Silvaco Group, Inc. (NASDAQ:SVCO) Stock Has Average Target Price of $12.67

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

A number of analysts have weighed in on SVCO shares. Weiss Ratings restated a “sell (d-)” rating on shares of Silvaco Group in a report on Tuesday, October 6th. Rosenblatt Securities reaffirmed a “buy” rating and set a $14.00 target price on shares of Silvaco Group in a research report on Wednesday, September 23rd.

Institutional Investors Weigh In On Silvaco Group

A number of hedge funds have recently made changes to their positions in SVCO. BlackRock Inc. purchased a new position in Silvaco Group in the second quarter valued at about $11,080,000. Algert Global LLC bought a new position in Silvaco Group in the second quarter worth about $4,962,000. Bank of America Corp DE purchased a new stake in shares of Silvaco Group during the second quarter valued at about $2,270,000. Walleye Capital LLC lifted its position in shares of Silvaco Group by 2,239.8% during the first quarter. Walleye Capital LLC now owns 263,152 shares of the company’s stock valued at $1,863,000 after buying an additional 251,905 shares during the last quarter. Finally, Panoramic Capital LLC purchased a new stake in shares of Silvaco Group during the second quarter valued at about $1,034,000.

Silvaco Group Stock Performance

NASDAQ:SVCO opened at $6.06 on Friday. The firm has a 50-day simple moving average of $7.23 and a 200-day simple moving average of $9.00. Silvaco Group has a one year low of $3.07 and a one year high of $14.39. The firm has a market cap of $205.37 million, a P/E ratio of -8.42 and a beta of 0.42.

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

Silvaco Group Company Profile

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.