Silvaco Group (NASDAQ:SVCO) Shares Up 5.8%

Silvaco Group, Inc. (NASDAQ:SVCO - Get Free Report) shares shot up 5.8% on Tuesday . The company traded as high as $19.17 and last traded at $19.08. 171,051 shares were traded during mid-day trading, a decline of 35% from the average session volume of 264,904 shares. The stock had previously closed at $18.04.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SVCO. TD Cowen initiated coverage on shares of Silvaco Group in a report on Monday, June 3rd. They issued a "buy" rating and a $23.00 target price for the company. Needham & Company LLC reissued a "buy" rating and set a $28.00 target price on shares of Silvaco Group in a research note on Friday, June 21st. Craig Hallum began coverage on Silvaco Group in a research note on Tuesday, June 4th. They set a "buy" rating and a $25.00 price target for the company. B. Riley reaffirmed a "buy" rating and set a $28.00 price objective (up previously from $26.00) on shares of Silvaco Group in a research report on Friday, June 21st. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $26.00 target price on shares of Silvaco Group in a research report on Friday, June 21st. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Silvaco Group presently has a consensus rating of "Buy" and an average target price of $25.83.

Silvaco Group Stock Up 3.1 %

About Silvaco Group

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.