Silvaco Group, Inc. (NASDAQ:SVCO) Receives Consensus Rating of "Buy" from Brokerages

Silvaco Group, Inc. (NASDAQ:SVCO - Get Free Report) has been assigned a consensus recommendation of "Buy" from the six ratings firms that are presently covering the company, MarketBeat.com reports. Six analysts have rated the stock with a buy rating. The average 12-month price objective among brokerages that have covered the stock in the last year is $19.67.

A number of brokerages recently weighed in on SVCO. TD Cowen dropped their price target on Silvaco Group from $20.00 to $15.00 and set a "buy" rating on the stock in a research note on Wednesday, November 13th. B. Riley reissued a "buy" rating and issued a $26.00 target price on shares of Silvaco Group in a research report on Thursday, September 19th. Craig Hallum reduced their price target 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. Rosenblatt Securities reiterated a "buy" rating and set a $18.00 price objective on shares of Silvaco Group in a research report on Wednesday. Finally, Needham & Company LLC restated a "buy" rating and issued a $19.00 target price on shares of Silvaco Group in a report on Wednesday, November 13th.

Insider Buying and Selling at Silvaco Group

In other news, insider Eric Guichard sold 25,000 shares of the business's stock in a transaction on Friday, November 15th. The shares were sold at an average price of $7.19, for a total transaction of $179,750.00. Following 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 position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Institutional Trading of Silvaco Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. Point72 Asset Management L.P. acquired a new position in Silvaco Group in the 2nd quarter worth about $1,182,000. Davidson Kempner Capital Management LP acquired a new position in Silvaco Group in the second quarter worth approximately $3,182,000. Ghisallo Capital Management LLC bought a new position in Silvaco Group during the second quarter valued at approximately $899,000. First Eagle Investment Management LLC acquired a new stake in Silvaco Group in the second quarter valued at approximately $3,469,000. Finally, Barclays PLC bought a new stake in Silvaco Group in the third quarter worth approximately $298,000.

Silvaco Group Stock Performance

Shares of NASDAQ SVCO traded down $0.11 during mid-day trading on Thursday, reaching $8.11. The company had a trading volume of 80,899 shares, compared to its average volume of 119,380. The company has a 50-day moving average price of $7.96 and a two-hundred day moving average price of $12.09. Silvaco Group has a 1-year low of $6.14 and a 1-year high of $21.59.

Silvaco Group Company Profile

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.