Silvaco Group, Inc. (NASDAQ:SVCO) Given Consensus Rating of “Buy” by Analysts

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

Several research analysts recently issued reports on the stock. Rosenblatt Securities reiterated a “buy” rating and issued a $18.00 price target on shares of Silvaco Group in a research note on Wednesday, January 15th. TD Cowen lowered their target price on shares of Silvaco Group from $20.00 to $15.00 and set a “buy” rating for the company in a report on Wednesday, November 13th. 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. Finally, Craig Hallum lowered their price objective on Silvaco Group from $17.00 to $15.00 and set a “buy” rating for the company in a research note on Wednesday, January 15th.

Insider Activity at Silvaco Group

In related news, insider Eric Guichard sold 25,000 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $7.19, for a total transaction of $179,750.00. Following the sale, the insider now directly owns 57,902 shares of the company’s stock, valued at $416,315.38. This trade represents a 30.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Hedge Funds Weigh In On Silvaco Group

A number of hedge funds have recently bought and sold shares of SVCO. Point72 Asset Management L.P. bought a new stake in shares of Silvaco Group in the second quarter worth approximately $1,182,000. Davidson Kempner Capital Management LP purchased a new stake in Silvaco Group in the second quarter worth approximately $3,182,000. Ghisallo Capital Management LLC bought a new stake in Silvaco Group in the 2nd quarter worth approximately $899,000. First Eagle Investment Management LLC purchased a new stake in Silvaco Group during the 2nd quarter valued at $3,469,000. Finally, Barclays PLC bought a new position in shares of Silvaco Group during the 3rd quarter valued at $298,000.

Silvaco Group Stock Up 1.2 %

NASDAQ:SVCO opened at $8.21 on Thursday. Silvaco Group has a 12 month low of $6.14 and a 12 month high of $21.59. The company has a 50-day moving average price of $8.04 and a 200-day moving average price of $11.83.

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.