Silvaco Group (NASDAQ:SVCO) Stock Price Expected to Rise, Rosenblatt Securities Analyst Says

Silvaco Group (NASDAQ:SVCO) had its target price raised by analysts at Rosenblatt Securities from $9.00 to $14.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. Rosenblatt Securities’ price objective would suggest a potential upside of 16.09% from the stock’s current price.

A number of other research analysts have also recently issued reports on the company. TD Cowen reduced their price objective on Silvaco Group from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Friday, March 13th. Weiss Ratings raised Silvaco Group from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, April 24th. Wall Street Zen raised Silvaco Group from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $10.00 price objective on shares of Silvaco Group in a research note on Monday, March 16th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Silvaco Group presently has a consensus rating of “Moderate Buy” and an average target price of $10.00.

Silvaco Group Stock Down 3.2%

NASDAQ SVCO opened at $12.06 on Friday. The stock’s 50-day simple moving average is $6.90 and its two-hundred day simple moving average is $5.34. Silvaco Group has a twelve month low of $3.07 and a twelve month high of $12.81. The company has a market capitalization of $379.17 million, a price-to-earnings ratio of -8.55 and a beta of 0.88.

Silvaco Group (NASDAQ:SVCO) last announced its quarterly earnings data on Thursday, March 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.09. Silvaco Group had a negative return on equity of 23.01% and a negative net margin of 65.34%.The firm had revenue of $18.25 million for the quarter, compared to analysts’ expectations of $16.38 million. Silvaco Group’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, equities analysts expect that Silvaco Group will post -0.36 earnings per share for the current fiscal year.

Institutional Trading of Silvaco Group

A number of institutional investors have recently modified their holdings of SVCO. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Silvaco Group during the first quarter worth about $357,000. Goldman Sachs Group Inc. boosted its holdings in shares of Silvaco Group by 249.1% during the first quarter. Goldman Sachs Group Inc. now owns 106,051 shares of the company’s stock worth $484,000 after purchasing an additional 75,675 shares during the period. Strs Ohio purchased a new stake in shares of Silvaco Group during the first quarter worth about $50,000. Geode Capital Management LLC boosted its holdings in shares of Silvaco Group by 10.3% during the second quarter. Geode Capital Management LLC now owns 192,211 shares of the company’s stock worth $907,000 after purchasing an additional 18,022 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of Silvaco Group by 27.3% during the second quarter. JPMorgan Chase & Co. now owns 13,483 shares of the company’s stock valued at $64,000 after acquiring an additional 2,895 shares in the last quarter.

Silvaco Group Company Profile

Silvaco Group, Inc is a provider of electronic design automation (EDA) software and semiconductor intellectual property (IP) solutions. Founded in 1984 and headquartered in Santa Clara, California, the company offers a suite of tools for process and device simulation, circuit design, verification, and physical implementation. Silvaco’s core product lines include technology computer-aided design (TCAD) for process modeling, SPICE circuit simulators for analog and digital analysis, and layout and parasitic extraction tools for physical verification.

In addition to its EDA software, Silvaco delivers semiconductor IP in areas such as memory compilers, interface IP (including USB, PCI Express and DDR), and embedded analog/mixed-signal cores.