Silvaco Group, Inc. (NASDAQ:SVCO) Receives Average Rating of “Moderate Buy” from Analysts

Silvaco Group, Inc. (NASDAQ:SVCO) has been assigned a consensus rating of “Moderate Buy” from the five ratings firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $12.6667.

A number of brokerages recently weighed in on SVCO. Weiss Ratings raised Silvaco Group from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, April 24th. Needham & Company LLC lifted their target price on Silvaco Group from $10.00 to $18.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Rosenblatt Securities lifted their target price on Silvaco Group from $9.00 to $14.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Wall Street Zen raised Silvaco Group from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Finally, TD Cowen lowered their target price on Silvaco Group from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Friday, March 13th.

Silvaco Group Trading Down 6.3%

Shares of SVCO opened at $9.45 on Tuesday. The business’s 50-day moving average price is $7.91 and its 200 day moving average price is $5.56. The stock has a market capitalization of $308.83 million, a P/E ratio of -10.16 and a beta of 0.88. Silvaco Group has a 1-year low of $3.07 and a 1-year high of $12.81.

Silvaco Group (NASDAQ:SVCO) last issued its quarterly earnings results on Thursday, May 7th. The company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.03. The firm had revenue of $17.76 million for the quarter, compared to analysts’ expectations of $17.04 million. Silvaco Group had a negative return on equity of 21.93% and a negative net margin of 41.65%. On average, research analysts predict that Silvaco Group will post -0.36 earnings per share for the current year.

Hedge Funds Weigh In On Silvaco Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Wells Fargo & Company MN grew its stake in Silvaco Group by 51.2% during the 4th quarter. Wells Fargo & Company MN now owns 9,093 shares of the company’s stock valued at $37,000 after acquiring an additional 3,079 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Silvaco Group in the 2nd quarter valued at approximately $38,000. HighTower Advisors LLC bought a new stake in shares of Silvaco Group in the 4th quarter valued at approximately $41,000. Strs Ohio bought a new stake in shares of Silvaco Group in the 1st quarter valued at approximately $50,000. Finally, Squarepoint Ops LLC bought a new stake in shares of Silvaco Group in the 4th quarter valued at approximately $57,000.

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.