Brokerages Set Silvaco Group, Inc. (NASDAQ:SVCO) PT at $19.17

Silvaco Group, Inc. (NASDAQ:SVCO) has been given a consensus recommendation of “Buy” by the six research firms that are presently covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a buy rating. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $19.17.

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

Silvaco Group Stock Performance

Shares of SVCO opened at $4.98 on Friday. Silvaco Group has a one year low of $4.50 and a one year high of $21.59. The stock’s fifty day moving average is $7.30 and its 200-day moving average is $9.18. The firm has a market capitalization of $142.79 million and a price-to-earnings ratio of -3.17.

Hedge Funds Weigh In On Silvaco Group

Institutional investors have recently bought and sold shares of the stock. R Squared Ltd acquired a new position in shares of Silvaco Group in the fourth quarter worth about $25,000. New York State Common Retirement Fund purchased a new stake in shares of Silvaco Group in the 4th quarter valued at approximately $81,000. Aristides Capital LLC acquired a new position in Silvaco Group in the 4th quarter worth approximately $86,000. Nebula Research & Development LLC purchased a new position in Silvaco Group during the 4th quarter worth approximately $113,000. Finally, Centiva Capital LP acquired a new stake in Silvaco Group during the 3rd quarter valued at $145,000.

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.