Silvaco Group (SVCO) Expected to Announce Quarterly Earnings on Wednesday

Silvaco Group (NASDAQ:SVCO) is projected to announce its earnings results after the market closes on Wednesday, March 5th. Analysts expect the company to announce earnings of $0.15 per share and revenue of $17.85 million for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Silvaco Group Stock Down 5.4 %

SVCO opened at $6.28 on Wednesday. The company has a fifty day moving average price of $7.93 and a two-hundred day moving average price of $9.98. Silvaco Group has a 52 week low of $6.14 and a 52 week high of $21.59.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SVCO. TD Cowen reduced their price target on shares of Silvaco Group from $20.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday, November 13th. Needham & Company LLC reissued a “buy” rating and set a $19.00 price target on shares of Silvaco Group in a research report on Wednesday, November 13th. Rosenblatt Securities reissued a “buy” rating and set a $18.00 price target on shares of Silvaco Group in a research report on Wednesday, January 15th. Finally, Craig Hallum reduced their price target on shares of Silvaco Group from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, Silvaco Group currently has an average rating of “Buy” and an average price target of $19.67.

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.