Silvaco Group (NASDAQ:SVCO - Free Report) had its target price lowered by TD Cowen from $20.00 to $15.00 in a report released on Wednesday, MarketBeat.com reports. TD Cowen currently has a buy rating on the stock.
Other equities research analysts have also issued reports about the stock. B. Riley reiterated a "buy" rating and set a $26.00 target price on shares of Silvaco Group in a report on Thursday, September 19th. Needham & Company LLC reduced their target price on shares of Silvaco Group from $26.00 to $19.00 and set a "buy" rating on the stock in a report on Thursday, October 17th. Craig Hallum reduced their target price on shares of Silvaco Group from $25.00 to $17.00 and set a "buy" rating on the stock in a report on Wednesday, October 16th. Finally, Rosenblatt Securities reduced their price objective on shares of Silvaco Group from $26.00 to $18.00 and set a "buy" rating on the stock in a report on Thursday, October 17th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $20.00.
Check Out Our Latest Analysis on Silvaco Group
Silvaco Group Stock Performance
Shares of NASDAQ:SVCO traded up $0.63 during mid-day trading on Wednesday, reaching $7.56. 716,409 shares of the company were exchanged, compared to its average volume of 389,085. The company has a 50-day moving average price of $10.98. Silvaco Group has a 1 year low of $6.14 and a 1 year high of $21.59.
Hedge Funds Weigh In On Silvaco Group
A number of large investors have recently modified their holdings of the business. Lynrock Lake LP purchased a new position in Silvaco Group in the 2nd quarter valued at approximately $3,596,000. Allspring Global Investments Holdings LLC acquired a new stake in Silvaco Group during the 2nd quarter valued at $3,485,000. First Eagle Investment Management LLC acquired a new stake in Silvaco Group during the 2nd quarter valued at $3,469,000. Davidson Kempner Capital Management LP purchased a new position in shares of Silvaco Group during the 2nd quarter valued at $3,182,000. Finally, Ovata Capital Management Ltd purchased a new position in shares of Silvaco Group during the 2nd quarter valued at $1,618,000.
Silvaco Group Company Profile
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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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