TD Cowen Cuts Silvaco Group (NASDAQ:SVCO) Price Target to $6.00

Silvaco Group (NASDAQ:SVCO) had its price objective lowered by equities research analysts at TD Cowen from $8.00 to $6.00 in a report issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. TD Cowen’s price objective points to a potential upside of 31.12% from the stock’s current price.

Several other equities research analysts have also commented on the company. Weiss Ratings restated a “sell (e+)” rating on shares of Silvaco Group in a research report on Thursday, January 22nd. Wall Street Zen lowered Silvaco Group from a “hold” rating to a “sell” rating in a research note on Saturday, January 31st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $9.33.

Silvaco Group Price Performance

NASDAQ SVCO traded up $1.28 during mid-day trading on Friday, reaching $4.58. 3,678,459 shares of the stock were exchanged, compared to its average volume of 195,141. The stock has a market cap of $140.21 million, a P/E ratio of -4.36 and a beta of 3.48. Silvaco Group has a one year low of $3.07 and a one year high of $6.57. The stock has a 50 day simple moving average of $3.98 and a 200-day simple moving average of $4.67.

Silvaco Group (NASDAQ:SVCO) last issued its quarterly earnings results on Thursday, March 12th. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.09. Silvaco Group had a negative return on equity of 15.53% and a negative net margin of 47.59%.The firm had revenue of $18.25 million during the quarter, compared to the consensus estimate of $16.38 million. The firm’s revenue was up 2.2% on a year-over-year basis. Sell-side analysts anticipate that Silvaco Group will post -0.76 EPS for the current fiscal year.

Institutional Trading of Silvaco Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Alyeska Investment Group L.P. raised its stake in Silvaco Group by 267.9% during the 4th quarter. Alyeska Investment Group L.P. now owns 732,824 shares of the company’s stock worth $2,968,000 after buying an additional 533,630 shares during the period. Lynrock Lake LP grew its stake in Silvaco Group by 132.3% in the fourth quarter. Lynrock Lake LP now owns 472,764 shares of the company’s stock valued at $1,915,000 after acquiring an additional 269,283 shares during the period. Vanguard Group Inc. increased its holdings in shares of Silvaco Group by 6.0% during the third quarter. Vanguard Group Inc. now owns 401,649 shares of the company’s stock valued at $2,173,000 after acquiring an additional 22,682 shares in the last quarter. Nano Cap New Millennium Growth Fund L P bought a new stake in shares of Silvaco Group during the fourth quarter valued at approximately $1,012,000. Finally, Topline Capital Management LLC acquired a new position in shares of Silvaco Group during the second quarter worth approximately $1,096,000.

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.