Analysts Set Silvaco Group, Inc. (NASDAQ:SVCO) Price Target at $20.00

Silvaco Group, Inc. (NASDAQ:SVCO) has received an average recommendation of “Buy” from the six brokerages that are presently covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a buy rating. The average 1-year price objective among brokerages that have covered the stock in the last year is $20.00.

SVCO has been the topic of a number of analyst reports. Craig Hallum cut their price target on Silvaco Group from $25.00 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. TD Cowen cut their target price on Silvaco Group from $20.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, November 13th. Needham & Company LLC reissued a “buy” rating and set a $19.00 price target on shares of Silvaco Group in a research report on Wednesday, November 13th. Rosenblatt Securities cut their price objective on shares of Silvaco Group from $26.00 to $18.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. Finally, B. Riley reiterated a “buy” rating and set a $26.00 price objective on shares of Silvaco Group in a research note on Thursday, September 19th.

Insider Activity at Silvaco Group

In related news, insider Eric Guichard sold 25,000 shares of the company’s stock in a transaction on Friday, November 15th. The stock was 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 of the company’s stock, valued at $416,315.38. This represents a 30.16 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Institutional Trading of Silvaco Group

Large investors have recently added to or reduced their stakes in the company. Lynrock Lake LP purchased a new stake in Silvaco Group in the second quarter valued at approximately $3,596,000. Jane Street Group LLC acquired a new stake in Silvaco Group during the 3rd quarter valued at approximately $2,788,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Silvaco Group in the 2nd quarter valued at $3,485,000. First Eagle Investment Management LLC acquired a new stake in shares of Silvaco Group in the second quarter worth $3,469,000. Finally, Davidson Kempner Capital Management LP acquired a new stake in shares of Silvaco Group in the second quarter worth $3,182,000.

Silvaco Group Trading Down 1.1 %

NASDAQ SVCO 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 firm’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.