Ltd bought a new stake in shares of Silvaco Group in the second quarter valued at approximately $1,618,000.

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.