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

Shares of Silvaco Group, Inc. (NASDAQ:SVCO - Get Free Report) have earned a consensus rating of "Buy" from the six analysts that are presently covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a buy rating. The average 12 month price target among analysts that have issued a report on the stock in the last year is $19.67.

Several analysts have issued reports on the stock. Craig Hallum lowered their target price on shares of Silvaco Group from $17.00 to $15.00 and set a "buy" rating on the stock in a research note on Wednesday, January 15th. Rosenblatt Securities reissued a "buy" rating and set a $18.00 price objective on shares of Silvaco Group in a research note on Wednesday, January 15th. TD Cowen decreased their target price 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. Finally, Needham & Company LLC reiterated a "buy" rating and set a $19.00 price target on shares of Silvaco Group in a research report on Wednesday, November 13th.

Insiders Place Their Bets

In other Silvaco Group news, insider Eric Guichard sold 25,000 shares of the stock in a transaction that occurred 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. This trade represents a 30.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Institutional Investors Weigh In On Silvaco Group

A number of institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. bought a new stake in Silvaco Group in the third quarter valued at approximately $1,565,000. Barclays PLC purchased a new position in shares of Silvaco Group in the third quarter worth $298,000. Geode Capital Management LLC raised its holdings in Silvaco Group by 111.8% during the 3rd quarter. Geode Capital Management LLC now owns 141,386 shares of the company's stock valued at $2,022,000 after buying an additional 74,644 shares during the last quarter. Jane Street Group LLC purchased a new stake in Silvaco Group during the 3rd quarter valued at $2,788,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in Silvaco Group by 57.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 44,468 shares of the company's stock worth $636,000 after acquiring an additional 16,222 shares during the last quarter.

Silvaco Group Trading Up 0.7 %

Shares of SVCO traded up $0.05 during midday trading on Monday, hitting $7.11. 99,230 shares of the company traded hands, compared to its average volume of 166,580. Silvaco Group has a one year low of $6.14 and a one year high of $21.59. The stock has a 50-day moving average of $8.19 and a 200-day moving average of $10.58.

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.