Silvaco Group (SVCO) Expected to Announce Earnings on Wednesday

Silvaco Group (NASDAQ:SVCO) is anticipated to release its earnings data 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. Persons interested in listening to the company’s earnings conference call can do so using this link.

Silvaco Group Stock Down 5.5 %

SVCO stock opened at $5.85 on Tuesday. Silvaco Group has a 12 month low of $5.82 and a 12 month high of $21.59. The company has a 50-day moving average price of $7.78 and a 200 day moving average price of $9.71.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on SVCO shares. TD Cowen lowered their price objective on shares of Silvaco Group from $20.00 to $15.00 and set a “buy” rating for the company in a research report on Wednesday, November 13th. Craig Hallum lowered their price objective on shares of Silvaco Group from $17.00 to $15.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. Rosenblatt Securities reissued a “buy” rating and issued a $18.00 price objective on shares of Silvaco Group in a research report on Wednesday, January 15th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $19.00 price objective on shares of Silvaco Group in a research report on Wednesday, November 13th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $19.67.

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.