Silvaco Group (NASDAQ:SVCO) Issues 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.

Wall Street Analysts Forecast Growth

SVCO has been the topic of a number of analyst reports. Craig Hallum decreased their price target on Silvaco Group from $25.00 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. TD Cowen cut their price target on Silvaco Group from $20.00 to $15.00 and set a “buy” rating for the company in a report on Wednesday, November 13th. Needham & Company LLC reiterated a “buy” rating and issued a $19.00 price target on shares of Silvaco Group in a report on Wednesday, November 13th. Rosenblatt Securities decreased their price target on Silvaco Group from $26.00 to $18.00 and set a “buy” rating on the stock in a research note on Thursday, October 17th. Finally, B. Riley reissued a “buy” rating and issued a $26.00 target price on shares of Silvaco Group in a research report on Thursday, September 19th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, Silvaco Group presently has an average rating of “Buy” and an average target price of $20.00.

Silvaco Group Price Performance

Shares of SVCO opened at $7.50 on Tuesday. The firm’s 50 day moving average price is $7.91 and its 200 day moving average price is $12.19. Silvaco Group has a twelve month low of $6.14 and a twelve month high of $21.59.

Insiders Place Their Bets

In other news, insider Eric Guichard sold 25,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $7.19, for a total value of $179,750.00. Following the transaction, the insider now owns 57,902 shares of the company’s stock, valued at approximately $416,315.38. This trade represents a 30.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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.