Silvaco Group (NASDAQ:SVCO) Price Target Raised to $14.00 at Rosenblatt Securities

Silvaco Group (NASDAQ:SVCO) had its price objective raised by Rosenblatt Securities from $9.00 to $14.00 in a research note published on Friday,Benzinga reports. Rosenblatt Securities currently has a buy rating on the stock.

Several other research firms also recently commented on SVCO. Weiss Ratings raised shares of Silvaco Group from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, April 24th. Needham & Company LLC reissued a “buy” rating and set a $10.00 target price on shares of Silvaco Group in a research report on Monday, March 16th. TD Cowen lowered their target price on shares of Silvaco Group from $8.00 to $6.00 and set a “buy” rating on the stock in a research report on Friday, March 13th. Finally, Wall Street Zen raised shares of Silvaco Group from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.00.

Silvaco Group Trading Down 4.7%

Shares of NASDAQ:SVCO opened at $11.49 on Friday. The firm has a market cap of $361.25 million, a price-to-earnings ratio of -12.35 and a beta of 0.88. Silvaco Group has a 1 year low of $3.07 and a 1 year high of $12.81. The business has a fifty day simple moving average of $6.90 and a 200 day simple moving average of $5.34.

Silvaco Group (NASDAQ:SVCO) last posted its earnings results on Thursday, May 7th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.03. The firm had revenue of $17.76 million for the quarter, compared to the consensus estimate of $17.04 million. Silvaco Group had a negative net margin of 41.65% and a negative return on equity of 21.85%. On average, sell-side analysts forecast that Silvaco Group will post -0.36 EPS for the current year.

Institutional Investors Weigh In On Silvaco Group

Institutional investors have recently added to or reduced their stakes in the company. Squarepoint Ops LLC bought a new position in Silvaco Group in the 4th quarter worth approximately $57,000. Wells Fargo & Company MN raised its position in Silvaco Group by 51.2% in the 4th quarter. Wells Fargo & Company MN now owns 9,093 shares of the company’s stock worth $37,000 after purchasing an additional 3,079 shares during the last quarter. HRT Financial LP bought a new position in Silvaco Group in the 4th quarter worth approximately $59,000. HighTower Advisors LLC bought a new position in Silvaco Group in the 4th quarter worth approximately $41,000. Finally, Raymond James Financial Inc. bought a new position in Silvaco Group in the 2nd quarter worth approximately $38,000.

Silvaco Group Company Profile

Silvaco Group, Inc is a provider of electronic design automation (EDA) software and semiconductor intellectual property (IP) solutions. Founded in 1984 and headquartered in Santa Clara, California, the company offers a suite of tools for process and device simulation, circuit design, verification, and physical implementation. Silvaco’s core product lines include technology computer-aided design (TCAD) for process modeling, SPICE circuit simulators for analog and digital analysis, and layout and parasitic extraction tools for physical verification.

In addition to its EDA software, Silvaco delivers semiconductor IP in areas such as memory compilers, interface IP (including USB, PCI Express and DDR), and embedded analog/mixed-signal cores.