Brokerages Set Silvaco Group, Inc. (NASDAQ:SVCO) Target Price at $9.33

Shares of Silvaco Group, Inc. (NASDAQ:SVCO) have received an average recommendation of “Moderate Buy” from the five brokerages that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $9.3333.

Several research analysts have weighed in on SVCO shares. Wall Street Zen raised Silvaco Group from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. TD Cowen lowered their target price on Silvaco Group from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Friday, March 13th. Weiss Ratings reissued a “sell (e+)” rating on shares of Silvaco Group in a report on Thursday, January 22nd. Finally, Needham & Company LLC restated a “buy” rating and set a $10.00 price target on shares of Silvaco Group in a research report on Monday, March 16th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SVCO. Alyeska Investment Group L.P. raised its holdings in shares of Silvaco Group by 267.9% in the 4th quarter. Alyeska Investment Group L.P. now owns 732,824 shares of the company’s stock worth $2,968,000 after purchasing an additional 533,630 shares during the period. Lynrock Lake LP grew its holdings in Silvaco Group by 132.3% during the fourth quarter. Lynrock Lake LP now owns 472,764 shares of the company’s stock valued at $1,915,000 after purchasing an additional 269,283 shares during the period. Nano Cap New Millennium Growth Fund L P bought a new position in Silvaco Group during the fourth quarter valued at $1,012,000. Topline Capital Management LLC purchased a new stake in Silvaco Group in the second quarter worth $1,096,000. Finally, Cinctive Capital Management LP bought a new stake in shares of Silvaco Group in the third quarter valued at $487,000.

Silvaco Group Stock Up 1.4%

Silvaco Group stock opened at $7.18 on Monday. Silvaco Group has a 52 week low of $3.07 and a 52 week high of $7.44. The company’s 50 day moving average price is $4.54 and its two-hundred day moving average price is $4.80. The stock has a market cap of $225.74 million, a P/E ratio of -5.09 and a beta of -0.80.

Silvaco Group (NASDAQ:SVCO) last released its earnings results on Thursday, March 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.09. The company had revenue of $18.25 million during the quarter, compared to analyst estimates of $16.38 million. Silvaco Group had a negative return on equity of 23.01% and a negative net margin of 65.34%.Silvaco Group’s quarterly revenue was up 2.2% on a year-over-year basis. On average, equities analysts anticipate that Silvaco Group will post -0.76 EPS for the current year.

About Silvaco Group

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.