Silvaco Group, Inc. (NASDAQ:SVCO) Receives Average Recommendation of "Buy" from Analysts

Silvaco Group, Inc. (NASDAQ:SVCO - Get Free Report) has been assigned an average rating of "Buy" from the six analysts that are presently covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokerages that have covered the stock in the last year is $19.17.

SVCO has been the subject of several research analyst reports. Craig Hallum dropped 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 report on Wednesday, January 15th. Needham & Company LLC restated a "buy" rating and set a $19.00 target price on shares of Silvaco Group in a research report on Thursday, March 6th. Rosenblatt Securities reiterated a "buy" rating and issued a $18.00 price target on shares of Silvaco Group in a report on Thursday, March 6th. Finally, TD Cowen lowered their price objective on Silvaco Group from $15.00 to $12.00 and set a "buy" rating for the company in a research report on Thursday, March 6th.

Insider Buying and Selling

In related news, major shareholder Katherine S. Ngai-Pesic sold 25,000 shares of Silvaco Group stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $5.06, for a total transaction of $126,500.00. Following the transaction, the insider now owns 10,461,105 shares of the company's stock, valued at $52,933,191.30. This trade represents a 0.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Institutional Investors Weigh In On Silvaco Group

Several large investors have recently bought and sold shares of SVCO. R Squared Ltd acquired a new position in shares of Silvaco Group in the 4th quarter valued at $25,000. New York State Common Retirement Fund bought a new position in Silvaco Group during the fourth quarter worth about $81,000. Aristides Capital LLC acquired a new position in Silvaco Group in the fourth quarter valued at about $86,000. Nebula Research & Development LLC bought a new stake in shares of Silvaco Group in the fourth quarter worth about $113,000. Finally, Centiva Capital LP acquired a new stake in shares of Silvaco Group during the third quarter worth about $145,000.

Silvaco Group Stock Performance

Shares of NASDAQ SVCO traded down $0.21 during trading on Tuesday, reaching $4.24. The company had a trading volume of 154,506 shares, compared to its average volume of 320,465. Silvaco Group has a 52 week low of $4.05 and a 52 week high of $21.59. The business's 50 day moving average price is $6.20 and its 200-day moving average price is $8.00. The stock has a market cap of $121.57 million and a PE ratio of -2.70.

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.