Silvaco Group, Inc. (NASDAQ:SVCO) Stock Has Average Price Target of $13.75 According to Brokerages

Key Points

• Analysts give Silvaco a “Moderate Buy” consensus: Four of five covering brokerages rate the stock a buy, while one recommends selling; the average one-year price target is $13.75.
• Some analysts have cut their targets: TD Cowen lowered its target to $12 from $15, and B. Riley reduced its target to $11 from $16; both maintained buy ratings.
• Silvaco missed quarterly expectations, reporting a loss of $0.04 per share versus analysts’ forecast of $0.01 in earnings, and revenue of $16.29 million versus an expected $17.08 million.

Shares of Silvaco Group, Inc. (NASDAQ:SVCO - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the five brokerages that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $13.75.

Several equities research analysts recently weighed in on SVCO shares. TD Cowen dropped their price target on Silvaco Group from $15.00 to $12.00 and set a "buy" rating on the stock in a research report on Thursday, November 5th. Rosenblatt Securities reiterated a "buy" rating and issued a $14.00 price objective on shares of Silvaco Group in a report on Wednesday, September 23rd. Weiss Ratings reiterated a "sell (d-)" rating on shares of Silvaco Group in a report on Tuesday, October 6th. Finally, B. Riley Financial reissued a "buy" rating and set a $11.00 price objective (down from $16.00) on shares of Silvaco Group in a research report on Monday, November 2nd.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. BlackRock Inc. purchased a new position in shares of Silvaco Group during the second quarter valued at approximately $11,080,000. Algert Global LLC bought a new stake in shares of Silvaco Group in the 2nd quarter worth approximately $4,962,000. Bank of America Corp DE bought a new stake in shares of Silvaco Group in the 2nd quarter worth approximately $2,270,000. Russell Investments Group Ltd. grew its stake in shares of Silvaco Group by 555.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 245,712 shares of the company's stock worth $2,152,000 after buying an additional 208,227 shares during the last quarter. Finally, Walleye Capital LLC grew its stake in shares of Silvaco Group by 2,239.8% in the 1st quarter. Walleye Capital LLC now owns 263,152 shares of the company's stock worth $1,863,000 after buying an additional 251,905 shares during the last quarter.

Silvaco Group Stock Performance

Silvaco Group stock opened at $7.25 on Tuesday. The stock's 50 day simple moving average is $7.13 and its two-hundred day simple moving average is $7.72. The stock has a market cap of $245.70 million, a price-to-earnings ratio of -10.66 and a beta of 0.64. 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 posted its earnings results on Wednesday, November 4th. The company reported ($0.04) earnings per share for the quarter, missing analysts' consensus estimates of $0.01 by ($0.05). Silvaco Group had a negative return on equity of 13.43% and a negative net margin of 30.45%. The firm had revenue of $16.29 million for the quarter, compared to analysts' expectations of $17.08 million. On average, analysts predict that Silvaco Group will post -0.23 earnings per share for the current year.

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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