Federated Hermes Inc. bought a new position in Silvaco Group, Inc. (NASDAQ:SVCO – Free Report) 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 – Get Free Report) 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.
See Also
- Five stocks we like better than Silvaco Group
- The 3 Best Retail Stocks to Shop for in August
- Biohaven Stock Soars on Drug Trial Results: Time to Jump In?
- What are earnings reports?
- Is AMD a Legitimate Threat to NVIDIA? What Investors Should Watch
- Best ESG Stocks: 11 Best Stocks for ESG Investing
- Novo Nordisk’s Setback Won’t Last: A Game-Changing Drug Emerges
Receive News & Ratings for Silvaco Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Silvaco Group and related companies with MarketBeat.com's FREE daily email newsletter.