TD Cowen Has Lowered Expectations for Silvaco Group (NASDAQ:SVCO) Stock Price

Silvaco Group (NASDAQ:SVCO) had its price objective reduced by equities researchers at TD Cowen from $20.00 to $15.00 in a note issued to investors on Wednesday, MarketBeat.com reports. The firm presently has a “buy” rating on the stock. TD Cowen’s target price would indicate a potential upside of 96.34% from the stock’s current price.

A number of other research firms have also issued reports on SVCO. Needham & Company LLC lowered their target price on shares of Silvaco Group from $26.00 to $19.00 and set a “buy” rating on the stock in a research note on Thursday, October 17th. Rosenblatt Securities lowered their price target on Silvaco Group from $26.00 to $18.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. B. Riley reiterated a “buy” rating and issued a $26.00 price objective on shares of Silvaco Group in a research note on Thursday, September 19th. Finally, Craig Hallum decreased their target price on Silvaco Group from $25.00 to $17.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $20.00.

Silvaco Group Stock Performance

Shares of SVCO 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 company’s 50 day moving average is $10.84.

Institutional Trading of Silvaco Group

A number of hedge funds have recently modified their holdings of the company. Allspring Global Investments Holdings LLC acquired a new position in shares of Silvaco Group in the second quarter valued at $3,485,000. Ovata Capital Management Ltd bought a new position in shares of Silvaco Group during the 2nd quarter worth about $1,618,000. Federated Hermes Inc. acquired a new stake in shares of Silvaco Group during the 2nd quarter valued at about $216,000. First Eagle Investment Management LLC acquired a new stake in shares of Silvaco Group during the 2nd quarter valued at about $3,469,000. Finally, XTX Topco Ltd bought a new stake in Silvaco Group in the second quarter valued at about $402,000.

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.