Analysts Set Silvaco Group, Inc. (NASDAQ:SVCO) Price Target at $25.50

Silvaco Group, Inc. (NASDAQ:SVCO) has been assigned an average rating of “Buy” from the six research firms that are currently covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a buy rating. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $25.50.

A number of analysts have commented on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $28.00 target price on shares of Silvaco Group in a report on Friday, June 21st. Rosenblatt Securities restated a “buy” rating and issued a $26.00 price objective on shares of Silvaco Group in a research note on Tuesday, September 17th. Finally, B. Riley reiterated a “buy” rating and set a $26.00 target price on shares of Silvaco Group in a research report on Thursday, September 19th.

Institutional Investors Weigh In On Silvaco Group

A number of institutional investors have recently bought and sold shares of SVCO. Federated Hermes Inc. purchased a new position in shares of Silvaco Group in the second quarter valued at about $216,000. Point72 DIFC Ltd bought a new stake in Silvaco Group during the 2nd quarter valued at approximately $235,000. Cubist Systematic Strategies LLC purchased a new position in Silvaco Group in the 2nd quarter worth approximately $366,000. XTX Topco Ltd purchased a new position in Silvaco Group in the 2nd quarter worth approximately $402,000. Finally, Squarepoint Ops LLC bought a new position in Silvaco Group in the 2nd quarter worth approximately $640,000.

Silvaco Group Price Performance

Shares of SVCO opened at $12.30 on Tuesday. Silvaco Group has a one year low of $11.61 and a one year high of $21.59. The business has a fifty day moving average price of $14.80.

Silvaco Group (NASDAQ:SVCO) last released its quarterly earnings results on Wednesday, August 7th. The company reported ($0.81) earnings per share (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 analyst estimates of $14.68 million. Equities research analysts predict that Silvaco Group will post -0.63 EPS for the current fiscal year.

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.