Silvaco Group’s (SVCO) Buy Rating Reiterated at B. Riley Financial

B. Riley Financial restated their buy rating on shares of Silvaco Group (NASDAQ:SVCO) in a research note published on Monday morning,Benzinga reports. The firm currently has a $11.00 price objective on the stock, down from their prior price objective of $16.00.

Other analysts have also recently issued reports about the stock. Rosenblatt Securities reissued a “buy” rating and set a $14.00 price objective on shares of Silvaco Group in a research note on Wednesday, September 23rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Silvaco Group in a research report on Tuesday, October 6th. Four analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, Silvaco Group presently has a consensus rating of “Moderate Buy” and an average price target of $12.25.

Silvaco Group Stock Performance

SVCO opened at $5.82 on Monday. The company’s 50 day simple moving average is $7.12 and its 200 day simple moving average is $7.69. Silvaco Group has a 1 year low of $3.07 and a 1 year high of $14.39. The stock has a market capitalization of $197.24 million, a PE ratio of -8.08 and a beta of 0.64.

Silvaco Group (NASDAQ:SVCO) last released its earnings results on Wednesday, November 4th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.05). Silvaco Group had a negative net margin of 30.43% and a negative return on equity of 15.29%. The company had revenue of $16.29 million during the quarter, compared to analysts’ expectations of $17.08 million. As a group, sell-side analysts expect that Silvaco Group will post -0.23 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue bought a new stake in Silvaco Group in the third quarter valued at about $25,000. Global Retirement Partners LLC bought a new position in Silvaco Group during the 2nd quarter worth approximately $27,000. Quantbot Technologies LP acquired a new position in shares of Silvaco Group in the 2nd quarter worth approximately $28,000. State of Wyoming acquired a new position in shares of Silvaco Group in the 3rd quarter worth approximately $57,000. Finally, R Squared Ltd acquired a new position in shares of Silvaco Group in the 1st quarter worth approximately $99,000.

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.