Silvaco Group, Inc. (NASDAQ:SVCO) Receives $9.33 Consensus Target Price from Brokerages

Shares of Silvaco Group, Inc. (NASDAQ:SVCO) have been assigned an average recommendation of “Moderate Buy” from the five ratings firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $9.3333.

A number of research analysts have recently issued reports on the stock. TD Cowen reduced their price target on shares of Silvaco Group from $8.00 to $6.00 and set a “buy” rating on the stock in a research report on Friday, March 13th. Wall Street Zen upgraded shares of Silvaco Group from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Needham & Company LLC restated a “buy” rating and issued a $10.00 price target on shares of Silvaco Group in a research report on Monday, March 16th. Finally, Weiss Ratings raised shares of Silvaco Group from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, April 24th.

Institutional Trading of Silvaco Group

A number of large investors have recently modified their holdings of the company. R Squared Ltd acquired a new stake in shares of Silvaco Group in the 1st quarter worth about $99,000. Lepercq De Neuflize Asset Management LLC acquired a new stake in shares of Silvaco Group in the 4th quarter worth about $357,000. Lynrock Lake LP increased its holdings in shares of Silvaco Group by 132.3% in the 4th quarter. Lynrock Lake LP now owns 472,764 shares of the company’s stock worth $1,915,000 after acquiring an additional 269,283 shares during the period. XTX Topco Ltd acquired a new stake in shares of Silvaco Group in the 4th quarter worth about $114,000. Finally, Quadrature Capital Ltd increased its holdings in shares of Silvaco Group by 70.9% in the 4th quarter. Quadrature Capital Ltd now owns 31,682 shares of the company’s stock worth $128,000 after acquiring an additional 13,148 shares during the period.

Silvaco Group Stock Performance

Silvaco Group stock opened at $10.21 on Friday. The firm’s 50-day moving average is $6.37 and its 200-day moving average is $5.22. Silvaco Group has a 1 year low of $3.07 and a 1 year high of $10.57. The company has a market cap of $321.00 million, a P/E ratio of -7.24 and a beta of -0.74.

Silvaco Group (NASDAQ:SVCO) last posted its quarterly earnings results on Thursday, March 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.09. Silvaco Group had a negative net margin of 65.34% and a negative return on equity of 23.01%. The company had revenue of $18.25 million for the quarter, compared to the consensus estimate of $16.38 million. Silvaco Group’s revenue was up 2.2% on a year-over-year basis. As a group, sell-side analysts predict that Silvaco Group will post -0.36 earnings per share for the current year.

Silvaco Group Company Profile

Silvaco Group, Inc is a provider of electronic design automation (EDA) software and semiconductor intellectual property (IP) solutions. Founded in 1984 and headquartered in Santa Clara, California, the company offers a suite of tools for process and device simulation, circuit design, verification, and physical implementation. Silvaco’s core product lines include technology computer-aided design (TCAD) for process modeling, SPICE circuit simulators for analog and digital analysis, and layout and parasitic extraction tools for physical verification.

In addition to its EDA software, Silvaco delivers semiconductor IP in areas such as memory compilers, interface IP (including USB, PCI Express and DDR), and embedded analog/mixed-signal cores.