Silvaco Group, Inc. (NASDAQ:SVCO) Receives $20.00 Consensus Price Target from Analysts

Silvaco Group, Inc. (NASDAQ:SVCO) has received a consensus recommendation of “Buy” from the six analysts that are covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a buy recommendation. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $20.00.

Several equities analysts have recently weighed in on SVCO shares. TD Cowen cut 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. Craig Hallum cut their price objective on shares of Silvaco Group from $25.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. Rosenblatt Securities lowered their target price on shares of Silvaco Group from $26.00 to $18.00 and set a “buy” rating on the stock in a research note on Thursday, October 17th. B. Riley restated a “buy” rating and issued a $26.00 price target on shares of Silvaco Group in a research note on Thursday, September 19th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $19.00 price target on shares of Silvaco Group in a research report on Wednesday, November 13th.

Insider Buying and Selling

In other Silvaco Group news, insider Eric Guichard sold 25,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 57,902 shares in the company, valued at approximately $416,315.38. The trade was a 30.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Hedge Funds Weigh In On Silvaco Group

Several hedge funds and other institutional investors have recently made changes to their positions in SVCO. MeadowBrook Investment Advisors LLC raised its stake in Silvaco Group by 106.2% in the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 13,260 shares of the company’s stock valued at $190,000 after purchasing an additional 6,830 shares during the last quarter. Centiva Capital LP purchased a new stake in shares of Silvaco Group during the third quarter worth $145,000. Federated Hermes Inc. acquired a new stake in shares of Silvaco Group in the second quarter valued at about $216,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Silvaco Group in the third quarter worth about $173,000. Finally, Point72 DIFC Ltd acquired a new position in Silvaco Group during the second quarter worth about $235,000.

Silvaco Group Stock Down 1.1 %

Silvaco Group stock opened at $8.11 on Friday. Silvaco Group has a 52 week low of $6.14 and a 52 week high of $21.59. The business’s 50-day moving average price is $7.56 and its 200 day moving average price is $12.98.

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.