Silvaco Group’s (SVCO) “Buy” Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities reiterated their buy rating on shares of Silvaco Group (NASDAQ:SVCO) in a report issued on Thursday morning,Benzinga reports. Rosenblatt Securities currently has a $18.00 target price on the stock.

Other equities analysts also recently issued research reports about the stock. Craig Hallum dropped their price objective on shares of Silvaco Group from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. Needham & Company LLC reissued a “buy” rating and issued a $19.00 price objective on shares of Silvaco Group in a report on Thursday. Finally, TD Cowen dropped their price objective on shares of Silvaco Group from $15.00 to $12.00 and set a “buy” rating on the stock in a report on Thursday. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Silvaco Group has an average rating of “Buy” and a consensus target price of $19.17.

Silvaco Group Stock Down 1.6 %

Shares of NASDAQ SVCO opened at $4.83 on Thursday. The firm’s 50-day moving average price is $7.57 and its 200-day moving average price is $9.45. Silvaco Group has a 52-week low of $4.56 and a 52-week high of $21.59.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Squarepoint Ops LLC increased its position in Silvaco Group by 4.8% during the fourth quarter. Squarepoint Ops LLC now owns 36,151 shares of the company’s stock valued at $292,000 after acquiring an additional 1,651 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Silvaco Group by 19.9% during the fourth quarter. BNP Paribas Financial Markets now owns 61,682 shares of the company’s stock valued at $498,000 after purchasing an additional 10,240 shares during the period. Nebula Research & Development LLC purchased a new stake in shares of Silvaco Group during the fourth quarter valued at $113,000. Capital Research Global Investors boosted its stake in shares of Silvaco Group by 19.9% during the fourth quarter. Capital Research Global Investors now owns 1,442,516 shares of the company’s stock valued at $11,656,000 after purchasing an additional 239,631 shares during the period. Finally, Marshall Wace LLP boosted its stake in shares of Silvaco Group by 15.1% during the fourth quarter. Marshall Wace LLP now owns 52,104 shares of the company’s stock valued at $421,000 after purchasing an additional 6,824 shares during the period.

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.