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

Shares of Silvaco Group, Inc. (NASDAQ:SVCO) have earned an average rating of “Buy” from the six brokerages that are currently covering the firm, Marketbeat reports. Six research analysts have rated the stock with a buy rating. The average twelve-month price target among brokers that have covered the stock in the last year is $20.00.

A number of equities analysts have recently issued reports on SVCO shares. Craig Hallum dropped their price objective on shares of Silvaco Group from $25.00 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. Rosenblatt Securities dropped 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. TD Cowen reduced their price target on Silvaco Group from $20.00 to $15.00 and set a “buy” rating for the company in a research report on Wednesday, November 13th. B. Riley restated a “buy” rating and set a $26.00 price objective on shares of Silvaco Group in a research note on Thursday, September 19th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $19.00 target price on shares of Silvaco Group in a research note on Wednesday, November 13th.

Silvaco Group Trading Up 5.6 %

Shares of Silvaco Group stock opened at $8.25 on Wednesday. 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 is $9.14 and its two-hundred day moving average is $14.38.

Insider Activity

In related news, insider Eric Guichard sold 25,000 shares of the business’s stock in a transaction 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 transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Institutional Investors Weigh In On Silvaco Group

Several institutional investors have recently added to or reduced their stakes in the business. Lynrock Lake LP acquired a new position in shares of Silvaco Group during the second quarter valued at about $3,596,000. Jane Street Group LLC purchased a new stake in Silvaco Group during the 3rd quarter worth approximately $2,788,000. Allspring Global Investments Holdings LLC acquired a new position in Silvaco Group during the 2nd quarter valued at approximately $3,485,000. First Eagle Investment Management LLC purchased a new position in shares of Silvaco Group in the second quarter worth $3,469,000. Finally, Davidson Kempner Capital Management LP acquired a new stake in shares of Silvaco Group during the second quarter worth $3,182,000.

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.