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

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

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

Silvaco Group Stock Performance

Shares of SVCO opened at $9.03 on Wednesday. Silvaco Group has a fifty-two week low of $6.14 and a fifty-two week high of $21.59. The firm has a 50 day moving average price of $9.01 and a 200-day moving average price of $14.27.

Insider Activity

In other Silvaco Group news, insider Eric Guichard sold 25,000 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $7.19, for a total value of $179,750.00. Following the completion of the transaction, the insider now owns 57,902 shares in the company, valued at approximately $416,315.38. This represents a 30.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Institutional Trading of Silvaco Group

A number of hedge funds have recently modified their holdings of the business. Virtu Financial LLC purchased a new position in Silvaco Group during the 3rd quarter valued at about $216,000. Barclays PLC purchased a new position in shares of Silvaco Group during the third quarter valued at approximately $298,000. Geode Capital Management LLC boosted its position in shares of Silvaco Group by 111.8% in the 3rd quarter. Geode Capital Management LLC now owns 141,386 shares of the company’s stock worth $2,022,000 after purchasing an additional 74,644 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of Silvaco Group in the 3rd quarter worth approximately $173,000. Finally, Jane Street Group LLC bought a new position in Silvaco Group during the 3rd quarter valued at approximately $2,788,000.

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.