Silvaco Group, Inc. (NASDAQ:SVCO) Receives $19.17 Average Target Price from Analysts

Silvaco Group, Inc. (NASDAQ:SVCO) has been assigned an average rating of “Buy” from the six ratings firms that are currently covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a buy rating. The average 12-month price target among brokers that have covered the stock in the last year is $19.17.

A number of equities analysts have recently commented on SVCO shares. Needham & Company LLC reissued a “buy” rating and set a $19.00 price target on shares of Silvaco Group in a report on Thursday, March 6th. TD Cowen dropped their target price on shares of Silvaco Group from $15.00 to $12.00 and set a “buy” rating for the company in a report on Thursday, March 6th. Craig Hallum reduced their price target on shares of Silvaco Group from $17.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, January 15th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $18.00 price objective on shares of Silvaco Group in a research report on Thursday, March 6th.

Insider Transactions at Silvaco Group

In other news, major shareholder Katherine S. Ngai-Pesic sold 25,000 shares of the firm’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $5.06, for a total transaction of $126,500.00. Following the completion of the transaction, the insider now owns 10,461,105 shares of the company’s stock, valued at approximately $52,933,191.30. This trade represents a 0.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Institutional Trading of Silvaco Group

Institutional investors have recently modified their holdings of the business. Squarepoint Ops LLC lifted its holdings in Silvaco Group by 4.8% during the 4th quarter. Squarepoint Ops LLC now owns 36,151 shares of the company’s stock worth $292,000 after buying an additional 1,651 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of Silvaco Group by 19.9% in the fourth quarter. BNP Paribas Financial Markets now owns 61,682 shares of the company’s stock worth $498,000 after acquiring an additional 10,240 shares during the period. Nebula Research & Development LLC acquired a new stake in Silvaco Group during the 4th quarter valued at approximately $113,000. Capital Research Global Investors increased its position in Silvaco Group by 19.9% during the 4th quarter. Capital Research Global Investors now owns 1,442,516 shares of the company’s stock valued at $11,656,000 after purchasing an additional 239,631 shares during the period. Finally, Marshall Wace LLP raised its holdings in Silvaco Group by 15.1% during the 4th quarter. Marshall Wace LLP now owns 52,104 shares of the company’s stock worth $421,000 after purchasing an additional 6,824 shares during the last quarter.

Silvaco Group Price Performance

Shares of NASDAQ:SVCO opened at $4.45 on Tuesday. The company’s 50 day simple moving average is $6.31 and its 200 day simple moving average is $8.12. Silvaco Group has a 1 year low of $4.35 and a 1 year high of $21.59. The stock has a market capitalization of $127.59 million and a price-to-earnings ratio of -2.83.

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.