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

Shares of Silvaco Group, Inc. (NASDAQ:SVCO - Get Free Report) have been given an average recommendation of "Buy" by the six brokerages that are currently covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a buy rating. The average 1-year price target among analysts that have covered the stock in the last year is $20.83.

SVCO has been the subject of a number of research analyst reports. Rosenblatt Securities decreased their target price on Silvaco Group from $26.00 to $18.00 and set a "buy" rating for the company in a research report on Thursday, October 17th. Craig Hallum reduced their price objective on Silvaco Group from $25.00 to $17.00 and set a "buy" rating for the company in a research note on Wednesday, October 16th. Needham & Company LLC lowered their target price on shares of Silvaco Group from $26.00 to $19.00 and set a "buy" rating on the stock in a research report on Thursday, October 17th. TD Cowen cut their target price on shares of Silvaco Group from $23.00 to $20.00 and set a "buy" rating on the stock in a report on Wednesday, October 16th. Finally, B. Riley reiterated a "buy" rating and set a $26.00 price target on shares of Silvaco Group in a research note on Thursday, September 19th.

Silvaco Group Trading Up 0.3 %

Shares of NASDAQ:SVCO traded up $0.02 during trading on Friday, hitting $6.27. 242,169 shares of the company were exchanged, compared to its average volume of 755,864. The company has a 50 day moving average of $12.22. Silvaco Group has a 12-month low of $6.14 and a 12-month high of $21.59.

Silvaco Group (NASDAQ:SVCO - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The company reported ($0.81) earnings per share for the quarter, missing analysts' consensus estimates of ($0.67) by ($0.14). The company had revenue of $14.96 million for the quarter, compared to analysts' expectations of $14.68 million. As a group, equities research analysts predict that Silvaco Group will post -0.74 EPS for the current fiscal year.

Institutional Investors Weigh In On Silvaco Group

Several large investors have recently modified their holdings of SVCO. Allspring Global Investments Holdings LLC purchased a new position in Silvaco Group in the 2nd quarter valued at $3,485,000. Ovata Capital Management Ltd acquired a new stake in shares of Silvaco Group in the 2nd quarter worth $1,618,000. Federated Hermes Inc. purchased a new stake in shares of Silvaco Group in the second quarter valued at about $216,000. First Eagle Investment Management LLC acquired a new position in shares of Silvaco Group during the second quarter worth about $3,469,000. Finally, XTX Topco Ltd purchased a new position in Silvaco Group during the second quarter worth about $402,000.

Silvaco Group Company Profile

Silvaco 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.