Silvaco Group, Inc. (NASDAQ:SVCO) Given Average Recommendation of "Buy" by Brokerages

Silvaco Group, Inc. (NASDAQ:SVCO - Get Free Report) has been given a consensus rating of "Buy" by the six ratings firms that are currently covering the firm, MarketBeat reports. Six analysts have rated the stock with a buy rating. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $20.00.

Several equities research analysts have weighed in on SVCO shares. B. Riley reissued a "buy" rating and set a $26.00 price target on shares of Silvaco Group in a research report on Thursday, September 19th. Craig Hallum cut their price target on Silvaco Group from $25.00 to $17.00 and set a "buy" rating on the stock in a research note on Wednesday, October 16th. TD Cowen reduced their price objective on Silvaco Group from $20.00 to $15.00 and set a "buy" rating for the company in a report on Wednesday, November 13th. Rosenblatt Securities lowered their price objective on shares of Silvaco Group from $26.00 to $18.00 and set a "buy" rating on the stock in a research note on Thursday, October 17th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $19.00 price target on shares of Silvaco Group in a research report on Wednesday, November 13th.

Insider Activity

In related 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 value of $179,750.00. Following the completion of the transaction, the insider now directly owns 57,902 shares of the company's stock, valued at $416,315.38. This trade represents a 30.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Hedge Funds Weigh In On Silvaco Group

A number of institutional investors have recently bought and sold shares of SVCO. Centiva Capital LP purchased a new stake in Silvaco Group in the 3rd quarter worth $145,000. Y Intercept Hong Kong Ltd acquired a new stake in Silvaco Group during the third quarter worth about $173,000. MeadowBrook Investment Advisors LLC grew its stake in shares of Silvaco Group by 106.2% in the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 13,260 shares of the company's stock valued at $190,000 after buying an additional 6,830 shares during the period. Federated Hermes Inc. acquired a new stake in shares of Silvaco Group during the 2nd quarter worth approximately $216,000. Finally, Virtu Financial LLC purchased a new stake in shares of Silvaco Group during the 3rd quarter valued at approximately $216,000.

Silvaco Group Stock Performance

Shares of NASDAQ SVCO traded down $0.07 during mid-day trading on Wednesday, reaching $7.82. 135,583 shares of the company were exchanged, compared to its average volume of 383,041. Silvaco Group has a 52 week low of $6.14 and a 52 week high of $21.59. The company's 50 day moving average price is $9.72 and its 200 day moving average price is $14.66.

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.