Allspring Global Investments Holdings LLC Makes New Investment in Silvaco Group, Inc. (NASDAQ:SVCO)

Allspring Global Investments Holdings LLC bought a new position in shares of Silvaco Group, Inc. (NASDAQ:SVCO - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 193,829 shares of the company's stock, valued at approximately $3,485,000. Allspring Global Investments Holdings LLC owned about 0.74% of Silvaco Group as of its most recent SEC filing.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Jefferies Financial Group began coverage on shares of Silvaco Group in a report on Monday, June 3rd. They issued a "buy" rating and a $25.00 target price on the stock. Craig Hallum began coverage on Silvaco Group in a research note on Tuesday, June 4th. They set a "buy" rating and a $25.00 target price for the company. Needham & Company LLC reissued a "buy" rating and issued a $28.00 price target on shares of Silvaco Group in a research note on Friday, June 21st. Rosenblatt Securities reissued a "buy" rating and issued a $26.00 price objective on shares of Silvaco Group in a research note on Friday, June 21st. Finally, TD Cowen began coverage on Silvaco Group in a research report on Monday, June 3rd. They issued a "buy" rating and a $23.00 price target for the company. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $25.83.

Silvaco Group Price Performance

Shares of NASDAQ SVCO traded up $0.01 during trading on Monday, reaching $15.45. 117,900 shares of the stock traded hands, compared to its average volume of 253,915. Silvaco Group, Inc. has a 52-week low of $15.01 and a 52-week high of $21.59. The firm has a 50-day moving average of $17.34.

Silvaco Group (NASDAQ:SVCO - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The company reported ($0.81) EPS for the quarter, missing the consensus estimate of ($0.67) by ($0.14). The business had revenue of $14.96 million for the quarter, compared to analyst estimates of $14.68 million. As a group, equities analysts expect that Silvaco Group, Inc. will post -0.63 EPS for the current fiscal year.

Silvaco Group 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.