Brokerages Set Silvaco Group, Inc. (NASDAQ:SVCO) PT at $19.67

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 Ratings reports. Six research analysts have rated the stock with a buy rating. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $19.67.

A number of research analysts have weighed in on SVCO shares. Craig Hallum cut their price objective on shares of Silvaco Group from $17.00 to $15.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. Needham & Company LLC reaffirmed a “buy” rating and issued a $19.00 price target on shares of Silvaco Group in a report on Wednesday, November 13th. Rosenblatt Securities restated a “buy” rating and issued a $18.00 price objective on shares of Silvaco Group in a research report on Wednesday, January 15th. Finally, TD Cowen dropped their price target on shares of Silvaco Group from $20.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, November 13th.

Insider Buying and Selling

In other Silvaco Group news, insider Eric Guichard sold 25,000 shares of the firm’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 directly owns 57,902 shares of the company’s stock, valued at $416,315.38. This trade represents a 30.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Institutional Investors Weigh In On Silvaco Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Lynrock Lake LP acquired a new stake in shares of Silvaco Group in the 2nd quarter worth $3,596,000. Jane Street Group LLC purchased a new stake in shares of Silvaco Group in the third quarter valued at about $2,788,000. First Eagle Investment Management LLC acquired a new stake in Silvaco Group during the second quarter worth about $3,469,000. Davidson Kempner Capital Management LP purchased a new position in Silvaco Group during the second quarter worth about $3,182,000. Finally, Geode Capital Management LLC boosted its holdings in Silvaco Group by 111.8% in the 3rd quarter. Geode Capital Management LLC now owns 141,386 shares of the company’s stock valued at $2,022,000 after purchasing an additional 74,644 shares during the last quarter.

Silvaco Group Stock Down 0.1 %

NASDAQ:SVCO opened at $8.37 on Thursday. The company has a 50 day moving average price of $8.08 and a 200-day moving average price of $11.74. Silvaco Group has a 1-year low of $6.14 and a 1-year high of $21.59.

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.