Analysts Set Silvaco Group, Inc. (NASDAQ:SVCO) PT at $20.00

Shares of Silvaco Group, Inc. (NASDAQ:SVCO) have been assigned an average rating of “Buy” from the six brokerages that are covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a buy recommendation. The average 1-year target price among brokerages that have covered the stock in the last year is $20.00.

Several research firms have recently weighed in on SVCO. Rosenblatt Securities decreased their price target on Silvaco Group from $26.00 to $18.00 and set a “buy” rating for the company in a research note on Thursday, October 17th. TD Cowen lowered their target price on shares of Silvaco Group from $20.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, November 13th. Needham & Company LLC reiterated a “buy” rating and issued a $19.00 price target on shares of Silvaco Group in a research note on Wednesday, November 13th. Craig Hallum lowered their price objective on shares of Silvaco Group from $25.00 to $17.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Finally, B. Riley reaffirmed a “buy” rating and issued a $26.00 target price on shares of Silvaco Group in a research report on Thursday, September 19th.

Insider Buying and Selling at Silvaco Group

In other Silvaco Group news, insider Eric Guichard sold 25,000 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $7.19, for a total value of $179,750.00. Following the completion of the sale, the insider now owns 57,902 shares in the company, valued at $416,315.38. This represents a 30.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Centiva Capital LP purchased a new position in Silvaco Group during the third quarter valued at approximately $145,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Silvaco Group during the 3rd quarter valued at $173,000. MeadowBrook Investment Advisors LLC lifted its stake in shares of Silvaco Group by 106.2% during the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 13,260 shares of the company’s stock valued at $190,000 after buying an additional 6,830 shares in the last quarter. Federated Hermes Inc. bought a new position in Silvaco Group in the 2nd quarter worth $216,000. Finally, Virtu Financial LLC purchased a new stake in Silvaco Group in the 3rd quarter worth $216,000.

Silvaco Group Stock Performance

Shares of NASDAQ SVCO opened at $9.03 on Wednesday. Silvaco Group has a twelve month low of $6.14 and a twelve month high of $21.59. The company has a 50 day moving average of $9.01 and a 200 day moving average of $14.27.

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.