Silvaco Group, Inc. (NASDAQ:SVCO) Given Consensus Rating of “Buy” by Analysts

Shares of Silvaco Group, Inc. (NASDAQ:SVCO) have been assigned a consensus recommendation of “Buy” from the six analysts that are currently covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a buy recommendation. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $25.83.

A number of equities analysts have recently commented on the stock. Rosenblatt Securities restated a “buy” rating and issued a $26.00 price objective on shares of Silvaco Group in a research report on Friday, June 21st. Needham & Company LLC reaffirmed a “buy” rating and issued a $28.00 price target on shares of Silvaco Group in a report on Friday, June 21st. B. Riley reiterated a “buy” rating and issued a $28.00 price objective (up previously from $26.00) on shares of Silvaco Group in a research report on Friday, June 21st. TD Cowen initiated coverage on Silvaco Group in a research note on Monday, June 3rd. They issued a “buy” rating and a $23.00 target price on the stock. Finally, Craig Hallum initiated coverage on Silvaco Group in a research report on Tuesday, June 4th. They set a “buy” rating and a $25.00 price target for the company.

Silvaco Group Trading Down 1.5 %

NASDAQ:SVCO opened at $16.19 on Monday. Silvaco Group has a 1 year low of $15.01 and a 1 year high of $21.59. The stock’s fifty day moving average is $17.71.

Silvaco Group (NASDAQ:SVCO) last issued its quarterly earnings data on Thursday, June 20th. The company reported $0.12 earnings per share (EPS) for the quarter. The company had revenue of $15.89 million for the quarter. On average, analysts predict that Silvaco Group will post -0.49 earnings per share for the current fiscal year.

Institutional Trading of Silvaco Group

A number of hedge funds have recently bought and sold shares of SVCO. Allspring Global Investments Holdings LLC purchased a new position in shares of Silvaco Group during the second quarter worth approximately $3,485,000. Ovata Capital Management Ltd bought a new stake in Silvaco Group in the second quarter worth $1,618,000. Federated Hermes Inc. purchased a new stake in Silvaco Group during the second quarter valued at about $216,000. First Eagle Investment Management LLC purchased a new position in shares of Silvaco Group in the second quarter worth about $3,469,000. Finally, XTX Topco Ltd bought a new stake in shares of Silvaco Group in the 2nd quarter valued at about $402,000.

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.