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

Silvaco Group (NASDAQ:SVCO) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.230-0.270 for the period, compared to the consensus estimate of 0.240. The company issued revenue guidance of $59.5 million-$59.9 million, compared to the consensus revenue estimate of $61.4 million.

Silvaco Group Trading Down 0.1 %

NASDAQ SVCO opened at $8.37 on Thursday. Silvaco Group has a 52 week low of $6.14 and a 52 week high of $21.59. The business’s fifty day simple moving average is $8.08 and its 200-day simple moving average is $11.74.

Analyst Upgrades and Downgrades

SVCO has been the subject of a number of recent research reports. Rosenblatt Securities reiterated a “buy” rating and issued a $18.00 price target on shares of Silvaco Group in a research note on Wednesday, January 15th. TD Cowen cut their target price on shares of Silvaco Group from $20.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday, November 13th. Needham & Company LLC reissued a “buy” rating and issued a $19.00 price objective on shares of Silvaco Group in a research note on Wednesday, November 13th. Finally, Craig Hallum lowered their price target on shares of Silvaco Group from $17.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, January 15th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Silvaco Group currently has a consensus rating of “Buy” and a consensus target price of $19.67.

Insider Buying and Selling

In related news, insider Eric Guichard sold 25,000 shares of Silvaco Group stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $7.19, for a total transaction of $179,750.00. Following the transaction, the insider now directly owns 57,902 shares of the company’s stock, valued at $416,315.38. The trade was a 30.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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.