Silvaco Group (NASDAQ:SVCO) Stock Keeps Buy Rating at Rosenblatt Securities

Silvaco Group (NASDAQ:SVCO - Get Free Report)'s stock had its "buy" rating reissued by research analysts at Rosenblatt Securities in a research report issued to clients and investors on Wednesday, September 23rd, Benzinga reports. They currently have a $14.00 price target on the stock. Rosenblatt Securities' price target points to a potential upside of 65.68% from the company's current price.

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

Silvaco Group Stock Up 3.7%

SVCO opened at $8.45 on Wednesday. The company has a market cap of $286.34 million, a PE ratio of -11.74 and a beta of 0.58. Silvaco Group has a twelve month low of $3.07 and a twelve month high of $14.39. The company has a 50-day moving average price of $7.30 and a 200 day moving average price of $8.85.

Silvaco Group (NASDAQ:SVCO - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. Silvaco Group had a negative return on equity of 15.29% and a negative net margin of 30.43%.The firm had revenue of $17.81 million during the quarter, compared to analysts' expectations of $17.90 million. As a group, sell-side analysts expect that Silvaco Group will post -0.23 earnings per share for the current year.

Hedge Funds Weigh In On Silvaco Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in Silvaco Group during the 2nd quarter worth $11,080,000. Algert Global LLC purchased a new stake in Silvaco Group during the 2nd quarter valued at approximately $4,962,000. Walleye Capital LLC lifted its position in 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 acquiring an additional 251,905 shares during the period. Bank of America Corp DE increased its holdings in shares of Silvaco Group by 627.6% in the first quarter. Bank of America Corp DE now owns 171,762 shares of the company's stock valued at $1,216,000 after purchasing an additional 148,156 shares during the period. Finally, Lepercq De Neuflize Asset Management LLC purchased a new stake in shares of Silvaco Group during the fourth quarter worth approximately $357,000.

Silvaco Group Company Profile

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.