Silvaco Group, Inc. (SVCO) – What Are Analysts Thinking About This Stock?

Shares of Silvaco Group, Inc. (NASDAQ:SVCO) have received an average rating of “Moderate Buy” from the five analysts that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $12.67.

Several brokerages have weighed in on SVCO. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Silvaco Group in a research note on Tuesday, October 6th. Rosenblatt Securities reiterated a “buy” rating and issued a $14.00 target price on shares of Silvaco Group in a research note on Wednesday, September 23rd.

Silvaco Group Trading Up 0.5%

Shares of SVCO opened at $6.58 on Friday. Silvaco Group has a 1 year low of $3.07 and a 1 year high of $14.39. The stock has a 50 day simple moving average of $7.34 and a 200-day simple moving average of $9.02. The stock has a market cap of $223.00 million, a PE ratio of -9.14 and a beta of 0.42.

Silvaco Group (NASDAQ:SVCO) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.01. Silvaco Group had a negative return on equity of 15.29% and a negative net margin of 30.43%. The company had revenue of $17.81 million during the quarter, compared to analysts’ expectations of $17.90 million. On average, sell-side analysts forecast that Silvaco Group will post -0.23 EPS for the current fiscal year.

Institutional Investors Weigh In On Silvaco Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. State of Alaska Department of Revenue bought a new stake in shares of Silvaco Group during the third quarter worth $25,000. Spark Investment Management LLC acquired a new stake in shares of Silvaco Group in the second quarter valued at $303,000. Panoramic Capital LLC acquired a new stake in shares of Silvaco Group in the second quarter valued at $1,034,000. Bank of America Corp DE bought a new position in shares of Silvaco Group in the second quarter valued at about $2,270,000. Finally, Algert Global LLC bought a new position in shares of Silvaco Group in the second quarter valued at about $4,962,000.

About Silvaco Group

Silvaco Group, Inc is a semiconductor technology company that develops electronic design automation (EDA) software and semiconductor intellectual property (IP). Its tools help semiconductor and electronics companies design, simulate, verify and optimize integrated circuits and other advanced electronic systems.

The company’s product portfolio includes technology computer-aided design (TCAD) software for modeling semiconductor processes and devices, circuit simulation and analysis tools, analog and mixed-signal design solutions, and digital design automation products.