Federated Hermes Inc. Makes New Investment in Silvaco Group, Inc. (NASDAQ:SVCO)

Federated Hermes Inc. bought a new position in Silvaco Group, Inc. (NASDAQ:SVCO) in the second quarter, according to the company in its most recent disclosure with the SEC. The fund bought 12,000 shares of the company’s stock, valued at approximately $216,000.

Separately, Ovata Capital Management Ltd bought a new stake in Silvaco Group in the 2nd quarter worth approximately $1,618,000.

Analyst Ratings Changes

SVCO has been the subject of a number of recent research reports. Rosenblatt Securities reissued a “buy” rating and set a $26.00 price objective on shares of Silvaco Group in a research report on Tuesday, September 17th. B. Riley reissued a “buy” rating and set a $26.00 price objective on shares of Silvaco Group in a research report on Thursday, September 19th. TD Cowen initiated coverage on shares of Silvaco Group in a research report on Monday, June 3rd. They set a “buy” rating and a $23.00 price objective for the company. Jefferies Financial Group initiated coverage on shares of Silvaco Group in a research report on Monday, June 3rd. They set a “buy” rating and a $25.00 price objective for the company. Finally, Craig Hallum initiated coverage on shares of Silvaco Group in a research report on Tuesday, June 4th. They set a “buy” rating and a $25.00 price objective for the company. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Silvaco Group presently has a consensus rating of “Buy” and an average target price of $25.50.

Silvaco Group Price Performance

Shares of Silvaco Group stock opened at $15.15 on Wednesday. The business has a fifty day moving average price of $16.12. Silvaco Group, Inc. has a fifty-two week low of $13.99 and a fifty-two week high of $21.59.

Silvaco Group (NASDAQ:SVCO) last issued its 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 company had revenue of $14.96 million for the quarter, compared to the consensus estimate of $14.68 million. On average, sell-side analysts forecast that Silvaco Group, Inc. will post -0.63 EPS for the current year.

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.