Silvaco Group (NASDAQ:SVCO) Trading 5.8% Higher

Silvaco Group, Inc. (NASDAQ:SVCO) shares rose 5.8% on Tuesday . The company traded as high as $19.17 and last traded at $19.08. Approximately 171,051 shares traded hands during trading, a decline of 35% from the average daily volume of 264,904 shares. The stock had previously closed at $18.04.

Analyst Ratings Changes

SVCO has been the topic of a number of recent research reports. Rosenblatt Securities reiterated a “buy” rating and set a $26.00 price target on shares of Silvaco Group in a research note on Friday, June 21st. Jefferies Financial Group initiated coverage on shares of Silvaco Group in a research note on Monday, June 3rd. They set a “buy” rating and a $25.00 price target on the stock. B. Riley reiterated a “buy” rating and set a $28.00 price target (up previously from $26.00) on shares of Silvaco Group in a research note on Friday, June 21st. Needham & Company LLC reiterated a “buy” rating and set a $28.00 price target on shares of Silvaco Group in a research note on Friday, June 21st. Finally, Craig Hallum assumed coverage on shares of Silvaco Group in a research note on Tuesday, June 4th. They set a “buy” rating and a $25.00 price target on the stock. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $25.83.

Silvaco Group Stock Performance

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.