Silvaco Group’s (NASDAQ:SVCO – Get Free Report) lock-up period is set to expire on Tuesday, November 5th. Silvaco Group had issued 6,000,000 shares in its IPO on May 9th. The total size of the offering was $114,000,000 based on an initial share price of $19.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the expiration of the lock-up period.
Analyst Ratings Changes
A number of analysts recently weighed in on SVCO shares. Needham & Company LLC decreased their price target on shares of Silvaco Group from $26.00 to $19.00 and set a “buy” rating for the company in a research report on Thursday, October 17th. Craig Hallum decreased their target price on Silvaco Group from $25.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. B. Riley reiterated a “buy” rating and set a $26.00 target price on shares of Silvaco Group in a report on Thursday, September 19th. TD Cowen decreased their price target on Silvaco Group from $23.00 to $20.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. Finally, Rosenblatt Securities dropped 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 note on Thursday, October 17th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $20.83.
View Our Latest Stock Analysis on Silvaco Group
Silvaco Group Stock Down 0.6 %
Silvaco Group (NASDAQ:SVCO – Get 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 analyst estimates of $14.68 million. Equities analysts expect that Silvaco Group will post -0.74 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Silvaco Group
A number of institutional investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC acquired a new stake in Silvaco Group during the second quarter valued at approximately $3,485,000. Ovata Capital Management Ltd acquired a new stake in shares of Silvaco Group during the 2nd quarter valued at approximately $1,618,000. Federated Hermes Inc. bought a new position in Silvaco Group during the second quarter worth $216,000. First Eagle Investment Management LLC acquired a new position in Silvaco Group in the second quarter worth $3,469,000. Finally, XTX Topco Ltd bought a new stake in Silvaco Group during the second quarter valued at $402,000.
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.
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