Silvaco Group (NASDAQ:SVCO) Given “Buy” Rating at Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of Silvaco Group (NASDAQ:SVCO) in a research note released on Monday,Benzinga reports. The brokerage currently has a $10.00 target price on the stock.

Several other brokerages have also commented on SVCO. TD Cowen cut their price target on shares of Silvaco Group from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Friday. Wall Street Zen raised Silvaco Group from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Silvaco Group in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Silvaco Group presently has an average rating of “Moderate Buy” and a consensus price target of $9.33.

Silvaco Group Stock Up 0.4%

Shares of Silvaco Group stock opened at $5.05 on Monday. Silvaco Group has a 52 week low of $3.07 and a 52 week high of $6.57. The firm’s 50 day moving average is $4.01 and its two-hundred day moving average is $4.67. The firm has a market capitalization of $158.77 million, a P/E ratio of -3.58 and a beta of 3.48.

Silvaco Group (NASDAQ:SVCO) last issued its quarterly earnings data on Thursday, March 12th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.09. Silvaco Group had a negative net margin of 65.34% and a negative return on equity of 23.01%. The business had revenue of $18.25 million during the quarter, compared to the consensus estimate of $16.38 million. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. As a group, research analysts expect that Silvaco Group will post -0.76 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Silvaco Group

Several large investors have recently modified their holdings of SVCO. Lepercq De Neuflize Asset Management LLC acquired a new stake in shares of Silvaco Group during the fourth quarter worth $357,000. Lynrock Lake LP increased its stake in Silvaco Group by 132.3% in the 4th quarter. Lynrock Lake LP now owns 472,764 shares of the company’s stock valued at $1,915,000 after buying an additional 269,283 shares during the period. XTX Topco Ltd acquired a new position in Silvaco Group in the 4th quarter valued at $114,000. Quadrature Capital Ltd raised its position in Silvaco Group by 70.9% during the 4th quarter. Quadrature Capital Ltd now owns 31,682 shares of the company’s stock worth $128,000 after buying an additional 13,148 shares during the last quarter. Finally, Cinctive Capital Management LP raised its position in Silvaco Group by 27.8% during the 4th quarter. Cinctive Capital Management LP now owns 115,000 shares of the company’s stock worth $466,000 after buying an additional 25,000 shares during the last quarter.

Silvaco Group Company Profile

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.