Silvaco Group (NASDAQ:SVCO) Earns Buy Rating from Rosenblatt Securities

Silvaco Group (NASDAQ:SVCO)‘s stock had its “buy” rating reissued by research analysts at Rosenblatt Securities in a report issued on Wednesday,Benzinga reports. They presently have a $18.00 price target on the stock. Rosenblatt Securities’ target price would suggest a potential upside of 121.95% from the stock’s current price.

Several other analysts also recently weighed in on the stock. Craig Hallum lowered their target price on shares of Silvaco Group from $25.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. Needham & Company LLC restated a “buy” rating and issued a $19.00 price objective on shares of Silvaco Group in a research note on Wednesday, November 13th. TD Cowen cut their target price on Silvaco Group from $20.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday, November 13th. Finally, B. Riley reissued a “buy” rating and issued a $26.00 target price on shares of Silvaco Group in a research report on Thursday, September 19th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $19.67.

Silvaco Group Stock Performance

SVCO stock opened at $8.11 on Wednesday. The business has a 50 day moving average price of $7.96 and a 200 day moving average price of $12.09. Silvaco Group has a fifty-two week low of $6.14 and a fifty-two week high of $21.59.

Insider Transactions at Silvaco Group

In other Silvaco Group news, insider Eric Guichard sold 25,000 shares of Silvaco Group stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $7.19, for a total transaction of $179,750.00. Following 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 Securities & Exchange Commission, which is available through the SEC website.

Hedge Funds Weigh In On Silvaco Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Federated Hermes Inc. bought a new stake in shares of Silvaco Group during the 2nd quarter worth about $216,000. First Eagle Investment Management LLC purchased a new stake in shares of Silvaco Group during the 2nd quarter worth about $3,469,000. XTX Topco Ltd bought a new position in Silvaco Group during the second quarter valued at approximately $402,000. Davidson Kempner Capital Management LP acquired a new stake in shares of Silvaco Group in the 2nd quarter valued at $3,182,000. Finally, Marshall Wace LLP bought a new stake in shares of Silvaco Group during the 2nd quarter worth about $699,000.

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.