Silvaco Group (NASDAQ:SVCO) Issues 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 Stock Performance

Shares of SVCO stock opened at $7.50 on Tuesday. The stock has a fifty day simple moving average of $7.91 and a two-hundred day simple moving average of $12.19. Silvaco Group has a 52-week low of $6.14 and a 52-week high of $21.59.

Analyst Ratings Changes

A number of brokerages have recently commented on SVCO. Craig Hallum dropped their target price on Silvaco Group from $25.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. Needham & Company LLC restated a “buy” rating and set a $19.00 price objective on shares of Silvaco Group in a report on Wednesday, November 13th. B. Riley reiterated a “buy” rating and issued a $26.00 target price on shares of Silvaco Group in a research note on Thursday, September 19th. Rosenblatt Securities cut their price target 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. Finally, 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 research report on Wednesday, November 13th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $20.00.

Insider Transactions at Silvaco Group

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