Silvaco Group, Inc. (NASDAQ:SVCO) Given Consensus Rating of “Buy” by Brokerages

Shares of Silvaco Group, Inc. (NASDAQ:SVCO) have received an average rating of “Buy” from the six research firms that are covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $19.17.

A number of analysts have issued reports on SVCO shares. Needham & Company LLC reaffirmed a “buy” rating and set a $19.00 price target on shares of Silvaco Group in a report on Thursday, March 6th. Rosenblatt Securities restated a “buy” rating and set a $18.00 target price on shares of Silvaco Group in a research note on Thursday, March 6th. Craig Hallum lowered their price target on Silvaco Group from $17.00 to $15.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. Finally, TD Cowen cut their price objective on shares of Silvaco Group from $15.00 to $12.00 and set a “buy” rating on the stock in a report on Thursday, March 6th.

Silvaco Group Trading Down 2.1 %

Silvaco Group stock opened at $4.56 on Tuesday. The company has a fifty day simple moving average of $6.56 and a 200-day simple moving average of $8.24. The stock has a market cap of $130.74 million and a P/E ratio of -2.90. Silvaco Group has a 12-month low of $4.46 and a 12-month high of $21.59.

Insider Buying and Selling

In other news, major shareholder Katherine S. Ngai-Pesic sold 25,000 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $5.06, for a total transaction of $126,500.00. Following the completion of the sale, the insider now owns 10,461,105 shares in the company, valued at approximately $52,933,191.30. This represents a 0.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Institutional Trading of Silvaco Group

Hedge funds have recently added to or reduced their stakes in the stock. R Squared Ltd acquired a new stake in shares of Silvaco Group during the fourth quarter worth $25,000. New York State Common Retirement Fund purchased a new stake in Silvaco Group in the 4th quarter valued at approximately $81,000. Centiva Capital LP purchased a new position in shares of Silvaco Group during the 3rd quarter worth approximately $145,000. Aristides Capital LLC purchased a new position in Silvaco Group in the fourth quarter worth $86,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Silvaco Group in the third quarter valued at $173,000.

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.