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

B. Riley reiterated their buy rating on shares of Silvaco Group (NASDAQ:SVCO) in a research note published on Thursday morning, Benzinga reports. The firm currently has a $26.00 target price on the stock.

A number of other research analysts have also commented on the stock. Needham & Company LLC reiterated a buy rating and issued a $28.00 price target on shares of Silvaco Group in a research note on Friday, June 21st. Jefferies Financial Group started coverage on Silvaco Group in a report on Monday, June 3rd. They set a buy rating and a $25.00 price objective for the company. TD Cowen started coverage on Silvaco Group in a research note on Monday, June 3rd. They set a buy rating and a $23.00 target price 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. Finally, Rosenblatt Securities reaffirmed a buy rating and issued a $26.00 price objective on shares of Silvaco Group in a report on Tuesday, September 17th. Six 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 a consensus price target of $25.50.

Silvaco Group Stock Down 4.3 %

Shares of NASDAQ SVCO opened at $14.96 on Thursday. Silvaco Group has a 12 month low of $13.99 and a 12 month high of $21.59. The business’s 50 day simple moving average is $16.28.

Silvaco Group (NASDAQ:SVCO) last released its quarterly earnings data on Wednesday, August 7th. The company reported ($0.81) EPS for the quarter, missing analysts’ consensus estimates of ($0.67) by ($0.14). The business had revenue of $14.96 million for the quarter, compared to analysts’ expectations of $14.68 million. On average, research analysts expect that Silvaco Group will post -0.63 EPS for the current year.

Institutional Investors Weigh In On Silvaco Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Federated Hermes Inc. acquired a new stake in Silvaco Group during the second quarter worth approximately $216,000. Point72 DIFC Ltd bought a new stake in shares of Silvaco Group during the 2nd quarter valued at $235,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Silvaco Group during the 2nd quarter worth $366,000. XTX Topco Ltd bought a new position in shares of Silvaco Group in the second quarter worth $402,000. Finally, Squarepoint Ops LLC acquired a new position in Silvaco Group in the second quarter valued at about $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.