B. Riley Reiterates Buy Rating for Silvaco Group (NASDAQ:SVCO)

B. Riley restated their buy rating on shares of Silvaco Group (NASDAQ:SVCO) in a research note published on Thursday morning, Benzinga reports. They currently have a $26.00 price target on the stock.

Several other brokerages have also issued reports on SVCO. Rosenblatt Securities reaffirmed a buy rating and set a $26.00 price target on shares of Silvaco Group in a research note on Tuesday, September 17th. Jefferies Financial Group started coverage on shares of Silvaco Group in a research note on Monday, June 3rd. They issued a buy rating and a $25.00 target price for the company. Needham & Company LLC reissued a buy rating and set a $28.00 price target on shares of Silvaco Group in a research report on Friday, June 21st. TD Cowen initiated coverage on shares of Silvaco Group in a report on Monday, June 3rd. They issued a buy rating and a $23.00 price target for the company. Finally, Craig Hallum initiated coverage on Silvaco Group in a research note on Tuesday, June 4th. They set a buy rating and a $25.00 price objective on the stock. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of Buy and an average price target of $25.50.

Silvaco Group Price Performance

Shares of NASDAQ:SVCO opened at $14.96 on Thursday. Silvaco Group has a twelve month low of $13.99 and a twelve month high of $21.59. The firm has a fifty day simple moving average of $16.28.

Silvaco Group (NASDAQ:SVCO) last released its quarterly earnings results on Wednesday, August 7th. The company reported ($0.81) EPS for the quarter, missing the consensus estimate of ($0.67) by ($0.14). The firm had revenue of $14.96 million for the quarter, compared to analyst estimates of $14.68 million. Equities analysts anticipate that Silvaco Group will post -0.63 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Federated Hermes Inc. bought a new stake in Silvaco Group in the 2nd quarter valued at approximately $216,000. Point72 DIFC Ltd bought a new stake in shares of Silvaco Group during the 2nd quarter worth approximately $235,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Silvaco Group in the 2nd quarter valued at approximately $366,000. XTX Topco Ltd bought a new position in shares of Silvaco Group in the second quarter valued at $402,000. Finally, Squarepoint Ops LLC acquired a new position in Silvaco Group during the second quarter worth $640,000.

Silvaco Group Company Profile

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.