Silvaco Group's (NASDAQ:SVCO - Get Free Report) quiet period will expire on Tuesday, June 18th. Silvaco Group had issued 6,000,000 shares in its public offering on May 9th. The total size of the offering was $114,000,000 based on an initial share price of $19.00. During the company's quiet period, insiders and any underwriters involved in the IPO are restricted from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company's quiet period, it's expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on SVCO shares. Needham & Company LLC started coverage on shares of Silvaco Group in a research note on Monday, June 3rd. They set a "buy" rating and a $28.00 target price on the stock. B. Riley started coverage on shares of Silvaco Group in a research note on Wednesday, June 5th. They set a "buy" rating and a $26.00 target price on the stock. Craig Hallum began coverage on shares of Silvaco Group in a research note on Tuesday, June 4th. They set a "buy" rating and a $25.00 target price on the stock. Rosenblatt Securities began coverage on shares of Silvaco Group in a research report on Monday, June 3rd. They issued a "buy" rating and a $26.00 price objective on the stock. Finally, Jefferies Financial Group began coverage on shares of Silvaco Group in a research report on Monday, June 3rd. They issued a "buy" rating and a $25.00 price objective on the stock. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Silvaco Group currently has a consensus rating of "Buy" and a consensus price target of $25.50.
View Our Latest Analysis on SVCO
Silvaco Group Price Performance
Shares of NASDAQ:SVCO traded up $0.21 during trading hours on Tuesday, reaching $17.81. The stock had a trading volume of 239,536 shares, compared to its average volume of 244,188. Silvaco Group has a 1 year low of $15.81 and a 1 year high of $21.59.
About Silvaco Group
(
Get Free Report)
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.
Further Reading
Before you consider Silvaco Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Silvaco Group wasn't on the list.
While Silvaco Group currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
