Silvaco Group (NASDAQ:SVCO) Updates Q4 Earnings Guidance

Silvaco Group (NASDAQ:SVCO) updated its fourth quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.13-0.17 for the period, compared to the consensus estimate of $0.13. The company issued revenue guidance of $17.7-18.1 million, compared to the consensus revenue estimate of $19.61 million. Silvaco Group also updated its Q4 2024 guidance to 0.130-0.170 EPS.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on SVCO shares. Craig Hallum cut their price target on shares of Silvaco Group from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday. Rosenblatt Securities reiterated a “buy” rating and issued a $18.00 price target on shares of Silvaco Group in a research note on Wednesday. Needham & Company LLC restated a “buy” rating and set a $19.00 price target on shares of Silvaco Group in a research note on Wednesday, November 13th. TD Cowen decreased their price objective on shares of Silvaco Group from $20.00 to $15.00 and set a “buy” rating for the company in a research report on Wednesday, November 13th. Finally, B. Riley reissued a “buy” rating and set a $26.00 target price on shares of Silvaco Group in a research report on Thursday, September 19th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Silvaco Group has an average rating of “Buy” and an average target price of $19.67.

Silvaco Group Stock Performance

Shares of NASDAQ:SVCO opened at $8.22 on Thursday. Silvaco Group has a 52-week low of $6.14 and a 52-week high of $21.59. The business has a 50-day moving average price of $7.94 and a 200-day moving average price of $12.12.

Insiders Place Their Bets

In other news, insider Eric Guichard sold 25,000 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $7.19, for a total value of $179,750.00. Following the sale, the insider now owns 57,902 shares in the company, valued at $416,315.38. This represents a 30.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Silvaco Group Company Profile

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.