Silvaco Group, Inc. (NASDAQ:SVCO) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Silvaco Group, Inc. (NASDAQ:SVCO) have earned a consensus recommendation of “Moderate Buy” from the five brokerages that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $12.6667.

Several equities research analysts recently commented on the company. TD Cowen lowered their price target on Silvaco Group from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Friday, March 13th. Needham & Company LLC boosted their target price on Silvaco Group from $10.00 to $18.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Weiss Ratings upgraded Silvaco Group from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, April 24th. Rosenblatt Securities boosted their target price on Silvaco Group from $9.00 to $14.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Finally, Wall Street Zen upgraded Silvaco Group from a “sell” rating to a “hold” rating in a report on Saturday, March 14th.

Institutional Investors Weigh In On Silvaco Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cinctive Capital Management LP lifted its holdings in Silvaco Group by 27.8% in the 4th quarter. Cinctive Capital Management LP now owns 115,000 shares of the company’s stock worth $466,000 after purchasing an additional 25,000 shares during the last quarter. Bank of America Corp DE lifted its holdings in Silvaco Group by 140.2% in the 3rd quarter. Bank of America Corp DE now owns 64,820 shares of the company’s stock worth $351,000 after purchasing an additional 37,832 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in Silvaco Group in the 4th quarter worth approximately $275,000. Bridgeway Capital Management LLC lifted its holdings in Silvaco Group by 59.2% in the 3rd quarter. Bridgeway Capital Management LLC now owns 39,800 shares of the company’s stock worth $215,000 after purchasing an additional 14,800 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new position in shares of Silvaco Group during the fourth quarter worth approximately $57,000.

Silvaco Group Stock Performance

Shares of NASDAQ SVCO opened at $9.45 on Tuesday. The stock has a market cap of $308.83 million, a price-to-earnings ratio of -10.16 and a beta of 0.88. The business has a 50 day simple moving average of $7.91 and a 200 day simple moving average of $5.56. Silvaco Group has a 52 week low of $3.07 and a 52 week high of $12.81.

Silvaco Group (NASDAQ:SVCO) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.03. The business had revenue of $17.76 million during the quarter, compared to analysts’ expectations of $17.04 million. Silvaco Group had a negative return on equity of 21.93% and a negative net margin of 41.65%. On average, analysts predict that Silvaco Group will post -0.36 EPS for the current year.

Silvaco Group Company Profile

Silvaco Group, Inc is a provider of electronic design automation (EDA) software and semiconductor intellectual property (IP) solutions. Founded in 1984 and headquartered in Santa Clara, California, the company offers a suite of tools for process and device simulation, circuit design, verification, and physical implementation. Silvaco’s core product lines include technology computer-aided design (TCAD) for process modeling, SPICE circuit simulators for analog and digital analysis, and layout and parasitic extraction tools for physical verification.

In addition to its EDA software, Silvaco delivers semiconductor IP in areas such as memory compilers, interface IP (including USB, PCI Express and DDR), and embedded analog/mixed-signal cores.