Silvaco Group's (SVCO) Buy Rating Reiterated at Needham & Company LLC

Key Points

• Needham & Company reaffirmed a Buy rating on Silvaco Group with a $10.00 price target, implying about a 98.8% upside from the prior close.
• Analyst views are mixed but lean positive—Silvaco has a consensus rating of “Moderate Buy” with an average price target of $9.33, while individual notes range from a TD Cowen $6 target to a Weiss Ratings sell.
• Silvaco recently beat quarterly EPS estimates (‑$0.03 vs. ‑$0.12) and saw revenue rise 2.2% to $18.25M, but the company still reports a negative net margin (65.34%) and negative return on equity; shares trade near $5 with a market cap of about $158M.

Silvaco Group (NASDAQ:SVCO - Get Free Report)'s stock had its "buy" rating reaffirmed by Needham & Company LLC in a research report issued to clients and investors on Monday,Benzinga reports. They presently have a $10.00 price target on the stock. Needham & Company LLC's price target would suggest a potential upside of 98.81% from the company's previous close.

SVCO has been the subject of several other reports. TD Cowen dropped their price objective on Silvaco Group from $8.00 to $6.00 and set a "buy" rating for the company in a report on Friday. Wall Street Zen raised shares of Silvaco Group from a "sell" rating to a "hold" rating in a research report on Saturday. Finally, Weiss Ratings reiterated a "sell (e+)" rating on shares of Silvaco Group in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $9.33.

Silvaco Group Stock Performance

NASDAQ:SVCO opened at $5.03 on Monday. Silvaco Group has a 52 week low of $3.07 and a 52 week high of $6.57. The firm's 50-day simple moving average is $4.00 and its 200 day simple moving average is $4.67. The firm has a market cap of $158.14 million, a price-to-earnings ratio of -3.57 and a beta of 3.48.

Silvaco Group (NASDAQ:SVCO - Get Free Report) last announced its earnings results on Thursday, March 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.12) by $0.09. Silvaco Group had a negative net margin of 65.34% and a negative return on equity of 23.01%. The firm had revenue of $18.25 million for the quarter, compared to analyst estimates of $16.38 million. The company's revenue was up 2.2% on a year-over-year basis. Sell-side analysts anticipate that Silvaco Group will post -0.76 EPS for the current year.

Institutional Investors Weigh In On Silvaco Group

A number of hedge funds have recently made changes to their positions in SVCO. Lepercq De Neuflize Asset Management LLC bought a new position in Silvaco Group in the 4th quarter valued at approximately $357,000. Lynrock Lake LP increased its holdings in shares of Silvaco Group by 132.3% during the fourth quarter. Lynrock Lake LP now owns 472,764 shares of the company's stock worth $1,915,000 after buying an additional 269,283 shares in the last quarter. XTX Topco Ltd bought a new position in shares of Silvaco Group in the 4th quarter valued at $114,000. Quadrature Capital Ltd boosted its holdings in shares of Silvaco Group by 70.9% during the 4th quarter. Quadrature Capital Ltd now owns 31,682 shares of the company's stock valued at $128,000 after acquiring an additional 13,148 shares in the last quarter. Finally, Cinctive Capital Management LP grew its position in Silvaco Group by 27.8% during the 4th quarter. Cinctive Capital Management LP now owns 115,000 shares of the company's stock worth $466,000 after acquiring an additional 25,000 shares during the last quarter.

Silvaco Group Company Profile

Silvaco Group, Inc is a provider of electronic design automation (EDA) software and semiconductor intellectual property (IP) solutions. Founded in 1984 and headquartered in Santa Clara, California, the company offers a suite of tools for process and device simulation, circuit design, verification, and physical implementation. Silvaco's core product lines include technology computer-aided design (TCAD) for process modeling, SPICE circuit simulators for analog and digital analysis, and layout and parasitic extraction tools for physical verification.

In addition to its EDA software, Silvaco delivers semiconductor IP in areas such as memory compilers, interface IP (including USB, PCI Express and DDR), and embedded analog/mixed-signal cores.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.