Silvaco price target lowered to $15 from $17 at Craig-Hallum

Craig-Hallum lowered the firm’s price target on Silvaco (SVCO) to $15 from $17 and keeps a Buy rating on the shares after the company pre-released its Q4 results ahead of an investor conference. Silvaco reported Q4 revenue below the lower end of the company’s original guidance levels. With expected operating income also toward the lower end of the company’s original guidance range, an expected better Q4 EPS is implied from better-than-expected below the line gains. Craig-Hallum believes the company remains focused on driving adding new customers, driving expansion with current customers, and continuing to expand its AI-driven digital twin modeling platform, Fab Technology Co-Optimization, for broader market adoption in advanced processes including CMOS and FinFET logic.