Silvaco Group (SVCO) Expected to Announce Quarterly Earnings on Wednesday

Silvaco Group (NASDAQ:SVCO) will likely be releasing its earnings data after the market closes on Wednesday, March 5th. Analysts expect Silvaco Group to post earnings of $0.15 per share and revenue of $17.85 million for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Silvaco Group Stock Down 5.4 %

SVCO opened at $6.28 on Wednesday. Silvaco Group has a 12 month low of $6.14 and a 12 month high of $21.59. The firm’s fifty day simple moving average is $7.93 and its 200 day simple moving average is $9.98.

Wall Street Analyst Weigh In

Several research firms recently commented on SVCO. TD Cowen cut their price objective 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. Needham & Company LLC restated a “buy” rating and set a $19.00 price objective on shares of Silvaco Group in a research note on Wednesday, November 13th. Rosenblatt Securities restated a “buy” rating and set a $18.00 price objective on shares of Silvaco Group in a research note on Wednesday, January 15th. Finally, Craig Hallum reduced their price objective on shares of Silvaco Group from $17.00 to $15.00 and set a “buy” rating for the company in a research note on Wednesday, January 15th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $19.67.

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.