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

Shares of Silvaco Group, Inc. (NASDAQ:SVCO) have earned an average rating of “Moderate Buy” from the five brokerages that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $12.67.

A number of research analysts recently commented on the company. Rosenblatt Securities restated a “buy” rating and set a $14.00 price objective on shares of Silvaco Group in a research note on Wednesday. Weiss Ratings raised shares of Silvaco Group from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, July 10th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Walleye Capital LLC increased its stake in Silvaco Group by 2,239.8% during the 1st quarter. Walleye Capital LLC now owns 263,152 shares of the company’s stock valued at $1,863,000 after buying an additional 251,905 shares during the period. Lepercq De Neuflize Asset Management LLC acquired a new stake in Silvaco Group in the 4th quarter valued at about $357,000. BlackRock Inc. bought a new position in shares of Silvaco Group during the 2nd quarter valued at about $11,080,000. Bank of America Corp DE boosted its position in shares of Silvaco Group by 627.6% during the 1st quarter. Bank of America Corp DE now owns 171,762 shares of the company’s stock valued at $1,216,000 after purchasing an additional 148,156 shares in the last quarter. Finally, Algert Global LLC acquired a new position in shares of Silvaco Group in the 2nd quarter worth approximately $4,962,000.

Silvaco Group Trading Down 1.2%

Shares of NASDAQ SVCO opened at $8.36 on Monday. Silvaco Group has a twelve month low of $3.07 and a twelve month high of $14.39. The company has a market capitalization of $283.32 million, a price-to-earnings ratio of -11.61 and a beta of 0.58. The business has a 50 day simple moving average of $7.30 and a 200-day simple moving average of $8.74.

Silvaco Group (NASDAQ:SVCO) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. Silvaco Group had a negative return on equity of 15.29% and a negative net margin of 30.43%.The firm had revenue of $17.81 million for the quarter, compared to analysts’ expectations of $17.90 million. As a group, equities analysts predict that Silvaco Group will post -0.23 earnings per share for the current year.

About Silvaco Group

Silvaco Group, Inc is a semiconductor design software and intellectual property company that provides electronic design automation (EDA) and technology computer-aided design (TCAD) solutions. Its software helps semiconductor manufacturers and chip designers model, develop, verify and optimize semiconductor devices and integrated circuits before production.

The company’s offerings include tools for process and device simulation, analog and mixed-signal circuit design, semiconductor manufacturing analysis, and design-rule and modeling workflows.