Silvaco Group (NASDAQ:SVCO - Free Report) had its target price reduced by Craig Hallum from $17.00 to $15.00 in a report published on Wednesday,Benzinga reports. They currently have a buy rating on the stock.
Several other equities research analysts also recently issued reports on the company. TD Cowen dropped 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. B. Riley restated a "buy" rating and issued a $26.00 price target on shares of Silvaco Group in a research note on Thursday, September 19th. Needham & Company LLC reaffirmed a "buy" rating and issued a $19.00 price target on shares of Silvaco Group in a report on Wednesday, November 13th. Finally, Rosenblatt Securities reissued a "buy" rating and set a $18.00 price objective on shares of Silvaco Group in a report on Wednesday. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Silvaco Group currently has an average rating of "Buy" and an average target price of $19.67.
Check Out Our Latest Analysis on Silvaco Group
Silvaco Group Stock Performance
NASDAQ:SVCO traded up $0.21 on Wednesday, reaching $8.22. The stock had a trading volume of 117,362 shares, compared to its average volume of 123,660. The company has a 50-day moving average of $7.94 and a 200 day moving average of $12.12. Silvaco Group has a 12-month low of $6.14 and a 12-month high of $21.59.
Insiders Place Their Bets
In other Silvaco Group news, insider Eric Guichard sold 25,000 shares of Silvaco Group stock in a transaction that occurred 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 directly owns 57,902 shares in the company, valued at $416,315.38. The trade was a 30.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Institutional Trading of Silvaco Group
Hedge funds have recently made changes to their positions in the stock. MeadowBrook Investment Advisors LLC grew its stake 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 last quarter. Centiva Capital LP acquired a new position in shares of Silvaco Group during the third quarter valued at $145,000. Federated Hermes Inc. acquired a new position in shares of Silvaco Group during the second quarter valued at $216,000. Y Intercept Hong Kong Ltd bought a new position in shares of Silvaco Group during the third quarter worth about $173,000. Finally, Point72 DIFC Ltd acquired a new stake in shares of Silvaco Group in the 2nd quarter worth about $235,000.
About Silvaco Group
(
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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.
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