Silvaco Group (NASDAQ:SVCO - Get Free Report) had its target price reduced by equities research analysts at TD Cowen from $15.00 to $12.00 in a research report issued on Thursday, MarketBeat reports. The brokerage presently has a "buy" rating on the stock. TD Cowen's target price indicates a potential upside of 162.01% from the stock's previous close.
Several other analysts also recently issued reports on SVCO. Craig Hallum cut their price objective on Silvaco Group from $17.00 to $15.00 and set a "buy" rating on the stock in a report on Wednesday, January 15th. Needham & Company LLC restated a "buy" rating and issued a $19.00 price objective on shares of Silvaco Group in a research report on Wednesday, November 13th. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $18.00 price objective on shares of Silvaco Group in a research note on Wednesday, January 15th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $19.17.
Check Out Our Latest Report on Silvaco Group
Silvaco Group Price Performance
NASDAQ:SVCO traded down $0.25 during trading hours on Thursday, reaching $4.58. 325,352 shares of the company were exchanged, compared to its average volume of 189,768. Silvaco Group has a 52-week low of $4.50 and a 52-week high of $21.59. The firm has a market cap of $131.32 million and a price-to-earnings ratio of -2.92. The stock has a 50 day simple moving average of $7.57 and a 200 day simple moving average of $9.40.
Hedge Funds Weigh In On Silvaco Group
Several large investors have recently modified their holdings of the stock. Squarepoint Ops LLC raised its position in shares of Silvaco Group by 4.8% during 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 in the last quarter. R Squared Ltd purchased a new stake in Silvaco Group during the fourth quarter worth approximately $25,000. Marshall Wace LLP boosted its holdings in shares of Silvaco Group by 15.1% in the fourth 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 in the last quarter. MeadowBrook Investment Advisors LLC increased its position in 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. Finally, New York State Common Retirement Fund purchased a new position in shares of Silvaco Group in the 4th quarter valued at $81,000.
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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