Silvaco Group (NASDAQ:SVCO) Stock Rating Reaffirmed by Rosenblatt Securities

Rosenblatt Securities reissued their buy rating on shares of Silvaco Group (NASDAQ:SVCO) in a report released on Tuesday morning, Benzinga reports. The firm currently has a $26.00 price target on the stock.

Several other analysts have also recently commented on SVCO. B. Riley restated a buy rating and issued a $28.00 target price (up from $26.00) on shares of Silvaco Group in a research note on Friday, June 21st. Craig Hallum began coverage on shares of Silvaco Group in a research report on Tuesday, June 4th. They issued a buy rating and a $25.00 price objective for the company. Needham & Company LLC reaffirmed a buy rating and issued a $28.00 target price on shares of Silvaco Group in a research note on Friday, June 21st. TD Cowen started coverage on shares of Silvaco Group in a research note on Monday, June 3rd. They set a buy rating and a $23.00 price target on the stock. Finally, Jefferies Financial Group assumed coverage on shares of Silvaco Group in a report on Monday, June 3rd. They issued a buy rating and a $25.00 price target for the company. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of Buy and an average price target of $25.50.

Silvaco Group Stock Down 4.3 %

Shares of Silvaco Group stock opened at $14.96 on Tuesday. Silvaco Group has a 12-month low of $13.99 and a 12-month high of $21.59. The stock’s 50-day moving average price is $16.35.

Silvaco Group (NASDAQ:SVCO) last posted its earnings results on Wednesday, August 7th. The company reported ($0.81) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.67) by ($0.14). The firm had revenue of $14.96 million for the quarter, compared to the consensus estimate of $14.68 million. As a group, equities research analysts forecast that Silvaco Group will post -0.63 EPS for the current fiscal year.

Hedge Funds Weigh In On Silvaco Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Federated Hermes Inc. acquired a new position in shares of Silvaco Group in the 2nd quarter valued at $216,000. Point72 DIFC Ltd acquired a new stake in shares of Silvaco Group during the second quarter worth $235,000. Cubist Systematic Strategies LLC bought a new stake in Silvaco Group in the second quarter valued at about $366,000. XTX Topco Ltd acquired a new position in Silvaco Group in the second quarter valued at about $402,000. Finally, Squarepoint Ops LLC bought a new position in Silvaco Group during the second quarter worth about $640,000.

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.