Silvaco Group (NASDAQ:SVCO) Stock Rating Reaffirmed by Rosenblatt Securities

Silvaco Group (NASDAQ:SVCO)‘s stock had its “buy” rating reiterated by Rosenblatt Securities in a note issued to investors on Tuesday, Benzinga reports. They presently have a $26.00 target price on the stock. Rosenblatt Securities’ price target would indicate a potential upside of 73.22% from the company’s current price.

Several other research firms have also recently weighed in on SVCO. TD Cowen assumed coverage on shares of Silvaco Group in a report on Monday, June 3rd. They issued a “buy” rating and a $23.00 price target on the stock. Needham & Company LLC reissued a “buy” rating and issued a $28.00 price target on shares of Silvaco Group in a report on Friday, June 21st. Craig Hallum started coverage on shares of Silvaco Group in a report on Tuesday, June 4th. They issued a “buy” rating and a $25.00 price target on the stock. Jefferies Financial Group started coverage on shares of Silvaco Group in a report on Monday, June 3rd. They set a “buy” rating and a $25.00 target price on the stock. Finally, B. Riley reaffirmed a “buy” rating and set a $28.00 target price (up from $26.00) on shares of Silvaco Group in a report on Friday, June 21st. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Silvaco Group currently has an average rating of “Buy” and a consensus price target of $25.83.

Silvaco Group Price Performance

Shares of NASDAQ:SVCO opened at $15.01 on Tuesday. Silvaco Group has a 52-week low of $13.99 and a 52-week high of $21.59. The firm has a 50-day moving average price of $16.42.

Silvaco Group (NASDAQ:SVCO) last released its quarterly earnings results on Wednesday, August 7th. The company reported ($0.81) earnings per share for the quarter, missing the consensus estimate of ($0.67) by ($0.14). The business had revenue of $14.96 million for the quarter, compared to analysts’ expectations of $14.68 million. On average, sell-side analysts expect that Silvaco Group will post -0.63 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Federated Hermes Inc. bought a new position in Silvaco Group in the second quarter valued at approximately $216,000. Point72 DIFC Ltd bought a new position in Silvaco Group in the second quarter valued at approximately $235,000. Cubist Systematic Strategies LLC bought a new position in Silvaco Group in the second quarter valued at approximately $366,000. XTX Topco Ltd bought a new position in Silvaco Group in the second quarter valued at approximately $402,000. Finally, Squarepoint Ops LLC bought a new position in Silvaco Group in the second quarter valued at approximately $640,000.

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.