Silvaco Group (NASDAQ:SVCO) Updates Q4 2024 Earnings Guidance

Silvaco Group (NASDAQ:SVCO) updated its fourth quarter 2024 earnings guidance on Tuesday. The company provided earnings per share guidance of 0.130-0.170 for the period, compared to the consensus earnings per share estimate of 0.130. The company issued revenue guidance of $17.7 million-$18.1 million, compared to the consensus revenue estimate of $19.6 million.

Wall Street Analyst Weigh In

SVCO has been the topic of a number of recent research reports. B. Riley reaffirmed a “buy” rating and issued a $26.00 target price on shares of Silvaco Group in a research report on Thursday, September 19th. Rosenblatt Securities cut their price objective on shares of Silvaco Group from $26.00 to $18.00 and set a “buy” rating on the stock in a report on Thursday, October 17th. TD Cowen lowered their target price on shares of Silvaco Group from $20.00 to $15.00 and set a “buy” rating for the company in a report on Wednesday, November 13th. Needham & Company LLC restated a “buy” rating and issued a $19.00 price target on shares of Silvaco Group in a research note on Wednesday, November 13th. Finally, Craig Hallum lowered their price objective on Silvaco Group from $25.00 to $17.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $20.00.

Silvaco Group Stock Performance

Silvaco Group stock opened at $7.50 on Tuesday. The stock has a fifty day moving average of $7.91 and a 200 day moving average of $12.19. Silvaco Group has a one year low of $6.14 and a one year high of $21.59.

Insider Activity

In related news, insider Eric Guichard sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $7.19, for a total transaction of $179,750.00. Following the completion of the transaction, the insider now directly owns 57,902 shares in the company, valued at approximately $416,315.38. The trade was a 30.16 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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.