Silvaco Group (NASDAQ:SVCO) Earns Buy Rating from Rosenblatt Securities

Silvaco Group (NASDAQ:SVCO)‘s stock had its “buy” rating reissued by equities research analysts at Rosenblatt Securities in a note issued to investors on Thursday,Benzinga reports. They presently have a $18.00 price target on the stock. Rosenblatt Securities’ price target would suggest a potential upside of 194.60% from the company’s current price.

SVCO has been the topic of a number of other research reports. Craig Hallum dropped their target price on Silvaco Group from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. TD Cowen dropped their price objective on shares of Silvaco Group from $15.00 to $12.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Needham & Company LLC restated a “buy” rating and issued a $19.00 target price on shares of Silvaco Group in a research note on Thursday. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $19.17.

Silvaco Group Stock Performance

Shares of SVCO stock opened at $6.11 on Thursday. The stock’s 50-day moving average price is $7.70 and its 200 day moving average price is $9.61. Silvaco Group has a 52-week low of $5.75 and a 52-week high of $21.59.

Institutional Investors Weigh In On Silvaco Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. Squarepoint Ops LLC raised its holdings in Silvaco Group by 4.8% during the fourth quarter. Squarepoint Ops LLC now owns 36,151 shares of the company’s stock worth $292,000 after purchasing an additional 1,651 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Silvaco Group during the 4th quarter worth about $25,000. Marshall Wace LLP grew its holdings in shares of Silvaco Group by 15.1% during the fourth quarter. Marshall Wace LLP now owns 52,104 shares of the company’s stock worth $421,000 after buying an additional 6,824 shares in the last quarter. MeadowBrook Investment Advisors LLC raised its position in shares of Silvaco Group by 106.2% in 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. Finally, New York State Common Retirement Fund purchased a new position in shares of Silvaco Group during the fourth quarter valued at approximately $81,000.

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.