Brokerages Set Silvaco Group, Inc. (NASDAQ:SVCO) PT at $20.83

Silvaco Group, Inc. (NASDAQ:SVCO) has received an average recommendation of “Buy” from the six ratings firms that are presently covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $20.83.

SVCO has been the subject of several recent research reports. Rosenblatt Securities reduced their price objective on Silvaco Group from $26.00 to $18.00 and set a “buy” rating for the company in a research note on Thursday, October 17th. Craig Hallum reduced their price objective on Silvaco Group from $25.00 to $17.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. Needham & Company LLC reduced their price objective on Silvaco Group from $26.00 to $19.00 and set a “buy” rating for the company in a research note on Thursday, October 17th. TD Cowen cut their target price on Silvaco Group from $23.00 to $20.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. Finally, B. Riley reaffirmed a “buy” rating and issued a $26.00 target price on shares of Silvaco Group in a research note on Thursday, September 19th.

Institutional Trading of Silvaco Group

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Lynrock Lake LP acquired a new position in Silvaco Group in the second quarter valued at about $3,596,000. Allspring Global Investments Holdings LLC acquired a new position in Silvaco Group in the second quarter valued at about $3,485,000. First Eagle Investment Management LLC acquired a new position in Silvaco Group in the second quarter valued at about $3,469,000. Davidson Kempner Capital Management LP acquired a new position in Silvaco Group in the second quarter valued at about $3,182,000. Finally, Ovata Capital Management Ltd acquired a new position in Silvaco Group in the second quarter valued at about $1,618,000.

Silvaco Group Stock Performance

Shares of NASDAQ:SVCO opened at $6.36 on Friday. Silvaco Group has a 1 year low of $6.14 and a 1 year high of $21.59. The company’s 50 day simple moving average is $12.01.

Silvaco Group (NASDAQ:SVCO) last posted its quarterly earnings data on Wednesday, August 7th. The company reported ($0.81) EPS for the quarter, missing the consensus estimate of ($0.67) by ($0.14). The company had revenue of $14.96 million during the quarter, compared to analysts’ expectations of $14.68 million. Sell-side analysts expect that Silvaco Group will post -0.74 EPS for the current fiscal year.

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.