Silvaco Group, Inc. (NASDAQ:SVCO) Receives $19.67 Consensus PT from Brokerages

Silvaco Group, Inc. (NASDAQ:SVCO) has earned a consensus recommendation of “Buy” from the six brokerages that are presently covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a buy rating. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $19.67.

A number of research analysts recently commented on the company. TD Cowen reduced their price target on Silvaco Group from $20.00 to $15.00 and set a “buy” rating for the company in a report on Wednesday, November 13th. Needham & Company LLC reissued a “buy” rating and issued a $19.00 price target on shares of Silvaco Group in a report on Wednesday, November 13th. Craig Hallum reduced their price target on Silvaco Group from $17.00 to $15.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $18.00 price target on shares of Silvaco Group in a report on Wednesday, January 15th.

Silvaco Group Stock Down 2.1 %

Shares of NASDAQ SVCO opened at $6.96 on Monday. Silvaco Group has a 1-year low of $6.14 and a 1-year high of $21.59. The business has a 50-day moving average of $8.17 and a 200-day moving average of $10.42.

Institutional Trading of Silvaco Group

Several institutional investors and hedge funds have recently bought and sold shares of SVCO. Samjo Management LLC acquired a new stake in Silvaco Group during the fourth quarter valued at approximately $5,230,000. Capital Research Global Investors raised its position in shares of Silvaco Group by 19.9% during the 4th quarter. Capital Research Global Investors now owns 1,442,516 shares of the company’s stock worth $11,656,000 after purchasing an additional 239,631 shares during the period. Kennedy Capital Management LLC acquired a new stake in shares of Silvaco Group during the 4th quarter worth approximately $1,823,000. Jane Street Group LLC acquired a new stake in shares of Silvaco Group during the 3rd quarter worth approximately $2,788,000. Finally, JPMorgan Chase & Co. acquired a new stake in shares of Silvaco Group during the 3rd quarter worth approximately $1,565,000.

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.