Silvaco Group’s (SVCO) “Buy” Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities restated their buy rating on shares of Silvaco Group (NASDAQ:SVCO) in a research report released on Wednesday,Benzinga reports. They currently have a $14.00 price target on the stock.

Separately, Weiss Ratings raised Silvaco Group from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.67.

Silvaco Group Stock Down 1.2%

Silvaco Group stock opened at $8.36 on Wednesday. The business has a fifty day moving average of $7.30 and a two-hundred day moving average of $8.74. The firm has a market cap of $283.32 million, a P/E ratio of -11.61 and a beta of 0.58. Silvaco Group has a twelve month low of $3.07 and a twelve month high of $14.39.

Silvaco Group (NASDAQ:SVCO) last announced its earnings results on Thursday, August 6th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. The business had revenue of $17.81 million for the quarter, compared to analysts’ expectations of $17.90 million. Silvaco Group had a negative return on equity of 15.29% and a negative net margin of 30.43%. Equities analysts expect that Silvaco Group will post -0.23 earnings per share for the current year.

Institutional Investors Weigh In On Silvaco Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Global Retirement Partners LLC purchased a new position in Silvaco Group in the second quarter worth $27,000. Quantbot Technologies LP purchased a new stake in shares of Silvaco Group during the 2nd quarter valued at $28,000. Deutsche Bank AG purchased a new stake in shares of Silvaco Group during the 2nd quarter valued at $167,000. GSA Capital Partners LLP acquired a new stake in shares of Silvaco Group in the 2nd quarter worth $190,000. Finally, R Squared Ltd acquired a new stake in shares of Silvaco Group in the 1st quarter worth $99,000.

About Silvaco Group

Silvaco Group, Inc is a semiconductor design software and intellectual property company that provides electronic design automation (EDA) and technology computer-aided design (TCAD) solutions. Its software helps semiconductor manufacturers and chip designers model, develop, verify and optimize semiconductor devices and integrated circuits before production.

The company’s offerings include tools for process and device simulation, analog and mixed-signal circuit design, semiconductor manufacturing analysis, and design-rule and modeling workflows.