Silvaco Group, Inc. (NASDAQ:SVCO) Receives $25.50 Average Price Target from Brokerages

Shares of Silvaco Group, Inc. (NASDAQ:SVCO) have been given an average recommendation of “Buy” by the six brokerages that are covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $25.50.

Several equities analysts have recently weighed in on the company. Needham & Company LLC reissued a “buy” rating and set a $28.00 target price on shares of Silvaco Group in a research report on Friday, June 21st. B. Riley reissued a “buy” rating and issued a $26.00 target price on shares of Silvaco Group in a research note on Thursday, September 19th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $26.00 target price on shares of Silvaco Group in a report on Tuesday, September 17th.

Institutional Investors Weigh In On Silvaco Group

Several large investors have recently added to or reduced their stakes in the stock. Davidson Kempner Capital Management LP purchased a new position in Silvaco Group during the 2nd quarter worth $3,182,000. Ghisallo Capital Management LLC bought a new position in shares of Silvaco Group during the 2nd quarter worth $899,000. Point72 Asset Management L.P. bought a new position in shares of Silvaco Group during the 2nd quarter worth $1,182,000. First Eagle Investment Management LLC purchased a new position in shares of Silvaco Group during the second quarter valued at $3,469,000. Finally, Ovata Capital Management Ltd bought a new stake in shares of Silvaco Group in the second quarter valued at about $1,618,000.

Silvaco Group Stock Performance

Silvaco Group stock opened at $11.93 on Tuesday. The business has a 50-day simple moving average of $14.87. Silvaco Group has a twelve month low of $11.61 and a twelve month high of $21.59.

Silvaco Group (NASDAQ:SVCO) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $14.68 million. On average, equities analysts forecast that Silvaco Group will post -0.63 earnings per share for the current fiscal 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.