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

Silvaco Group, Inc. (NASDAQ:SVCO) has been given an average recommendation of “Buy” by the six analysts that are covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a buy rating. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $20.00.

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

Insider Buying and Selling at Silvaco Group

In other news, insider Eric Guichard sold 25,000 shares of Silvaco Group stock in a transaction that occurred 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 sale, the insider now directly owns 57,902 shares in the company, valued at approximately $416,315.38. This trade represents a 30.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Hedge Funds Weigh In On Silvaco Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Point72 Asset Management L.P. bought a new stake in shares of Silvaco Group during the second quarter valued at approximately $1,182,000. Davidson Kempner Capital Management LP purchased a new position in Silvaco Group during the second quarter valued at $3,182,000. Ghisallo Capital Management LLC bought a new stake in shares of Silvaco Group during the 2nd quarter valued at $899,000. First Eagle Investment Management LLC purchased a new stake in shares of Silvaco Group in the 2nd quarter worth about $3,469,000. Finally, Ovata Capital Management Ltd bought a new position in shares of Silvaco Group in the 2nd quarter worth about $1,618,000.

Silvaco Group Trading Up 5.6 %

NASDAQ:SVCO opened at $8.25 on Wednesday. The business’s fifty day moving average is $9.28 and its 200 day moving average is $14.48. Silvaco Group has a 52-week low of $6.14 and a 52-week high of $21.59.

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.