Silvaco Group, Inc. (NASDAQ:SVCO) Stock Has Average Price Target of $12.67 According to Brokerages

Key Points

• Analyst sentiment is moderately bullish: Five analysts rate Silvaco Group “Moderate Buy,” with three buys, one strong buy and one sell. The average 12-month price target is $12.67 versus the stock’s recent price of $6.58.
• Institutional ownership has increased, with Dimensional Fund Advisors raising its stake by 32.7% and Bank of New York Mellon increasing its position by 20.2%; several other institutions initiated new positions.
• Silvaco reported quarterly EPS of $0.01, matching estimates, while revenue of $17.81 million came slightly below expectations. The company remains unprofitable, with a negative net margin of 30.43%, and analysts expect a full-year loss of $0.23 per share.

Silvaco Group, Inc. (NASDAQ:SVCO - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the five analysts that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $12.67.

A number of equities research analysts recently weighed in on SVCO shares. Weiss Ratings reissued a "sell (d-)" rating on shares of Silvaco Group in a research report on Tuesday, October 6th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $14.00 price target on shares of Silvaco Group in a report on Wednesday, September 23rd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Global Retirement Partners LLC bought a new stake in Silvaco Group in the 2nd quarter valued at $27,000. Quantbot Technologies LP bought a new position in shares of Silvaco Group during the 2nd quarter worth about $28,000. State of Alaska Department of Revenue acquired a new stake in shares of Silvaco Group during the 3rd quarter valued at about $25,000. Bank of New York Mellon Corp boosted its position 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 in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Silvaco Group by 32.7% in the first quarter. Dimensional Fund Advisors LP now owns 33,231 shares of the company's stock valued at $235,000 after acquiring an additional 8,186 shares during the period.

Silvaco Group Stock Up 0.5%

Shares of NASDAQ SVCO opened at $6.58 on Friday. Silvaco Group has a 12 month low of $3.07 and a 12 month high of $14.39. The business's 50 day moving average is $7.34 and its two-hundred day moving average is $9.02. The company has a market cap of $223.00 million, a P/E ratio of -9.14 and a beta of 0.42.

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

Silvaco Group Company Profile

Silvaco Group, Inc is a semiconductor technology company that develops electronic design automation (EDA) software and semiconductor intellectual property (IP). Its tools help semiconductor and electronics companies design, simulate, verify and optimize integrated circuits and other advanced electronic systems.

The company's product portfolio includes technology computer-aided design (TCAD) software for modeling semiconductor processes and devices, circuit simulation and analysis tools, analog and mixed-signal design solutions, and digital design automation products.

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