Silvaco Group (NASDAQ:SVCO) Stock Rating Reaffirmed by Rosenblatt Securities

Silvaco Group (NASDAQ:SVCO)‘s stock had its “buy” rating restated by stock analysts at Rosenblatt Securities in a research report issued to clients and investors on Tuesday, Benzinga reports. They currently have a $26.00 price objective on the stock. Rosenblatt Securities’ price target suggests a potential upside of 72.30% from the company’s current price.

Other equities research analysts have also issued reports about the company. TD Cowen began coverage on Silvaco Group in a research report on Monday, June 3rd. They issued a “buy” rating and a $23.00 target price on the stock. Jefferies Financial Group began coverage on shares of Silvaco Group in a research note on Monday, June 3rd. They set a “buy” rating and a $25.00 target price for the company. B. Riley restated a “buy” rating and issued a $28.00 price target (up previously from $26.00) on shares of Silvaco Group in a research note on Friday, June 21st. Craig Hallum initiated coverage on Silvaco Group in a research report on Tuesday, June 4th. They set a “buy” rating and a $25.00 price objective for the company. Finally, Needham & Company LLC restated a “buy” rating and issued a $28.00 target price on shares of Silvaco Group in a research report on Friday, June 21st. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $25.83.

Silvaco Group Stock Performance

Shares of Silvaco Group stock traded up $0.10 during trading hours on Tuesday, reaching $15.09. The company’s stock had a trading volume of 144,710 shares, compared to its average volume of 286,364. Silvaco Group has a one year low of $13.99 and a one year high of $21.59. The business’s 50 day moving average price is $16.59.

Silvaco Group (NASDAQ:SVCO) last issued its earnings results 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 during the quarter, compared to the consensus estimate of $14.68 million. As a group, sell-side analysts predict that Silvaco Group will post -0.63 earnings per share for the current year.

Hedge Funds Weigh In On Silvaco Group

Hedge funds have recently modified their holdings of the company. Federated Hermes Inc. bought a new position in Silvaco Group during the second quarter valued at about $216,000. Point72 DIFC Ltd bought a new position in shares of Silvaco Group during the 2nd quarter valued at about $235,000. Cubist Systematic Strategies LLC bought a new position in shares of Silvaco Group during the 2nd quarter valued at about $366,000. XTX Topco Ltd bought a new stake in shares of Silvaco Group in the 2nd quarter worth approximately $402,000. Finally, Squarepoint Ops LLC bought a new stake in shares of Silvaco Group in the 2nd quarter worth approximately $640,000.

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.