Silvaco Group (NASDAQ:SVCO) Stock Price Target Lowered at TD Cowen

Key Points

• TD Cowen lowered its price target for Silvaco Group from $15 to $12 but maintained a Buy rating; the new target implies about 80.75% upside from the cited share price.
• Analyst sentiment is mixed but leans positive: MarketBeat reports a Moderate Buy consensus and a $13.75 average target, with four Buy ratings and one Sell rating.
• Silvaco’s latest quarter fell short of expectations, posting a loss of $0.04 per share versus analysts’ forecast of $0.01 earnings and revenue of $16.29 million versus $17.08 million expected.

Silvaco Group (NASDAQ:SVCO - Get Free Report) had its price target lowered by equities researchers at TD Cowen from $15.00 to $12.00 in a report released on Thursday, Benzinga reports. The firm currently has a "buy" rating on the stock. TD Cowen's target price would suggest a potential upside of 80.75% from the stock's current price.

SVCO has been the topic of several other reports. B. Riley Financial restated a "buy" rating and issued a $11.00 price target (down from $16.00) on shares of Silvaco Group in a research report on Monday. Rosenblatt Securities restated a "buy" rating and set a $14.00 target price on shares of Silvaco Group in a research report on Wednesday, September 23rd. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Silvaco Group in a research note on Tuesday, October 6th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $13.75.

Silvaco Group Stock Up 14.1%

NASDAQ SVCO traded up $0.82 during trading hours on Thursday, hitting $6.64. The company's stock had a trading volume of 417,840 shares, compared to its average volume of 431,891. The stock has a fifty day moving average of $7.12 and a 200 day moving average of $7.69. Silvaco Group has a twelve month low of $3.07 and a twelve month high of $14.39. The firm has a market capitalization of $225.00 million, a P/E ratio of -9.19 and a beta of 0.64.

Silvaco Group (NASDAQ:SVCO - Get Free Report) last released its earnings results on Wednesday, November 4th. The company reported ($0.04) EPS for the quarter, missing analysts' consensus estimates of $0.01 by ($0.05). The business had revenue of $16.29 million for the quarter, compared to analyst estimates of $17.08 million. Silvaco Group had a negative return on equity of 15.29% and a negative net margin of 30.43%. On average, analysts predict that Silvaco Group will post -0.23 earnings per share for the current year.

Institutional Trading of Silvaco Group

A number of large investors have recently made changes to their positions in the company. Global Retirement Partners LLC acquired a new position in shares of Silvaco Group in the 2nd quarter valued at approximately $27,000. Quantbot Technologies LP bought a new position in Silvaco Group in the second quarter valued at approximately $28,000. State of Alaska Department of Revenue acquired a new position in shares of Silvaco Group in the third quarter valued at approximately $25,000. Bank of New York Mellon Corp increased its position in shares of Silvaco Group by 20.2% during the first quarter. Bank of New York Mellon Corp now owns 23,012 shares of the company's stock worth $163,000 after acquiring an additional 3,871 shares in the last quarter. Finally, State of Wyoming acquired a new stake in shares of Silvaco Group during the third quarter worth $57,000.

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 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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