Silvaco Group (NASDAQ:SVCO) Earns Buy Rating from Needham & Company LLC

Silvaco Group (NASDAQ:SVCO)‘s stock had its “buy” rating reissued by equities researchers at Needham & Company LLC in a research note issued to investors on Wednesday,Benzinga reports. They presently have a $19.00 price objective on the stock. Needham & Company LLC’s price target indicates a potential upside of 148.69% from the stock’s current price.

A number of other research analysts also recently commented on the company. TD Cowen lowered their target price on Silvaco Group from $20.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday. Rosenblatt Securities lowered 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. Craig Hallum dropped their price objective on Silvaco Group from $25.00 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. Finally, B. Riley reiterated a “buy” rating and issued a $26.00 target price on shares of Silvaco Group in a research note on Thursday, September 19th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $20.00.

Silvaco Group Stock Performance

Silvaco Group stock opened at $7.64 on Wednesday. Silvaco Group has a 12 month low of $6.14 and a 12 month high of $21.59. The firm’s fifty day moving average is $10.84.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SVCO. MeadowBrook Investment Advisors LLC boosted 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 purchasing an additional 6,830 shares during the period. Federated Hermes Inc. bought a new stake in shares of Silvaco Group during the 2nd quarter worth $216,000. Verition Fund Management LLC acquired a new position in Silvaco Group in the 3rd quarter valued at $217,000. Point72 DIFC Ltd acquired a new position in Silvaco Group in the 2nd quarter valued at $235,000. Finally, Cubist Systematic Strategies LLC bought a new position in Silvaco Group in the 2nd quarter worth $366,000.

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.