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

Silvaco Group, Inc. (NASDAQ:SVCO) has received a consensus rating of “Buy” from the six ratings firms that are presently covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a buy recommendation. The average 12 month price objective among analysts that have covered the stock in the last year is $20.00.

SVCO has been the subject of several recent analyst reports. TD Cowen cut their price objective on Silvaco Group from $20.00 to $15.00 and set a “buy” rating for the company in a report on Wednesday, November 13th. Craig Hallum cut their price target on shares of Silvaco Group from $25.00 to $17.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. B. Riley restated a “buy” rating and set a $26.00 price objective on shares of Silvaco Group in a research report on Thursday, September 19th. Needham & Company LLC reissued a “buy” rating and issued a $19.00 target price on shares of Silvaco Group in a research note on Wednesday, November 13th. Finally, Rosenblatt Securities dropped 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.

Insider Buying and Selling at Silvaco Group

In other Silvaco Group news, insider Eric Guichard sold 25,000 shares of the business’s stock in a transaction that occurred on 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 approximately $416,315.38. The trade was a 30.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in SVCO. Allspring Global Investments Holdings LLC bought a new stake in Silvaco Group in the 2nd quarter worth $3,485,000. Ovata Capital Management Ltd purchased a new stake in shares of Silvaco Group during the second quarter worth about $1,618,000. Federated Hermes Inc. bought a new stake in shares of Silvaco Group in the second quarter worth about $216,000. First Eagle Investment Management LLC purchased a new position in Silvaco Group during the 2nd quarter valued at about $3,469,000. Finally, XTX Topco Ltd bought a new position in Silvaco Group during the 2nd quarter valued at approximately $402,000.

Silvaco Group Stock Performance

Silvaco Group stock opened at $7.97 on Friday. The business has a 50-day simple moving average of $7.56 and a 200 day simple moving average of $13.21. Silvaco Group has a 52 week low of $6.14 and a 52 week high of $21.59.

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.