Silvaco Group (NASDAQ:SVCO) Earns “Buy” Rating from Rosenblatt Securities

Silvaco Group (NASDAQ:SVCO)‘s stock had its “buy” rating restated by stock analysts at Rosenblatt Securities in a note issued to investors on Wednesday,Benzinga reports. They currently have a $18.00 target price on the stock. Rosenblatt Securities’ price target would suggest a potential upside of 121.95% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on the stock. Craig Hallum reduced their price target on shares of Silvaco Group from $25.00 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. Needham & Company LLC restated a “buy” rating and set a $19.00 price target on shares of Silvaco Group in a research report on Wednesday, November 13th. TD Cowen dropped their price objective on Silvaco Group from $20.00 to $15.00 and set a “buy” rating for the company in a research note on Wednesday, November 13th. Finally, B. Riley reissued a “buy” rating and set a $26.00 target price on shares of Silvaco Group in a research note on Thursday, September 19th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $19.67.

Silvaco Group Stock Down 1.3 %

Shares of Silvaco Group stock opened at $8.11 on Wednesday. Silvaco Group has a 52 week low of $6.14 and a 52 week high of $21.59. The business’s fifty day simple moving average is $7.96 and its 200-day simple moving average is $12.09.

Insider Transactions at Silvaco Group

In related news, insider Eric Guichard sold 25,000 shares of Silvaco Group stock in a transaction 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 transaction, the insider now directly owns 57,902 shares in the company, valued at approximately $416,315.38. This trade represents a 30.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Institutional Investors Weigh In On Silvaco Group

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

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.