Silvaco Group (NASDAQ:SVCO - Get Free Report) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.13-0.17 for the period, compared to the consensus earnings per share estimate of $0.13. The company issued revenue guidance of $17.7-18.1 million, compared to the consensus revenue estimate of $19.61 million. Silvaco Group also updated its Q4 2024 guidance to 0.130-0.170 EPS.
Silvaco Group Stock Performance
Shares of Silvaco Group stock traded up $0.51 during trading on Tuesday, reaching $8.01. The stock had a trading volume of 148,478 shares, compared to its average volume of 124,460. The stock has a fifty day moving average price of $7.94 and a two-hundred day moving average price of $12.12. Silvaco Group has a 52 week low of $6.14 and a 52 week high of $21.59.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on SVCO shares. TD Cowen decreased their price target on shares of Silvaco Group from $20.00 to $15.00 and set a "buy" rating for the company in a research note on Wednesday, November 13th. Needham & Company LLC reaffirmed a "buy" rating and issued a $19.00 target price on shares of Silvaco Group in a research report on Wednesday, November 13th. Craig Hallum cut their price target on shares of Silvaco Group from $25.00 to $17.00 and set a "buy" rating on the stock in a research report on Wednesday, October 16th. Rosenblatt Securities reduced their price objective on shares of Silvaco Group from $26.00 to $18.00 and set a "buy" rating for the company in a research note on Thursday, October 17th. Finally, B. Riley reaffirmed a "buy" rating and issued a $26.00 target price on shares of Silvaco Group in a research report on Thursday, September 19th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Silvaco Group currently has a consensus rating of "Buy" and an average target price of $20.00.
Get Our Latest Stock Report on SVCO
Insider Transactions at Silvaco Group
In other news, insider Eric Guichard sold 25,000 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $7.19, for a total value of $179,750.00. Following the transaction, the insider now directly owns 57,902 shares of the company's stock, valued at $416,315.38. This represents a 30.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Silvaco Group Company Profile
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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.
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