Silvaco Group, Inc. (NASDAQ:SVCO) Receives Average Recommendation of “Buy” from Brokerages

Shares of Silvaco Group, Inc. (NASDAQ:SVCO) have been assigned an average recommendation of “Buy” from the six analysts that are covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a buy recommendation. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $20.00.

SVCO has been the topic of a number of recent research reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $19.00 target price on shares of Silvaco Group in a report on Wednesday, November 13th. TD Cowen dropped their price objective 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. B. Riley reiterated a “buy” rating and set a $26.00 target price on shares of Silvaco Group in a research note on Thursday, September 19th. Rosenblatt Securities lowered their price target on Silvaco Group from $26.00 to $18.00 and set a “buy” rating on the stock in a report on Thursday, October 17th. Finally, Craig Hallum reduced their price objective on Silvaco Group from $25.00 to $17.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th.

Silvaco Group Stock Down 0.9 %

SVCO opened at $7.89 on Wednesday. Silvaco Group has a 52 week low of $6.14 and a 52 week high of $21.59. The business’s 50 day moving average is $9.72 and its two-hundred day moving average is $14.66.

Insider Activity at Silvaco Group

In other Silvaco Group news, insider Eric Guichard sold 25,000 shares of the stock in a transaction on 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 approximately $416,315.38. This represents a 30.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Hedge Funds Weigh In On Silvaco Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Point72 Asset Management L.P. purchased a new stake in Silvaco Group during the second quarter worth about $1,182,000. Davidson Kempner Capital Management LP acquired a new stake in shares of Silvaco Group during the 2nd quarter valued at approximately $3,182,000. Ghisallo Capital Management LLC purchased a new stake in shares of Silvaco Group during the 2nd quarter worth approximately $899,000. First Eagle Investment Management LLC acquired a new stake in shares of Silvaco Group in the 2nd quarter worth approximately $3,469,000. Finally, Ovata Capital Management Ltd purchased a new position in Silvaco Group in the 2nd quarter valued at approximately $1,618,000.

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.