Craig Hallum Cuts Silvaco Group (NASDAQ:SVCO) Price Target to $15.00

Silvaco Group (NASDAQ:SVCO) had its price objective decreased by stock analysts at Craig Hallum from $17.00 to $15.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Craig Hallum’s target price indicates a potential upside of 79.00% from the company’s previous close.

Several other equities analysts also recently commented on SVCO. Needham & Company LLC reiterated a “buy” rating and issued a $19.00 price objective on shares of Silvaco Group in a research note on Wednesday, November 13th. Rosenblatt Securities reaffirmed a “buy” rating and set a $18.00 price target on shares of Silvaco Group in a research report on Wednesday. B. Riley reissued a “buy” rating and issued a $26.00 price objective on shares of Silvaco Group in a report on Thursday, September 19th. Finally, TD Cowen lowered their price objective on Silvaco Group from $20.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, November 13th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $19.67.

Silvaco Group Stock Up 4.6 %

SVCO traded up $0.37 during midday trading on Wednesday, reaching $8.38. The company had a trading volume of 70,745 shares, compared to its average volume of 118,214. Silvaco Group has a 12-month low of $6.14 and a 12-month high of $21.59. The business has a 50-day moving average price of $7.94 and a two-hundred day moving average price of $12.12.

Insider Activity

In other Silvaco Group news, insider Eric Guichard sold 25,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $7.19, for a total value of $179,750.00. Following the completion of the transaction, the insider now owns 57,902 shares in the company, valued at $416,315.38. This trade represents a 30.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional Investors Weigh In On Silvaco Group

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Federated Hermes Inc. purchased a new position in Silvaco Group during the second quarter valued at approximately $216,000. First Eagle Investment Management LLC purchased a new position in shares of Silvaco Group during the 2nd quarter valued at $3,469,000. XTX Topco Ltd bought a new position in shares of Silvaco Group in the second quarter worth $402,000. Davidson Kempner Capital Management LP purchased a new stake in shares of Silvaco Group in the second quarter worth $3,182,000. Finally, Marshall Wace LLP bought a new stake in Silvaco Group during the second quarter valued at $699,000.

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.