Shares of Silvaco Group, Inc. (NASDAQ:SVCO - Get Free Report) have received an average recommendation of "Buy" from the six research firms that are presently covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a buy rating. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $25.83.
SVCO has been the topic of a number of research analyst reports. Rosenblatt Securities reiterated a "buy" rating and issued a $26.00 target price on shares of Silvaco Group in a research note on Friday, June 21st. Craig Hallum started coverage on shares of Silvaco Group in a report on Tuesday, June 4th. They set a "buy" rating and a $25.00 price objective on the stock. TD Cowen started coverage on shares of Silvaco Group in a research note on Monday, June 3rd. They issued a "buy" rating and a $23.00 target price for the company. Jefferies Financial Group assumed coverage on shares of Silvaco Group in a research report on Monday, June 3rd. They issued a "buy" rating and a $25.00 price target on the stock. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $28.00 price objective on shares of Silvaco Group in a report on Friday, June 21st.
Check Out Our Latest Analysis on SVCO
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of SVCO. Federated Hermes Inc. purchased a new stake in shares of Silvaco Group in the second quarter worth $216,000. Point72 DIFC Ltd purchased a new position in shares of Silvaco Group during the second quarter worth about $235,000. Cubist Systematic Strategies LLC purchased a new position in shares of Silvaco Group during the second quarter worth about $366,000. XTX Topco Ltd bought a new position in shares of Silvaco Group in the second quarter worth approximately $402,000. Finally, Squarepoint Ops LLC purchased a new stake in Silvaco Group in the second quarter valued at approximately $640,000.
Silvaco Group Trading Down 0.4 %
Shares of SVCO traded down $0.07 on Monday, reaching $16.12. 368,977 shares of the company's stock traded hands, compared to its average volume of 261,511. The business has a 50 day moving average price of $17.68. Silvaco Group has a 52-week low of $15.01 and a 52-week high of $21.59.
Silvaco Group (NASDAQ:SVCO - Get Free Report) last released its earnings results on Thursday, June 20th. The company reported $0.12 EPS for the quarter. The business had revenue of $15.89 million for the quarter. As a group, equities research analysts predict that Silvaco Group will post -0.49 earnings per share for the current year.
About Silvaco Group
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Get Free ReportSilvaco Group Inc is a provider of TCAD, EDA software and SIP solutions which enable semiconductor design and AI through software and innovation. The company's solutions are used for process and device development across display, power devices, automotive, memory, high performance compute, photonics, internet of things and 5G/6G mobile markets for complex SoC design.
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