Last Updated: 17 Oct 2024
Executive Summary
Silvaco Group, Inc. (SVCO) is a leading provider of electronic design automation (EDA) software and services. The company's software is used by semiconductor manufacturers to design and verify integrated circuits (ICs). SVCO has a strong track record of innovation and has been a pioneer in the development of new EDA technologies. The company has a global customer base and generates revenue from both software licenses and maintenance contracts.
Company Overview
SVCO was founded in 1984 and is headquartered in Santa Clara, California. The company has approximately 500 employees worldwide. SVCO's software is used by a wide range of semiconductor manufacturers, including Intel, Samsung, and TSMC. The company's software is also used by universities and research institutions.
Fundamental Analysis
SVCO's financial performance has been mixed in recent years. The company has reported losses in each of the past three fiscal years. However, the company's revenue has grown steadily over the past five years. In fiscal 2023, SVCO reported revenue of $58.3 million, up 19.4% from the previous year. The company's gross profit margin was 0%, and its net loss was $20.1 million.
SVCO's financial performance is expected to improve in the coming years. The company is benefiting from the growing demand for EDA software. The company is also expanding its product portfolio and entering new markets.
Technical Analysis
SVCO's stock price has been in a downtrend since early 2022. The stock price has fallen from a high of $21.59 in January 2022 to a low of $7.34 in June 2023. The stock price is currently trading at $7.45.
The technical analysis of SVCO's stock price suggests that the stock is oversold. The stock price is below its 50-day and 200-day moving averages. The stock price is also below its support level of $8.00.
Short Term Outlook
The short-term outlook for SVCO's stock price is mixed. The stock price is oversold, but it is also in a downtrend. The stock price is likely to remain volatile in the short term.
Long Term Outlook
The long-term outlook for SVCO's stock price is positive. The company is a leader in the EDA software market, and the demand for EDA software is growing. The company is also expanding its product portfolio and entering new markets.
Analyst Recommendations
The majority of analysts have a buy rating on SVCO's stock. The average analyst target price is $25.17. The highest analyst target price is $30.00. The lowest analyst target price is $20.00.
