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

Rosenblatt Securities reissued their buy rating on shares of Silvaco Group (NASDAQ:SVCO) in a research report released on Tuesday morning,Benzinga reports. The brokerage currently has a $12.00 price objective on the stock.

Several other research analysts have also commented on SVCO. Weiss Ratings restated a “sell (e+)” rating on shares of Silvaco Group in a report on Wednesday, October 8th. TD Cowen dropped their price objective on shares of Silvaco Group from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Friday, August 8th. Finally, Jefferies Financial Group raised shares of Silvaco Group to a “strong-buy” rating in a research report on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $11.25.

Silvaco Group Price Performance

Shares of SVCO stock opened at $5.22 on Tuesday. The firm has a market cap of $158.58 million, a P/E ratio of -4.83 and a beta of 3.18. Silvaco Group has a 1-year low of $3.55 and a 1-year high of $9.93. The firm’s 50-day simple moving average is $5.61 and its 200-day simple moving average is $5.04.

Insider Buying and Selling

In other news, CFO Christopher John Zegarelli acquired 5,100 shares of the company’s stock in a transaction dated Monday, September 15th. The shares were bought at an average price of $5.03 per share, for a total transaction of $25,653.00. Following the completion of the purchase, the chief financial officer directly owned 8,493 shares of the company’s stock, valued at approximately $42,719.79. This trade represents a 150.31% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Anthony K.K. Ngai acquired 5,000 shares of the company’s stock in a transaction dated Monday, September 8th. The shares were purchased at an average price of $5.30 per share, for a total transaction of $26,500.00. Following the purchase, the director directly owned 74,077 shares of the company’s stock, valued at approximately $392,608.10. This trade represents a 7.24% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 16,800 shares of company stock worth $87,450 in the last quarter. Insiders own 38.40% of the company’s stock.

Institutional Trading of Silvaco Group

A number of hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in shares of Silvaco Group by 27.3% during the second quarter. JPMorgan Chase & Co. now owns 13,483 shares of the company’s stock valued at $64,000 after purchasing an additional 2,895 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Silvaco Group by 8.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 60,724 shares of the company’s stock worth $277,000 after buying an additional 4,667 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in Silvaco Group by 4,961.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 5,264 shares of the company’s stock worth $25,000 after acquiring an additional 5,160 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Silvaco Group during the 1st quarter worth $30,000. Finally, PDT Partners LLC grew its holdings in Silvaco Group by 35.1% during the 2nd quarter. PDT Partners LLC now owns 25,969 shares of the company’s stock worth $123,000 after acquiring an additional 6,749 shares in the last quarter.

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.