Silvaco Group (NASDAQ:SVCO) Given Buy Rating at Rosenblatt Securities

Silvaco Group (NASDAQ:SVCO - Get Free Report)'s stock had its "buy" rating restated by equities researchers at Rosenblatt Securities in a research report issued on Wednesday,Benzinga reports. They presently have a $18.00 target price on the stock. Rosenblatt Securities' price target would suggest a potential upside of 118.98% from the company's previous close.

Several other research analysts have also recently issued reports on SVCO. Needham & Company LLC reiterated a "buy" rating and issued a $19.00 price objective on shares of Silvaco Group in a research report on Wednesday, November 13th. Craig Hallum cut their price target on shares of Silvaco Group from $25.00 to $17.00 and set a "buy" rating for the company in a report on Wednesday, October 16th. B. Riley reissued a "buy" rating and set a $26.00 price objective on shares of Silvaco Group in a report on Thursday, September 19th. Finally, TD Cowen dropped their target price on shares of Silvaco Group from $20.00 to $15.00 and set a "buy" rating for the company in a report on Wednesday, November 13th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $19.67.

Silvaco Group Stock Performance

Shares of SVCO stock traded up $0.21 during trading hours on Wednesday, reaching $8.22. 117,362 shares of the company's stock were exchanged, compared to its average volume of 123,660. The company's 50 day moving average is $7.94 and its two-hundred day moving average is $12.12. Silvaco Group has a 1 year low of $6.14 and a 1 year high of $21.59.

Insider Buying and Selling at Silvaco Group

In other Silvaco Group news, insider Eric Guichard sold 25,000 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $7.19, for a total transaction of $179,750.00. Following the sale, the insider now owns 57,902 shares in the company, valued at approximately $416,315.38. This represents a 30.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Hedge Funds Weigh In On Silvaco Group

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

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.