Silvaco Group (NASDAQ:SVCO) Given New $15.00 Price Target at Craig Hallum

Silvaco Group (NASDAQ:SVCO) had its price target lowered by Craig Hallum from $17.00 to $15.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Other research analysts have also issued reports about the company. Needham & Company LLC reaffirmed a “buy” rating and set a $19.00 price objective on shares of Silvaco Group in a research report on Wednesday, November 13th. B. Riley restated a “buy” rating and set a $26.00 price objective on shares of Silvaco Group in a report on Thursday, September 19th. Rosenblatt Securities reissued a “buy” rating and set a $18.00 target price on shares of Silvaco Group in a research report on Wednesday. Finally, TD Cowen cut their price objective on Silvaco Group from $20.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday, November 13th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $19.67.

Silvaco Group Trading Up 2.6 %

Shares of SVCO stock opened at $8.22 on Wednesday. The stock has a fifty day simple moving average of $7.94 and a two-hundred day simple moving average of $12.12. Silvaco Group has a twelve month low of $6.14 and a twelve month high of $21.59.

Insider Buying and Selling at Silvaco Group

In related news, insider Eric Guichard sold 25,000 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $7.19, for a total value of $179,750.00. Following 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Institutional Investors Weigh In On Silvaco Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Point72 Asset Management L.P. acquired a new stake in Silvaco Group in the 2nd quarter valued at approximately $1,182,000. Davidson Kempner Capital Management LP purchased a new stake in Silvaco Group during the second quarter worth about $3,182,000. Ghisallo Capital Management LLC acquired a new stake in shares of Silvaco Group during the second quarter worth about $899,000. First Eagle Investment Management LLC purchased a new position in shares of Silvaco Group in the second quarter valued at approximately $3,469,000. Finally, Barclays PLC acquired a new position in shares of Silvaco Group in the third quarter valued at approximately $298,000.

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.