Silvaco Group (SVCO) Set to Announce Earnings on Wednesday

Silvaco Group (NASDAQ:SVCO) will announce its earnings results after the market closes on Wednesday, August 7th. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Silvaco Group (NASDAQ:SVCO) last issued its earnings results on Thursday, June 20th. The company reported $0.12 earnings per share (EPS) for the quarter. The company had revenue of $15.89 million during the quarter. On average, analysts expect Silvaco Group to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Silvaco Group Stock Performance

SVCO stock opened at $16.64 on Wednesday. The firm’s 50 day moving average price is $18.29. Silvaco Group has a one year low of $15.81 and a one year high of $21.59.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Jefferies Financial Group started coverage on shares of Silvaco Group in a research note on Monday, June 3rd. They set a “buy” rating and a $25.00 target price on the stock. Craig Hallum assumed coverage on Silvaco Group in a report on Tuesday, June 4th. They issued a “buy” rating and a $25.00 target price for the company. Rosenblatt Securities reiterated a “buy” rating and issued a $26.00 price objective on shares of Silvaco Group in a research note on Friday, June 21st. Needham & Company LLC reaffirmed a “buy” rating and issued a $28.00 target price on shares of Silvaco Group in a report on Friday, June 21st. Finally, B. Riley reissued a “buy” rating and issued a $28.00 target price (up previously from $26.00) on shares of Silvaco Group in a report on Friday, June 21st. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $25.83.

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.