Silvaco Group (SVCO) Expected to Announce Earnings on Wednesday

Silvaco Group (NASDAQ:SVCO) is expected to post its quarterly earnings results after the market closes on Wednesday, March 5th. Analysts expect Silvaco Group to post earnings of $0.15 per share and revenue of $17.85 million for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Silvaco Group Trading Down 5.5 %

Shares of NASDAQ SVCO opened at $5.85 on Tuesday. The firm’s fifty day moving average is $7.78 and its two-hundred day moving average is $9.71. Silvaco Group has a 52-week low of $5.82 and a 52-week high of $21.59.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. 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 report on Wednesday, January 15th. TD Cowen reduced their target price on shares of Silvaco Group from $20.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday, November 13th. Rosenblatt Securities restated a “buy” rating and issued a $18.00 target price on shares of Silvaco Group in a report on Wednesday, January 15th. Finally, Needham & Company LLC restated a “buy” rating and issued a $19.00 target price on shares of Silvaco Group in a report on Wednesday, November 13th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus 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.