Silvaco Group (NASDAQ:SVCO) Receives "Buy" Rating from Rosenblatt Securities

Key Points

• Rosenblatt Securities reiterated its “Buy” rating on Silvaco Group and set a $14 price target, implying approximately 74% upside from the stock’s $8.04 opening price.
• Analyst sentiment is generally positive, with a consensus “Moderate Buy” rating and average target price of $12.67, although one analyst maintains a Sell rating.
• Silvaco’s latest quarterly results met expectations with $0.01 in adjusted EPS, while revenue of $17.81 million was slightly below forecasts; the company remains unprofitable, with analysts expecting a full-year loss of $0.23 per share.

Silvaco Group (NASDAQ:SVCO - Get Free Report)'s stock had its "buy" rating reiterated by equities research analysts at Rosenblatt Securities in a research note issued to investors on Wednesday, Benzinga reports. They presently have a $14.00 target price on the stock. Rosenblatt Securities' target price would indicate a potential upside of 74.13% from the stock's current price.

Separately, Weiss Ratings raised Silvaco Group from a "sell (e+)" rating to a "sell (d-)" rating in a report on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $12.67.

Silvaco Group Stock Up 9.4%

Shares of SVCO stock opened at $8.04 on Wednesday. The stock's 50-day moving average price is $7.34 and its 200 day moving average price is $8.67. The stock has a market capitalization of $272.48 million, a PE ratio of -11.17 and a beta of 0.58. Silvaco Group has a 52-week low of $3.07 and a 52-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 EPS for the quarter, hitting the consensus estimate of $0.01. The business had revenue of $17.81 million during the quarter, compared to analysts' expectations of $17.90 million. Silvaco Group had a negative return on equity of 15.29% and a negative net margin of 30.43%. Analysts expect that Silvaco Group will post -0.23 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Silvaco Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Global Retirement Partners LLC purchased a new position in shares of Silvaco Group during the second quarter valued at approximately $27,000. Quantbot Technologies LP acquired a new stake in Silvaco Group in the 2nd quarter worth about $28,000. Bank of New York Mellon Corp increased its stake in shares of Silvaco Group by 20.2% during the 1st quarter. Bank of New York Mellon Corp now owns 23,012 shares of the company's stock valued at $163,000 after acquiring an additional 3,871 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Silvaco Group by 32.7% in the first quarter. Dimensional Fund Advisors LP now owns 33,231 shares of the company's stock worth $235,000 after acquiring an additional 8,186 shares during the last quarter. Finally, Deutsche Bank AG purchased a new position in Silvaco Group during the second quarter worth approximately $167,000.

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 software helps semiconductor manufacturers and chip designers model, develop, verify and optimize semiconductor devices and integrated circuits before production.

The company's offerings include tools for process and device simulation, analog and mixed-signal circuit design, semiconductor manufacturing analysis, and design-rule and modeling workflows.

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