Silvaco Group (NASDAQ:SVCO - Get Free Report)'s stock had its "buy" rating reaffirmed by Rosenblatt Securities in a report released on Thursday,Benzinga reports. They presently have a $18.00 price objective on the stock. Rosenblatt Securities' target price points to a potential upside of 293.01% from the company's current price.
SVCO has been the topic of a number of other reports. Needham & Company LLC reiterated a "buy" rating and issued a $19.00 price objective on shares of Silvaco Group in a report on Thursday. TD Cowen lowered their price target on Silvaco Group from $15.00 to $12.00 and set a "buy" rating for the company in a research report on Thursday. Finally, Craig Hallum lowered their price objective on shares of Silvaco Group from $17.00 to $15.00 and set a "buy" rating for the company in a research note on Wednesday, January 15th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Silvaco Group currently has an average rating of "Buy" and a consensus price target of $19.17.
Check Out Our Latest Report on Silvaco Group
Silvaco Group Price Performance
NASDAQ SVCO traded down $0.25 on Thursday, hitting $4.58. The company had a trading volume of 325,352 shares, compared to its average volume of 189,768. The company's fifty day moving average price is $7.57 and its 200-day moving average price is $9.40. Silvaco Group has a 12-month low of $4.50 and a 12-month high of $21.59. The company has a market capitalization of $131.32 million and a PE ratio of -2.92.
Institutional Investors Weigh In On Silvaco Group
Several institutional investors and hedge funds have recently made changes to their positions in SVCO. Capital Research Global Investors grew its holdings in Silvaco Group by 19.9% in the 4th quarter. Capital Research Global Investors now owns 1,442,516 shares of the company's stock valued at $11,656,000 after buying an additional 239,631 shares during the period. Samjo Management LLC acquired a new stake in shares of Silvaco Group in the 4th quarter worth about $5,230,000. First Eagle Investment Management LLC lifted its stake in shares of Silvaco Group by 16.3% in the 4th quarter. First Eagle Investment Management LLC now owns 458,606 shares of the company's stock worth $3,706,000 after acquiring an additional 64,142 shares during the period. Kennedy Capital Management LLC bought a new position in shares of Silvaco Group during the 4th quarter valued at about $1,823,000. Finally, Jane Street Group LLC acquired a new position in shares of Silvaco Group in the 3rd quarter valued at $2,788,000.
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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