Silvaco Group (SVCO) to Release Quarterly Earnings on Wednesday

Silvaco Group (NASDAQ:SVCO) will release its earnings data after the market closes on Wednesday, August 7th. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Silvaco Group (NASDAQ:SVCO) last released its quarterly earnings results on Thursday, June 20th. The company reported $0.12 earnings per share for the quarter. The firm had revenue of $15.89 million for the quarter. On average, analysts expect Silvaco Group to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Silvaco Group Stock Performance

Shares of Silvaco Group stock opened at $16.64 on Wednesday. Silvaco Group has a 12 month low of $15.81 and a 12 month high of $21.59. The stock’s fifty day simple moving average is $18.29.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Rosenblatt Securities restated a “buy” rating and set a $26.00 price target on shares of Silvaco Group in a research note on Friday, June 21st. TD Cowen assumed coverage on Silvaco Group in a research report on Monday, June 3rd. They set a “buy” rating and a $23.00 price target on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $28.00 price objective on shares of Silvaco Group in a report on Friday, June 21st. Craig Hallum assumed coverage on Silvaco Group in a research report on Tuesday, June 4th. They set a “buy” rating and a $25.00 price target on the stock. Finally, B. Riley reiterated a “buy” rating and issued a $28.00 target price (up from $26.00) on shares of Silvaco Group in a research note on Friday, June 21st. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $25.83.

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.