Silvaco Group (NASDAQ:SVCO) Updates Q4 Earnings Guidance

Silvaco Group (NASDAQ:SVCO) updated its fourth quarter earnings guidance on Tuesday. The company provided earnings per share guidance of $0.13-0.17 for the period, compared to the consensus earnings per share 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.

Silvaco Group Price Performance

NASDAQ:SVCO opened at $7.50 on Tuesday. Silvaco Group has a twelve month low of $6.14 and a twelve month high of $21.59. The company’s 50 day moving average is $7.91 and its two-hundred day moving average is $12.19.

Wall Street Analyst Weigh In

A number of brokerages have 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 issued a $19.00 price objective on shares of Silvaco Group in a report on Wednesday, November 13th. Rosenblatt Securities decreased their target price on Silvaco Group from $26.00 to $18.00 and set a “buy” rating for the company in a report on Thursday, October 17th. TD Cowen cut their price target 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. Finally, Craig Hallum reduced their price target on shares of Silvaco Group from $25.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Silvaco Group presently has an average rating of “Buy” and an average target price of $20.00.

Insider Activity at Silvaco Group

In other Silvaco Group news, insider Eric Guichard sold 25,000 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $7.19, for a total value of $179,750.00. Following the completion of the transaction, the insider now owns 57,902 shares in the company, valued at approximately $416,315.38. This represents a 30.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

About Silvaco Group

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.