Silvaco Group (NASDAQ:SVCO - Get Free Report) issued an update on its fourth quarter 2024 earnings guidance on Tuesday morning. The company provided EPS guidance of 0.130-0.170 for the period, compared to the consensus EPS estimate of 0.130. The company issued revenue guidance of $17.7 million-$18.1 million, compared to the consensus revenue estimate of $19.6 million. Silvaco Group also updated its Q4 guidance to $0.13-0.17 EPS.
Silvaco Group Trading Up 6.8 %
Shares of NASDAQ SVCO 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 business's 50-day moving average price is $7.94 and its 200-day moving average price is $12.12. Silvaco Group has a fifty-two week low of $6.14 and a fifty-two week high of $21.59.
Wall Street Analyst Weigh In
SVCO has been the subject of several recent research reports. Rosenblatt Securities lowered 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. B. Riley reissued a "buy" rating and issued a $26.00 price target on shares of Silvaco Group in a research report on Thursday, September 19th. Needham & Company LLC reaffirmed a "buy" rating and set a $19.00 price objective on shares of Silvaco Group in a research report on Wednesday, November 13th. TD Cowen reduced their price objective on Silvaco Group from $20.00 to $15.00 and set a "buy" rating on the stock in a research note on Wednesday, November 13th. Finally, Craig Hallum lowered their target price 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. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $20.00.
Get Our Latest Analysis on SVCO
Insider Activity
In related news, insider Eric Guichard sold 25,000 shares of the company's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $7.19, for a total value of $179,750.00. Following the completion of the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Silvaco Group Company Profile
(
Get Free Report)
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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