Craig Hallum Lowers Silvaco Group (NASDAQ:SVCO) Price Target to $15.00

Silvaco Group (NASDAQ:SVCO) had its target price dropped by equities research analysts at Craig Hallum from $17.00 to $15.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Craig Hallum’s target price indicates a potential upside of 84.96% from the stock’s current price.

Other equities analysts have also issued reports about the stock. B. Riley restated a “buy” rating and issued a $26.00 price objective on shares of Silvaco Group in a report on Thursday, September 19th. Needham & Company LLC restated a “buy” rating and issued a $19.00 price target on shares of Silvaco Group in a research note on Wednesday, November 13th. Rosenblatt Securities reaffirmed a “buy” rating and set a $18.00 price objective on shares of Silvaco Group in a research report on Wednesday. Finally, TD Cowen reduced 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. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $19.67.

Silvaco Group Stock Performance

Silvaco Group stock opened at $8.11 on Wednesday. The stock’s 50 day moving average is $7.96 and its 200 day moving average is $12.09. Silvaco Group has a twelve month low of $6.14 and a twelve month high of $21.59.

Insiders Place Their Bets

In other news, insider Eric Guichard sold 25,000 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $7.19, for a total value of $179,750.00. Following the transaction, the insider now owns 57,902 shares in the company, valued at $416,315.38. This represents a 30.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Institutional Trading of Silvaco Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. bought a new stake in shares of Silvaco Group during the 3rd quarter valued at $1,565,000. Virtu Financial LLC purchased a new position in Silvaco Group during the third quarter valued at $216,000. Barclays PLC bought a new stake in Silvaco Group during the third quarter valued at about $298,000. Geode Capital Management LLC increased its position in Silvaco Group by 111.8% in the third quarter. Geode Capital Management LLC now owns 141,386 shares of the company’s stock worth $2,022,000 after buying an additional 74,644 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Silvaco Group in the third quarter worth about $173,000.

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.