Aquila Investment Management LLC Lowers Stock Position in Silvaco Group, Inc. (NASDAQ:SVCO)

Aquila Investment Management LLC decreased its position in Silvaco Group, Inc. (NASDAQ:SVCO) by 50.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,000 shares of the company’s stock after selling 25,000 shares during the period. Aquila Investment Management LLC owned 0.10% of Silvaco Group worth $358,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Federated Hermes Inc. bought a new position in shares of Silvaco Group during the 2nd quarter valued at approximately $216,000. Point72 DIFC Ltd purchased a new stake in shares of Silvaco Group during the second quarter worth $235,000. Cubist Systematic Strategies LLC bought a new stake in shares of Silvaco Group during the 2nd quarter valued at $366,000. XTX Topco Ltd purchased a new stake in Silvaco Group during the 2nd quarter worth about $402,000. Finally, Squarepoint Ops LLC purchased a new position in Silvaco Group during the 2nd quarter valued at about $640,000.

Wall Street Analysts Forecast Growth

Several research analysts have commented on SVCO shares. Rosenblatt Securities reduced their price target on shares of Silvaco Group from $26.00 to $18.00 and set a “buy” rating for the company in a research report on Thursday, October 17th. B. Riley reissued a “buy” rating and issued a $26.00 target price on shares of Silvaco Group in a research note on Thursday, September 19th. Craig Hallum lowered their price objective on shares of Silvaco Group from $25.00 to $17.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. Needham & Company LLC cut their price objective on Silvaco Group from $26.00 to $19.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. Finally, TD Cowen dropped their target price on shares of Silvaco Group from $23.00 to $20.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. Six equities research 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 $20.83.

Silvaco Group Stock Down 0.6 %

Shares of NASDAQ:SVCO opened at $6.44 on Wednesday. The firm’s fifty day moving average is $13.95. Silvaco Group, Inc. has a 1-year low of $6.25 and a 1-year high of $21.59.

Silvaco Group (NASDAQ:SVCO) last released its quarterly earnings data on Wednesday, August 7th. The company reported ($0.81) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.67) by ($0.14). The business had revenue of $14.96 million for the quarter, compared to analyst estimates of $14.68 million. On average, sell-side analysts predict that Silvaco Group, Inc. will post -0.74 EPS for the current fiscal year.

Silvaco Group 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.