Silvaco Group (NASDAQ:SVCO) Price Target Cut to $15.00 by Analysts at TD Cowen

Silvaco Group (NASDAQ:SVCO) had its price objective cut by TD Cowen from $20.00 to $15.00 in a report released on Wednesday morning, Marketbeat.com reports. They currently have a buy rating on the stock.

SVCO has been the topic of a number of other reports. Rosenblatt Securities decreased their target price on Silvaco Group from $26.00 to $18.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. B. Riley reiterated a “buy” rating and issued a $26.00 target price on shares of Silvaco Group in a research report on Thursday, September 19th. Needham & Company LLC decreased their target price on Silvaco Group from $26.00 to $19.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. Finally, Craig Hallum decreased their target price on Silvaco Group from $25.00 to $17.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $20.00.

Silvaco Group Trading Down 3.3 %

NASDAQ:SVCO opened at $7.39 on Wednesday. Silvaco Group has a 12 month low of $6.14 and a 12 month high of $21.59. The stock has a 50-day moving average price of $10.57.

Insiders Place Their Bets

In other Silvaco Group news, insider Eric Guichard sold 25,000 shares of the business’s 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 of the company’s stock, valued at $416,315.38. The trade was a 30.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of SVCO. Centiva Capital LP bought a new position in shares of Silvaco Group during the third quarter valued at approximately $145,000. Y Intercept Hong Kong Ltd bought a new position in shares of Silvaco Group during the third quarter valued at approximately $173,000. MeadowBrook Investment Advisors LLC grew its stake in shares of Silvaco Group by 106.2% during the third quarter. MeadowBrook Investment Advisors LLC now owns 13,260 shares of the company’s stock valued at $190,000 after buying an additional 6,830 shares during the last quarter. Federated Hermes Inc. bought a new position in shares of Silvaco Group during the second quarter valued at approximately $216,000. Finally, Verition Fund Management LLC bought a new position in shares of Silvaco Group during the third quarter valued at approximately $217,000.

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.