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

Silvaco Group, Inc. (NASDAQ:SVCO) has earned an average rating of “Buy” from the six ratings firms that are currently covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a buy rating. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $19.67.

SVCO has been the subject of a number of recent analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $19.00 price objective on shares of Silvaco Group in a report 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 note on Wednesday, January 15th. TD Cowen decreased their price target on Silvaco Group from $20.00 to $15.00 and set a “buy” rating for the company in a research note on Wednesday, November 13th. 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 Price Performance

Shares of SVCO stock opened at $6.96 on Monday. Silvaco Group has a 12-month low of $6.14 and a 12-month high of $21.59. The business has a 50 day simple moving average of $8.17 and a 200 day simple moving average of $10.42.

Hedge Funds Weigh In On Silvaco Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. bought a new stake in shares of Silvaco Group during the 3rd quarter worth $1,565,000. Barclays PLC bought a new stake in shares of Silvaco Group during the 3rd quarter worth $298,000. Geode Capital Management LLC boosted its stake in shares of Silvaco Group by 111.8% during the 3rd quarter. Geode Capital Management LLC now owns 141,386 shares of the company’s stock worth $2,022,000 after acquiring an additional 74,644 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Silvaco Group during the 3rd quarter worth $2,788,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Silvaco Group by 57.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 44,468 shares of the company’s stock worth $636,000 after acquiring an additional 16,222 shares in the last quarter.

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.