Silvaco Group (NASDAQ:SVCO) Earns “Buy” Rating from Rosenblatt Securities

Rosenblatt Securities reaffirmed their buy rating on shares of Silvaco Group (NASDAQ:SVCO) in a report published on Tuesday morning, Benzinga reports. Rosenblatt Securities currently has a $26.00 price target on the stock.

Several other research firms also recently issued reports on SVCO. TD Cowen began coverage on Silvaco Group in a research note on Monday, June 3rd. They issued a buy rating and a $23.00 price target on the stock. Craig Hallum assumed coverage on Silvaco Group in a report on Tuesday, June 4th. They set a buy rating and a $25.00 price target for the company. Jefferies Financial Group initiated coverage on shares of Silvaco Group in a research note on Monday, June 3rd. They issued a buy rating and a $25.00 price objective for the company. B. Riley reiterated a buy rating and set a $28.00 target price (up from $26.00) on shares of Silvaco Group in a research report on Friday, June 21st. Finally, Needham & Company LLC reiterated a buy rating and set a $28.00 price target on shares of Silvaco Group in a research report on Friday, June 21st. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Silvaco Group presently has a consensus rating of Buy and an average target price of $25.50.

Silvaco Group Price Performance

SVCO opened at $14.96 on Tuesday. Silvaco Group has a 12 month low of $13.99 and a 12 month high of $21.59. The company has a fifty day moving average price of $16.35.

Silvaco Group (NASDAQ:SVCO) last announced its quarterly earnings results on Wednesday, August 7th. The company reported ($0.81) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.67) by ($0.14). The business had revenue of $14.96 million during the quarter, compared to the consensus estimate of $14.68 million. As a group, sell-side analysts forecast that Silvaco Group will post -0.63 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SVCO. Cubist Systematic Strategies LLC bought a new stake in shares of Silvaco Group during the 2nd quarter valued at $366,000. Ghisallo Capital Management LLC purchased a new stake in Silvaco Group in the second quarter valued at approximately $899,000. Point72 Asset Management L.P. purchased a new stake in Silvaco Group in the second quarter valued at approximately $1,182,000. Lynrock Lake LP purchased a new position in Silvaco Group in the 2nd quarter worth approximately $3,596,000. Finally, Squarepoint Ops LLC purchased a new position in Silvaco Group in the second quarter worth $640,000.

Silvaco Group Company Profile

Silvaco Group Inc is a provider of TCAD, EDA software and SIP solutions which enable semiconductor design and AI through software and innovation. The company’s solutions are used for process and device development across display, power devices, automotive, memory, high performance compute, photonics, internet of things and 5G/6G mobile markets for complex SoC design.