Silvaco Group (NASDAQ:SVCO) Given Buy Rating at B. Riley Financial

Key Points

• B. Riley Financial reaffirmed its Buy rating on Silvaco Group and lowered its price target from $16 to $11, implying approximately 84% upside from the prior close.
• Analyst sentiment remains mostly positive: four analysts rate the stock Buy and one rates it Sell, producing a consensus rating of “Moderate Buy” and an average target of $12.25.
• Silvaco shares fell 2.5% to $5.99, while the company reported quarterly earnings of $0.01 per share—matching estimates—on revenue of $17.81 million.

Silvaco Group (NASDAQ:SVCO - Get Free Report)'s stock had its "buy" rating reaffirmed by analysts at B. Riley Financial in a research note issued to investors on Monday, Benzinga reports. They currently have a $11.00 price objective on the stock, down from their prior price objective of $16.00. B. Riley Financial's target price would suggest a potential upside of 83.76% from the company's previous close.

A number of other research analysts also recently weighed in on the company. Weiss Ratings reiterated a "sell (d-)" rating on shares of Silvaco Group in a report on Tuesday, October 6th. Rosenblatt Securities reissued a "buy" rating and set a $14.00 target price on shares of Silvaco Group in a research note on Wednesday, September 23rd. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $12.25.

Silvaco Group Trading Down 2.5%

Shares of Silvaco Group stock traded down $0.15 on Monday, reaching $5.99. 151,933 shares of the company were exchanged, compared to its average volume of 432,509. The stock has a fifty day moving average price of $7.18 and a 200-day moving average price of $7.67. The firm has a market capitalization of $202.87 million, a price-to-earnings ratio of -8.35 and a beta of 0.65. Silvaco Group has a fifty-two week low of $3.07 and a fifty-two week high of $14.39.

Silvaco Group (NASDAQ:SVCO - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.01 earnings per share for the quarter, meeting analysts' consensus estimates of $0.01. The business had revenue of $17.81 million during the quarter, compared to analyst estimates of $17.90 million. Silvaco Group had a negative return on equity of 15.29% and a negative net margin of 30.43%. On average, equities analysts anticipate that Silvaco Group will post -0.23 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Silvaco Group during the 2nd quarter worth about $11,080,000. Algert Global LLC acquired a new stake in shares of Silvaco Group during the 2nd quarter worth approximately $4,962,000. Walleye Capital LLC grew its holdings in shares of Silvaco Group by 2,239.8% during the 1st quarter. Walleye Capital LLC now owns 263,152 shares of the company's stock worth $1,863,000 after purchasing an additional 251,905 shares in the last quarter. Bank of America Corp DE bought a new stake in shares of Silvaco Group during the second quarter valued at approximately $2,270,000. Finally, Panoramic Capital LLC acquired a new stake in Silvaco Group during the second quarter worth $1,034,000.

About Silvaco Group

Silvaco Group, Inc is a semiconductor design software and intellectual property company that provides electronic design automation (EDA) and technology computer-aided design (TCAD) solutions. Its products help semiconductor manufacturers and electronics companies develop, simulate, verify and optimize integrated circuits, semiconductor devices and related technologies.

The company's offerings support multiple stages of the chip-development process, including process and device modeling, circuit simulation, physical design, layout automation and design-rule verification.

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