Silvaco Group (NASDAQ:SVCO) Price Target Lowered to $12.00 at TD Cowen

Silvaco Group (NASDAQ:SVCO) had its target price lowered by TD Cowen from $15.00 to $12.00 in a research note published on Thursday morning, MarketBeat reports. The firm currently has a buy rating on the stock.

A number of other research analysts have also recently weighed in on SVCO. Craig Hallum lowered their price objective on Silvaco Group from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. Rosenblatt Securities reaffirmed a “buy” rating and set a $18.00 price target on shares of Silvaco Group in a report on Wednesday, January 15th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $19.00 price objective on shares of Silvaco Group in a research note on Wednesday, November 13th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $19.17.

Silvaco Group Trading Down 19.6 %

SVCO opened at $4.91 on Thursday. The firm’s 50 day simple moving average is $7.64 and its two-hundred day simple moving average is $9.58. Silvaco Group has a 1-year low of $4.80 and a 1-year high of $21.59.

Institutional Investors Weigh In On Silvaco Group

Hedge funds have recently made changes to their positions in the company. R Squared Ltd bought a new stake in Silvaco Group in the 4th quarter worth approximately $25,000. New York State Common Retirement Fund bought a new position in Silvaco Group during the fourth quarter valued at $81,000. Aristides Capital LLC purchased a new position in shares of Silvaco Group in the 4th quarter worth $86,000. Nebula Research & Development LLC bought a new stake in shares of Silvaco Group in the 4th quarter worth about $113,000. Finally, Centiva Capital LP bought a new stake in shares of Silvaco Group in the 3rd quarter worth about $145,000.

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.