Silvaco Group, Inc. (NASDAQ:SVCO) Stock Has Consensus Target Price of $12.67 According to Analysts

Shares of Silvaco Group, Inc. (NASDAQ:SVCO) have earned an average rating of “Moderate Buy” from the five analysts that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $12.67.

Several research firms recently commented on SVCO. Weiss Ratings raised Silvaco Group from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, July 10th. Rosenblatt Securities reissued a “buy” rating and issued a $14.00 price target on shares of Silvaco Group in a research note on Wednesday, September 23rd.

Hedge Funds Weigh In On Silvaco Group

Institutional investors have recently added to or reduced their stakes in the stock. Spark Investment Management LLC purchased a new stake in Silvaco Group in the 2nd quarter valued at $303,000. Panoramic Capital LLC acquired a new stake in Silvaco Group during the second quarter worth about $1,034,000. Bank of America Corp DE purchased a new position in Silvaco Group during the second quarter worth about $2,270,000. Algert Global LLC acquired a new position in Silvaco Group in the 2nd quarter valued at about $4,962,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Silvaco Group in the 2nd quarter valued at approximately $28,000.

Silvaco Group Price Performance

Shares of NASDAQ SVCO opened at $8.36 on Monday. The firm has a market cap of $283.32 million, a price-to-earnings ratio of -11.61 and a beta of 0.58. The company’s 50-day simple moving average is $7.30 and its 200-day simple moving average is $8.78. Silvaco Group has a 52-week low of $3.07 and a 52-week high of $14.39.

Silvaco Group (NASDAQ:SVCO) last issued 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 net margin of 30.43% and a negative return on equity of 15.29%. The firm had revenue of $17.81 million for the quarter, compared to analyst estimates of $17.90 million. Equities research analysts anticipate that Silvaco Group will post -0.23 EPS for the current fiscal year.

About Silvaco Group

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 software helps semiconductor manufacturers and chip designers model, develop, verify and optimize semiconductor devices and integrated circuits before production.

The company’s offerings include tools for process and device simulation, analog and mixed-signal circuit design, semiconductor manufacturing analysis, and design-rule and modeling workflows.