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

Shares of Silvaco Group, Inc. (NASDAQ:SVCO) have earned an average recommendation of “Buy” from the six research firms that are currently covering the stock, MarketBeat Ratings reports. Six 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.

Several equities analysts have recently issued reports on SVCO shares. B. Riley reissued a “buy” rating and set a $26.00 price target on shares of Silvaco Group in a report on Thursday, September 19th. TD Cowen reduced their price objective on shares of Silvaco Group from $20.00 to $15.00 and set a “buy” rating for the company in a report on Wednesday, November 13th. Needham & Company LLC reaffirmed 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 issued a $18.00 price objective on shares of Silvaco Group in a report on Wednesday. Finally, Craig Hallum reduced their price objective on shares of Silvaco Group from $17.00 to $15.00 and set a “buy” rating for the company in a report on Wednesday.

Silvaco Group Price Performance

Shares of SVCO opened at $8.22 on Thursday. Silvaco Group has a 1 year low of $6.14 and a 1 year high of $21.59. The firm has a fifty day moving average of $7.94 and a 200-day moving average of $12.12.

Insider Buying and Selling at Silvaco Group

In other Silvaco Group news, insider Eric Guichard sold 25,000 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $7.19, for a total value of $179,750.00. Following the completion of the sale, the insider now directly owns 57,902 shares of the company’s stock, valued at approximately $416,315.38. This represents a 30.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Institutional Investors Weigh In On Silvaco Group

Institutional investors and hedge funds have recently bought and sold shares of the business. MeadowBrook Investment Advisors LLC raised its holdings in Silvaco Group by 106.2% during the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 13,260 shares of the company’s stock worth $190,000 after buying an additional 6,830 shares during the period. Centiva Capital LP acquired a new stake in Silvaco Group during the 3rd quarter worth about $145,000. Federated Hermes Inc. acquired a new stake in Silvaco Group during the 2nd quarter worth about $216,000. Y Intercept Hong Kong Ltd acquired a new stake in Silvaco Group during the 3rd quarter worth about $173,000. Finally, Point72 DIFC Ltd acquired a new stake in Silvaco Group during the 2nd quarter worth about $235,000.

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.