Rosenblatt Securities Reiterates Buy Rating for Silvaco Group (NASDAQ:SVCO)

Rosenblatt Securities reiterated their buy rating on shares of Silvaco Group (NASDAQ:SVCOFree Report) in a report issued on Tuesday, Benzinga reports. They currently have a $26.00 price target on the stock.

SVCO has been the topic of a number of other reports. B. Riley reissued a buy rating and issued a $28.00 price objective (up from $26.00) on shares of Silvaco Group in a research note on Friday, June 21st. Craig Hallum assumed coverage on shares of Silvaco Group in a research note on Tuesday, June 4th. They issued a buy rating and a $25.00 price objective on the stock. Needham & Company LLC reissued a buy rating and issued a $28.00 price objective on shares of Silvaco Group in a research note on Friday, June 21st. TD Cowen assumed coverage on shares of Silvaco Group in a research note on Monday, June 3rd. They issued a buy rating and a $23.00 price objective on the stock. Finally, Jefferies Financial Group assumed coverage on shares of Silvaco Group in a research note on Monday, June 3rd. They issued 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, Silvaco Group has a consensus rating of Buy and an average price target of $25.83.

Read Our Latest Research Report on SVCO

Silvaco Group Price Performance

NASDAQ SVCO opened at $14.93 on Tuesday. Silvaco Group has a 1-year low of $13.99 and a 1-year high of $21.59. The company has a 50 day simple moving average of $16.50.

Silvaco Group (NASDAQ:SVCOGet Free Report) last released its quarterly earnings results on Wednesday, August 7th. The company reported ($0.81) earnings per share 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. On average, sell-side analysts anticipate that Silvaco Group will post -0.63 earnings per share for the current year.

Institutional Trading of Silvaco Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Lynrock Lake LP bought a new stake in shares of Silvaco Group during the second quarter worth $3,596,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Silvaco Group in the second quarter worth $3,485,000. First Eagle Investment Management LLC bought a new stake in shares of Silvaco Group in the second quarter worth $3,469,000. Davidson Kempner Capital Management LP bought a new stake in shares of Silvaco Group in the second quarter worth $3,182,000. Finally, Ovata Capital Management Ltd bought a new stake in shares of Silvaco Group in the second quarter worth $1,618,000.

About Silvaco Group

(Get Free Report)

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.

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Analyst Recommendations for Silvaco Group (NASDAQ:SVCO)

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