TD Cowen Has Lowered Expectations for Silvaco Group (NASDAQ:SVCO) Stock Price

Silvaco Group (NASDAQ:SVCO) had its target price reduced by stock analysts at TD Cowen from $15.00 to $12.00 in a report issued on Thursday, Benzinga reports. The firm currently has a “buy” rating on the stock. TD Cowen‘s price target indicates a potential upside of 80.75% from the company’s current price.

SVCO has been the subject of a number of other research reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $14.00 price target on shares of Silvaco Group in a research report on Wednesday, September 23rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Silvaco Group in a report on Tuesday, October 6th. Finally, B. Riley Financial reissued a “buy” rating and issued a $11.00 price objective (down from $16.00) on shares of Silvaco Group in a research report on Monday. Four equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $13.75.

Silvaco Group Trading Up 14.1%

Shares of SVCO stock traded up $0.82 on Thursday, hitting $6.64. 417,840 shares of the stock were exchanged, compared to its average volume of 431,891. The firm has a market capitalization of $225.00 million, a P/E ratio of -9.19 and a beta of 0.64. The business has a 50-day moving average of $7.12 and a 200 day moving average of $7.69. Silvaco Group has a fifty-two week low of $3.07 and a fifty-two week high of $14.39.

Silvaco Group (NASDAQ:SVCO) last posted its quarterly earnings data 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 return on equity of 15.29% and a negative net margin of 30.43%. The firm had revenue of $16.29 million for the quarter, compared to the consensus estimate of $17.08 million. As a group, research analysts forecast that Silvaco Group will post -0.23 EPS for the current fiscal year.

Institutional Trading of Silvaco Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Penn Capital Management Company LLC bought a new position in Silvaco Group in the third quarter valued at approximately $594,000. CenterBook Partners LP bought a new stake in shares of Silvaco Group during the 3rd quarter worth approximately $376,000. State of Wyoming bought a new stake in shares of Silvaco Group during the 3rd quarter worth approximately $57,000. T3 Companies LLC acquired a new stake in shares of Silvaco Group in the 3rd quarter valued at approximately $305,000. Finally, State of Alaska Department of Revenue acquired a new stake in shares of Silvaco Group in the 3rd quarter valued at approximately $25,000.

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.