Silvaco Group, Inc. (NASDAQ:SVCO) Receives Average Recommendation of “Buy” from Analysts

Shares of Silvaco Group, Inc. (NASDAQ:SVCO) have received an average rating of “Buy” from the six research firms that are covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a buy rating. The average 1-year price objective among brokerages that have covered the stock in the last year is $20.00.

A number of research analysts recently weighed in on SVCO shares. Craig Hallum lowered their target price on shares of Silvaco Group from $25.00 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. Rosenblatt Securities dropped their price objective on Silvaco Group from $26.00 to $18.00 and set a “buy” rating for the company in a research note on Thursday, October 17th. B. Riley reiterated a “buy” rating and set a $26.00 target price on shares of Silvaco Group in a research report on Thursday, September 19th. Needham & Company LLC reissued a “buy” rating and issued a $19.00 price target on shares of Silvaco Group in a report on Wednesday, November 13th. Finally, TD Cowen dropped their price target on Silvaco Group from $20.00 to $15.00 and set a “buy” rating for the company in a research note on Wednesday, November 13th.

Insider Activity at Silvaco Group

In related news, insider Eric Guichard sold 25,000 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $7.19, for a total value of $179,750.00. Following the sale, the insider now owns 57,902 shares in the company, valued at approximately $416,315.38. The trade was a 30.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Hedge Funds Weigh In On Silvaco Group

Several institutional investors have recently bought and sold shares of the business. MeadowBrook Investment Advisors LLC boosted its stake in Silvaco Group by 106.2% during the third quarter. MeadowBrook Investment Advisors LLC now owns 13,260 shares of the company’s stock worth $190,000 after buying an additional 6,830 shares during the period. Centiva Capital LP bought a new position in Silvaco Group in the 3rd quarter worth about $145,000. Federated Hermes Inc. purchased a new position in shares of Silvaco Group during the second quarter worth approximately $216,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Silvaco Group during the third quarter valued at approximately $173,000. Finally, Point72 DIFC Ltd purchased a new stake in shares of Silvaco Group in the second quarter valued at approximately $235,000.

Silvaco Group Stock Up 5.6 %

Shares of NASDAQ:SVCO opened at $8.25 on Wednesday. Silvaco Group has a 1-year low of $6.14 and a 1-year high of $21.59. The firm’s 50 day simple moving average is $9.14 and its two-hundred day simple moving average is $14.38.

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.