Silvaco Group (NASDAQ:SVCO) Issues Q4 Earnings Guidance

Silvaco Group (NASDAQ:SVCO) updated its fourth quarter earnings guidance on Tuesday. The company provided EPS guidance of $0.13-0.17 for the period, compared to the consensus EPS estimate of $0.13. The company issued revenue guidance of $17.7-18.1 million, compared to the consensus revenue estimate of $19.61 million. Silvaco Group also updated its Q4 2024 guidance to 0.130-0.170 EPS.

Silvaco Group Price Performance

Shares of SVCO stock opened at $7.50 on Tuesday. The stock has a 50 day moving average price of $7.91 and a 200 day moving average price of $12.19. Silvaco Group has a 52-week low of $6.14 and a 52-week high of $21.59.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SVCO. B. Riley restated a “buy” rating and issued a $26.00 price target on shares of Silvaco Group in a report on Thursday, September 19th. TD Cowen reduced their target price on shares of Silvaco Group from $20.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday, November 13th. Rosenblatt Securities lowered their price target on Silvaco Group from $26.00 to $18.00 and set a “buy” rating for the company in a report on Thursday, October 17th. Craig Hallum reduced their price objective on Silvaco Group from $25.00 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $19.00 target price on shares of Silvaco Group in a research report on Wednesday, November 13th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $20.00.

Insider Buying and Selling at Silvaco Group

In other Silvaco Group news, insider Eric Guichard sold 25,000 shares of Silvaco Group stock in a transaction on Friday, November 15th. The shares were sold at an average price of $7.19, for a total value of $179,750.00. Following the transaction, the insider now directly owns 57,902 shares of the company’s stock, valued at approximately $416,315.38. The trade was a 30.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

About Silvaco Group

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.