Analysts Set Silvaco Group, Inc. (NASDAQ:SVCO) Target Price at $19.67

Silvaco Group, Inc. (NASDAQ:SVCO) has received an average rating of “Buy” from the six analysts that are covering the stock, Marketbeat reports. Six research analysts have rated the stock with a buy recommendation. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $19.67.

A number of research firms have recently commented on SVCO. Craig Hallum cut their price target 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. TD Cowen reduced their target price on Silvaco Group from $20.00 to $15.00 and set a “buy” rating for the company in a report on Wednesday, November 13th. Rosenblatt Securities reaffirmed a “buy” rating and set a $18.00 price target on shares of Silvaco Group in a report on Wednesday, January 15th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $19.00 price objective on shares of Silvaco Group in a report on Wednesday, November 13th.

Silvaco Group Price Performance

Shares of SVCO stock opened at $7.06 on Monday. Silvaco Group has a one year low of $6.14 and a one year high of $21.59. The company’s 50-day moving average is $8.21 and its 200 day moving average is $10.61.

Insider Buying and Selling

In other Silvaco Group 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 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Investors Weigh In On Silvaco Group

A number of hedge funds have recently modified their holdings of the business. R Squared Ltd purchased a new position in Silvaco Group during the fourth quarter valued at $25,000. New York State Common Retirement Fund bought a new position in shares of Silvaco Group in the fourth quarter worth about $81,000. Centiva Capital LP purchased a new position in shares of Silvaco Group during the 3rd quarter valued at about $145,000. Y Intercept Hong Kong Ltd bought a new position in shares of Silvaco Group during the 3rd quarter valued at approximately $173,000. Finally, MeadowBrook Investment Advisors LLC increased its holdings in Silvaco Group by 106.2% in 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.

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.