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

Silvaco Group (NASDAQ:SVCO) updated its fourth quarter 2024 earnings guidance on Tuesday. The company provided EPS guidance of 0.130-0.170 for the period, compared to the consensus EPS 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. Silvaco Group also updated its Q4 guidance to $0.13-0.17 EPS.

Silvaco Group Price Performance

SVCO stock opened at $8.22 on Thursday. Silvaco Group has a twelve month low of $6.14 and a twelve month high of $21.59. The company’s 50 day moving average is $7.94 and its two-hundred day moving average is $12.12.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on SVCO shares. Needham & Company LLC reissued a “buy” rating and issued a $19.00 price target on shares of Silvaco Group in a research report on Wednesday, November 13th. Craig Hallum reduced their target price on Silvaco Group from $17.00 to $15.00 and set a “buy” rating for the company in a report on Wednesday. TD Cowen dropped their price target on Silvaco Group from $20.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, November 13th. B. Riley reiterated a “buy” rating and issued a $26.00 price objective on shares of Silvaco Group in a research note on Thursday, September 19th. Finally, Rosenblatt Securities restated a “buy” rating and set a $18.00 target price on shares of Silvaco Group in a research report on Wednesday. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Silvaco Group currently has a consensus rating of “Buy” and a consensus target price of $19.67.

Insider Buying and Selling at Silvaco Group

In other 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 value of $179,750.00. Following the transaction, the insider now owns 57,902 shares of the company’s stock, valued at approximately $416,315.38. The trade was a 30.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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.