Silvaco Group (NASDAQ:SVCO) Updates Q4 2024 Earnings Guidance

Silvaco Group (NASDAQ:SVCO) updated its fourth quarter 2024 earnings guidance on Tuesday. The company provided EPS guidance of 0.130-0.170 for the period, compared to the consensus EPS estimate of 0.130. The company issued revenue guidance of $17.7 million-$18.1 million, compared to the consensus revenue estimate of $19.6 million.

Silvaco Group Price Performance

Shares of SVCO opened at $7.50 on Tuesday. Silvaco Group has a 52-week low of $6.14 and a 52-week high of $21.59. The business’s 50 day moving average price is $7.91 and its two-hundred day moving average price is $12.19.

Analysts Set New Price Targets

SVCO has been the topic of several research analyst reports. B. Riley reissued a “buy” rating and set a $26.00 target price on shares of Silvaco Group in a research note on Thursday, September 19th. Needham & Company LLC reissued a “buy” rating and set a $19.00 price objective on shares of Silvaco Group in a research report on Wednesday, November 13th. TD Cowen decreased their target price on Silvaco Group from $20.00 to $15.00 and set a “buy” rating for the company in a research report on Wednesday, November 13th. Craig Hallum dropped their price target on Silvaco Group from $25.00 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. Finally, Rosenblatt Securities reduced their price objective on Silvaco Group from $26.00 to $18.00 and set a “buy” rating for the company in a research note on Thursday, October 17th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $20.00.

Insider Buying and Selling at Silvaco Group

In other news, insider Eric Guichard sold 25,000 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $7.19, for a total value of $179,750.00. Following the completion of the sale, the insider now owns 57,902 shares in the company, valued at $416,315.38. This represents a 30.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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.