Silvaco Group (NASDAQ:SVCO) Issues Earnings Results, Beats Estimates By $0.04 EPS

Silvaco Group (NASDAQ:SVCO) released its quarterly earnings data on Thursday. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.04, FiscalAI reports. Silvaco Group had a negative net margin of 47.59% and a negative return on equity of 15.53%. The business had revenue of $18.25 million during the quarter, compared to analysts’ expectations of $16.38 million.

Silvaco Group Trading Down 0.9%

SVCO traded down $0.03 during trading on Thursday, reaching $3.30. 162,737 shares of the company’s stock were exchanged, compared to its average volume of 124,968. Silvaco Group has a one year low of $3.07 and a one year high of $6.57. The firm has a fifty day moving average price of $4.00 and a two-hundred day moving average price of $4.68. The stock has a market capitalization of $101.11 million, a PE ratio of -3.20 and a beta of 3.48.

Analyst Ratings Changes

Several brokerages have recently issued reports on SVCO. Weiss Ratings reiterated a “sell (e+)” rating on shares of Silvaco Group in a report on Thursday, January 22nd. Wall Street Zen lowered Silvaco Group from a “hold” rating to a “sell” rating in a research report on Saturday, January 31st. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, Silvaco Group currently has a consensus rating of “Moderate Buy” and an average price target of $10.00.

Hedge Funds Weigh In On Silvaco Group

Hedge funds have recently modified their holdings of the business. Raymond James Financial Inc. bought a new stake in shares of Silvaco Group in the second quarter worth $38,000. Wells Fargo & Company MN raised its position in Silvaco Group by 51.2% during the 4th quarter. Wells Fargo & Company MN now owns 9,093 shares of the company’s stock worth $37,000 after purchasing an additional 3,079 shares during the last quarter. HighTower Advisors LLC acquired a new position in Silvaco Group during the 4th quarter worth about $41,000. Strs Ohio bought a new stake in shares of Silvaco Group in the 1st quarter valued at about $50,000. Finally, JPMorgan Chase & Co. grew its position in shares of Silvaco Group by 27.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 13,483 shares of the company’s stock valued at $64,000 after buying an additional 2,895 shares during the last quarter.

About Silvaco Group

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.