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

Silvaco Group, Inc. (NASDAQ:SVCO) has been assigned a consensus recommendation of “Buy” from the six analysts that are currently covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a buy recommendation. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $20.00.

SVCO has been the topic of several research reports. TD Cowen cut their price objective 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. Craig Hallum dropped their price target 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. B. Riley reiterated a “buy” rating and issued a $26.00 price objective on shares of Silvaco Group in a report on Thursday, September 19th. Rosenblatt Securities dropped their target price on shares of Silvaco Group from $26.00 to $18.00 and set a “buy” rating on the stock in a report on Thursday, October 17th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $19.00 price target on shares of Silvaco Group in a research note on Wednesday, November 13th.

Silvaco Group Stock Up 1.7 %

Shares of SVCO opened at $7.87 on Friday. Silvaco Group has a 1-year low of $6.14 and a 1-year high of $21.59. The firm’s 50-day moving average price is $7.65 and its 200-day moving average price is $13.32.

Insider Transactions at Silvaco Group

In other news, insider Eric Guichard sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $7.19, for a total value of $179,750.00. Following 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 sale was disclosed in a filing with the SEC, which is accessible through this link.

Institutional Investors Weigh In On Silvaco Group

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