Silvaco Group (NASDAQ:SVCO) Issues Q4 Earnings Guidance

Silvaco Group (NASDAQ:SVCO) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided EPS guidance of $0.13-0.17 for the period, compared to the consensus EPS estimate of $0.13. The company issued revenue guidance of $17.7-18.1 million, compared to the consensus revenue estimate of $19.61 million. Silvaco Group also updated its Q4 2024 guidance to 0.130-0.170 EPS.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SVCO. B. Riley reissued a “buy” rating and set a $26.00 price objective on shares of Silvaco Group in a report on Thursday, September 19th. Needham & Company LLC reissued a “buy” rating and set a $19.00 price target on shares of Silvaco Group in a research note on Wednesday, November 13th. Rosenblatt Securities restated a “buy” rating and issued a $18.00 price objective on shares of Silvaco Group in a report on Wednesday. Craig Hallum reduced their target price on shares of Silvaco Group from $25.00 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. Finally, TD Cowen lowered their price target on shares of Silvaco Group from $20.00 to $15.00 and set a “buy” rating for the company in a research note on Wednesday, November 13th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Silvaco Group presently has a consensus rating of “Buy” and an average price target of $20.00.

Silvaco Group Stock Up 6.8 %

Shares of NASDAQ SVCO opened at $8.01 on Wednesday. The firm’s fifty day moving average is $7.94 and its 200 day moving average is $12.12. Silvaco Group has a 52 week low of $6.14 and a 52 week high of $21.59.

Insider Buying and Selling at Silvaco Group

In related news, insider Eric Guichard sold 25,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $7.19, for a total value of $179,750.00. Following the sale, the insider now directly owns 57,902 shares of the company’s stock, valued at $416,315.38. This trade represents a 30.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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.