Silvaco Group, Inc. (NASDAQ:SVCO) Stock Has Average Price Target of $13.75

Shares of Silvaco Group, Inc. (NASDAQ:SVCO) have received a consensus recommendation of “Moderate Buy” from the five analysts that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation and four have given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $13.75.

Several equities research analysts recently weighed in on the stock. TD Cowen reduced their price target on shares of Silvaco Group from $15.00 to $12.00 and set a “buy” rating for the company in a research report on Thursday, November 5th. Weiss Ratings restated a “sell (d-)” rating on shares of Silvaco Group in a report on Tuesday, October 6th. B. Riley Financial reaffirmed a “buy” rating and issued a $11.00 price objective (down from $16.00) on shares of Silvaco Group in a research report on Monday, November 2nd. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $14.00 target price on shares of Silvaco Group in a research note on Wednesday, September 23rd.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. BlackRock Inc. bought a new position in shares of Silvaco Group during the second quarter valued at $11,080,000. Algert Global LLC purchased a new stake in shares of Silvaco Group during the second quarter valued at $4,962,000. Walleye Capital LLC increased its holdings in Silvaco Group by 2,239.8% in the 1st quarter. Walleye Capital LLC now owns 263,152 shares of the company’s stock worth $1,863,000 after buying an additional 251,905 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Silvaco Group by 555.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 245,712 shares of the company’s stock worth $2,152,000 after buying an additional 208,227 shares in the last quarter. Finally, Bank of America Corp DE bought a new stake in Silvaco Group in the 2nd quarter worth about $2,270,000.

Silvaco Group Stock Performance

NASDAQ:SVCO opened at $7.25 on Tuesday. The firm has a market cap of $245.70 million, a P/E ratio of -10.66 and a beta of 0.64. Silvaco Group has a fifty-two week low of $3.07 and a fifty-two week high of $14.39. The firm has a 50-day simple moving average of $7.13 and a two-hundred day simple moving average of $7.72.

Silvaco Group (NASDAQ:SVCO) last issued its earnings results on Wednesday, November 4th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.05). The firm had revenue of $16.29 million during the quarter, compared to the consensus estimate of $17.08 million. Silvaco Group had a negative return on equity of 13.43% and a negative net margin of 30.45%. On average, equities research analysts predict that Silvaco Group will post -0.23 EPS 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 products help semiconductor manufacturers and electronics companies develop, simulate, verify and optimize integrated circuits, semiconductor devices and related technologies.

The company’s offerings support multiple stages of the chip-development process, including process and device modeling, circuit simulation, physical design, layout automation and design-rule verification.