Silvaco Group, Inc. (NASDAQ:SVCO) Receives $19.67 Consensus Price Target from Analysts

Shares of Silvaco Group, Inc. (NASDAQ:SVCO) have received a consensus recommendation of “Buy” from the six analysts that are covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokerages that have covered the stock in the last year is $19.67.

SVCO has been the subject of a number of recent analyst reports. Craig Hallum dropped their price target on shares of Silvaco Group from $17.00 to $15.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. Rosenblatt Securities reissued a “buy” rating and issued a $18.00 target price on shares of Silvaco Group in a research report on Wednesday, January 15th. Needham & Company LLC restated a “buy” rating and set a $19.00 price target on shares of Silvaco Group in a research report on Wednesday, November 13th. Finally, TD Cowen cut their price objective on Silvaco Group from $20.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday, November 13th.

Silvaco Group Trading Down 0.1 %

NASDAQ SVCO opened at $8.37 on Thursday. Silvaco Group has a twelve month low of $6.14 and a twelve month high of $21.59. The stock has a fifty day simple moving average of $8.08 and a 200-day simple moving average of $11.74.

Insider Activity

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

Institutional Investors Weigh In On Silvaco Group

A number of large investors have recently modified their holdings of SVCO. Centiva Capital LP acquired a new position in shares of Silvaco Group during the third quarter worth $145,000. Federated Hermes Inc. acquired a new position in shares of Silvaco Group during the 2nd quarter worth about $216,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Silvaco Group in the 3rd quarter valued at about $173,000. Point72 DIFC Ltd acquired a new stake in shares of Silvaco Group during the 2nd quarter worth about $235,000. Finally, MeadowBrook Investment Advisors LLC lifted its stake in Silvaco Group by 106.2% during the third quarter. MeadowBrook Investment Advisors LLC now owns 13,260 shares of the company’s stock worth $190,000 after purchasing an additional 6,830 shares during the last quarter.

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.