Silvaco Group, Inc. (NASDAQ:SVCO) Receives $20.00 Consensus Target Price from Brokerages

Shares of Silvaco Group, Inc. (NASDAQ:SVCO) have been assigned a consensus recommendation of “Buy” from the six brokerages that are presently covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a buy recommendation. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $20.00.

Several brokerages recently issued reports on SVCO. Rosenblatt Securities reduced their price target on shares of Silvaco Group from $26.00 to $18.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. Needham & Company LLC reiterated a “buy” rating and set a $19.00 target price on shares of Silvaco Group in a report on Wednesday, November 13th. B. Riley restated a “buy” rating and issued a $26.00 target price on shares of Silvaco Group in a research note on Thursday, September 19th. 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. Finally, TD Cowen decreased their price objective on Silvaco Group from $20.00 to $15.00 and set a “buy” rating for the company in a report on Wednesday, November 13th.

Insider Activity at Silvaco Group

In related news, insider Eric Guichard sold 25,000 shares of the company’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 value of $179,750.00. Following the transaction, the insider now directly owns 57,902 shares of the company’s stock, valued at approximately $416,315.38. This represents a 30.16 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Institutional Trading of Silvaco Group

A number of institutional investors and hedge funds have recently modified their holdings of the business. MeadowBrook Investment Advisors LLC boosted its position 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. Centiva Capital LP purchased a new stake in shares of Silvaco Group during the 3rd quarter valued at about $145,000. Federated Hermes Inc. bought a new stake in shares of Silvaco Group in the second quarter worth approximately $216,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Silvaco Group during the third quarter valued at approximately $173,000. Finally, Point72 DIFC Ltd bought a new position in Silvaco Group during the second quarter valued at approximately $235,000.

Silvaco Group Price Performance

Shares of Silvaco Group stock opened at $7.97 on Friday. Silvaco Group has a 12-month low of $6.14 and a 12-month high of $21.59. The company’s fifty day simple moving average is $7.56 and its two-hundred day simple moving average is $13.21.

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.