Brokerages Set Silvaco Group, Inc. (NASDAQ:SVCO) Target Price at $20.83

Silvaco Group, Inc. (NASDAQ:SVCO) has been assigned an average recommendation of “Buy” from the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a buy recommendation. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $20.83.

SVCO has been the subject of several recent research reports. Craig Hallum cut their price target on Silvaco Group from $25.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. Rosenblatt Securities decreased their price objective on shares of Silvaco Group from $26.00 to $18.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. B. Riley reaffirmed a “buy” rating and issued a $26.00 target price on shares of Silvaco Group in a report on Thursday, September 19th. Needham & Company LLC decreased their price target on Silvaco Group from $26.00 to $19.00 and set a “buy” rating on the stock in a report on Thursday, October 17th. Finally, TD Cowen dropped their price objective on Silvaco Group from $23.00 to $20.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC bought a new stake in shares of Silvaco Group in the 2nd quarter valued at approximately $3,485,000. Ovata Capital Management Ltd purchased a new position in Silvaco Group during the second quarter worth $1,618,000. Federated Hermes Inc. bought a new position in Silvaco Group during the second quarter valued at $216,000. First Eagle Investment Management LLC purchased a new stake in shares of Silvaco Group in the second quarter valued at $3,469,000. Finally, XTX Topco Ltd bought a new stake in shares of Silvaco Group in the 2nd quarter worth about $402,000.

Silvaco Group Price Performance

SVCO stock opened at $6.80 on Friday. Silvaco Group has a 1-year low of $6.14 and a 1-year high of $21.59. The business has a fifty day simple moving average of $11.82.

Silvaco Group (NASDAQ:SVCO) last posted its earnings results on Wednesday, August 7th. The company reported ($0.81) EPS for the quarter, missing analysts’ consensus estimates of ($0.67) by ($0.14). The business had revenue of $14.96 million for the quarter, compared to analyst estimates of $14.68 million. As a group, research analysts anticipate that Silvaco Group will post -0.74 EPS for the current fiscal year.

About Silvaco Group

Silvaco Group Inc is a provider of TCAD, EDA software and SIP solutions which enable semiconductor design and AI through software and innovation. The company’s solutions are used for process and device development across display, power devices, automotive, memory, high performance compute, photonics, internet of things and 5G/6G mobile markets for complex SoC design.