Analysts Set Silvaco Group, Inc. (NASDAQ:SVCO) Target Price at $20.00

Shares of Silvaco Group, Inc. (NASDAQ:SVCO) have been given a consensus recommendation of “Buy” by the six ratings firms that are currently covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $20.00.

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

Silvaco Group Price Performance

Silvaco Group stock opened at $8.20 on Friday. Silvaco Group has a 12 month low of $6.14 and a 12 month high of $21.59. The business’s fifty day simple moving average is $7.53 and its two-hundred day simple moving average is $13.07.

Insider Buying and Selling

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

Hedge Funds Weigh In On Silvaco Group

Several institutional investors have recently made changes to their positions in SVCO. MeadowBrook Investment Advisors LLC raised its holdings in Silvaco Group by 106.2% in the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 13,260 shares of the company’s stock worth $190,000 after purchasing an additional 6,830 shares during the period. Centiva Capital LP purchased a new stake in Silvaco Group in the third quarter worth about $145,000. Federated Hermes Inc. bought a new position in shares of Silvaco Group in the second quarter worth about $216,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Silvaco Group during the 3rd quarter valued at about $173,000. Finally, Point72 DIFC Ltd bought a new position in shares of Silvaco Group during the 2nd quarter valued at approximately $235,000.

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.