Silvaco Group (NASDAQ:SVCO - Get Free Report)'s stock had its "buy" rating restated by investment analysts at Needham & Company LLC in a research note issued on Thursday,Benzinga reports. They currently have a $19.00 price objective on the stock. Needham & Company LLC's target price would suggest a potential upside of 314.85% from the stock's current price.
SVCO has been the subject of a number of other research reports. Craig Hallum cut 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 note on Wednesday, January 15th. Rosenblatt Securities reiterated a "buy" rating and set a $18.00 target price on shares of Silvaco Group in a research note on Wednesday, January 15th. Finally, TD Cowen decreased their price objective on shares of Silvaco Group from $15.00 to $12.00 and set a "buy" rating on the stock in a report on Thursday. Six analysts have rated the stock with a buy rating, According to MarketBeat, Silvaco Group has an average rating of "Buy" and a consensus price target of $19.17.
Read Our Latest Stock Report on Silvaco Group
Silvaco Group Stock Performance
NASDAQ:SVCO traded down $0.25 during trading hours on Thursday, hitting $4.58. The stock had a trading volume of 325,352 shares, compared to its average volume of 189,768. The company has a market cap of $131.32 million and a price-to-earnings ratio of -2.92. The business's 50 day moving average is $7.57 and its 200-day moving average is $9.40. Silvaco Group has a one year low of $4.50 and a one year high of $21.59.
Institutional Trading of Silvaco Group
Large investors have recently modified their holdings of the stock. Squarepoint Ops LLC grew its stake in shares of Silvaco Group by 4.8% in the 4th quarter. Squarepoint Ops LLC now owns 36,151 shares of the company's stock valued at $292,000 after buying an additional 1,651 shares during the period. BNP Paribas Financial Markets grew its stake in Silvaco Group by 19.9% in the 4th quarter. BNP Paribas Financial Markets now owns 61,682 shares of the company's stock valued at $498,000 after purchasing an additional 10,240 shares during the period. Nebula Research & Development LLC purchased a new stake in Silvaco Group during the fourth quarter worth about $113,000. Capital Research Global Investors raised its position in Silvaco Group by 19.9% in the fourth quarter. Capital Research Global Investors now owns 1,442,516 shares of the company's stock worth $11,656,000 after acquiring an additional 239,631 shares during the period. Finally, Marshall Wace LLP grew its position in shares of Silvaco Group by 15.1% during the 4th quarter. Marshall Wace LLP now owns 52,104 shares of the company's stock valued at $421,000 after acquiring an additional 6,824 shares during the period.
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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