Silvaco Group (NASDAQ:SVCO) Receives Buy Rating from Rosenblatt Securities

Rosenblatt Securities reiterated their buy rating on shares of Silvaco Group (NASDAQ:SVCO) in a report issued on Thursday,Benzinga reports. They currently have a $18.00 price target on the stock.

Other equities analysts have also recently issued research reports about the company. Needham & Company LLC reiterated a “buy” rating and set a $19.00 price objective on shares of Silvaco Group in a report on Thursday. TD Cowen cut their price target on shares of Silvaco Group from $15.00 to $12.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Craig Hallum lowered their price objective on shares of Silvaco Group from $17.00 to $15.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $19.17.

Silvaco Group Trading Down 19.6 %

SVCO stock opened at $4.91 on Thursday. Silvaco Group has a 1-year low of $4.80 and a 1-year high of $21.59. The business’s 50-day moving average price is $7.64 and its two-hundred day moving average price is $9.58.

Institutional Trading of Silvaco Group

A number of hedge funds and other institutional investors have recently made changes to their positions in SVCO. Squarepoint Ops LLC grew its position in Silvaco Group by 4.8% in the fourth quarter. Squarepoint Ops LLC now owns 36,151 shares of the company’s stock valued at $292,000 after purchasing an additional 1,651 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Silvaco Group by 19.9% during the 4th quarter. BNP Paribas Financial Markets now owns 61,682 shares of the company’s stock worth $498,000 after buying an additional 10,240 shares during the last quarter. Nebula Research & Development LLC bought a new position in shares of Silvaco Group in the 4th quarter valued at about $113,000. Capital Research Global Investors increased its position in shares of Silvaco Group by 19.9% in the fourth quarter. Capital Research Global Investors now owns 1,442,516 shares of the company’s stock valued at $11,656,000 after acquiring an additional 239,631 shares during the last quarter. Finally, Marshall Wace LLP raised its holdings in Silvaco Group by 15.1% during the fourth quarter. Marshall Wace LLP now owns 52,104 shares of the company’s stock worth $421,000 after acquiring an additional 6,824 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.