Silvaco Group (NASDAQ:SVCO) Given Buy Rating at B. Riley Financial

Silvaco Group (NASDAQ:SVCO)‘s stock had its “buy” rating reiterated by equities research analysts at B. Riley Financial in a report released on Monday, Benzinga reports. They currently have a $11.00 price objective on the stock, down from their previous price objective of $16.00. B. Riley Financial‘s target price would suggest a potential upside of 83.76% from the company’s current price.

A number of other equities research analysts have also recently issued reports on SVCO. Weiss Ratings reiterated a “sell (d-)” rating on shares of Silvaco Group in a research report on Tuesday, October 6th. Rosenblatt Securities restated a “buy” rating and issued a $14.00 price target on shares of Silvaco Group in a research report on Wednesday, September 23rd. Four research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $12.25.

Silvaco Group Price Performance

Shares of Silvaco Group stock traded down $0.15 during midday trading on Monday, hitting $5.99. 151,933 shares of the company were exchanged, compared to its average volume of 432,509. The firm has a 50 day simple moving average of $7.18 and a 200-day simple moving average of $7.67. The firm has a market cap of $202.87 million, a P/E ratio of -8.35 and a beta of 0.65. Silvaco Group has a 52 week low of $3.07 and a 52 week high of $14.39.

Silvaco Group (NASDAQ:SVCO) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.01 earnings per share 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 firm had revenue of $17.81 million for the quarter, compared to analysts’ expectations of $17.90 million. Equities research analysts expect that Silvaco Group will post -0.23 earnings per share for the current year.

Institutional Investors Weigh In On Silvaco Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SVCO. BlackRock Inc. bought a new stake in shares of Silvaco Group during the second quarter valued at approximately $11,080,000. Algert Global LLC acquired a new stake in shares of Silvaco Group in the second quarter valued at approximately $4,962,000. Bank of America Corp DE acquired a new stake in shares of Silvaco Group in the second quarter valued at approximately $2,270,000. Walleye Capital LLC raised its position in Silvaco Group by 2,239.8% in the 1st quarter. Walleye Capital LLC now owns 263,152 shares of the company’s stock worth $1,863,000 after purchasing an additional 251,905 shares during the last quarter. Finally, Panoramic Capital LLC acquired a new position in Silvaco Group during the 2nd quarter worth $1,034,000.

Silvaco Group Company Profile

Silvaco Group, Inc is a semiconductor design software and intellectual property company that provides electronic design automation (EDA) and technology computer-aided design (TCAD) solutions. Its products help semiconductor manufacturers and electronics companies develop, simulate, verify and optimize integrated circuits, semiconductor devices and related technologies.

The company’s offerings support multiple stages of the chip-development process, including process and device modeling, circuit simulation, physical design, layout automation and design-rule verification.