Silvaco Group, Inc. (NASDAQ:SVCO) Receives Average Rating of “Buy” from Brokerages

Shares of Silvaco Group, Inc. (NASDAQ:SVCO) have earned an average recommendation of “Buy” from the six brokerages that are presently covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a buy recommendation. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $19.17.

Several equities research analysts recently issued reports on SVCO shares. TD Cowen reduced their price objective on shares of Silvaco Group from $15.00 to $12.00 and set a “buy” rating for the company in a research note on Thursday, March 6th. Craig Hallum reduced their price target on Silvaco Group from $17.00 to $15.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. Rosenblatt Securities reiterated a “buy” rating and set a $18.00 price target on shares of Silvaco Group in a research note on Thursday, March 6th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $19.00 price objective on shares of Silvaco Group in a research note on Thursday, March 6th.

Insiders Place Their Bets

In other news, major shareholder Katherine S. Ngai-Pesic sold 25,000 shares of Silvaco Group stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $5.06, for a total value of $126,500.00. Following the transaction, the insider now directly owns 10,461,105 shares in the company, valued at approximately $52,933,191.30. The trade was a 0.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 38.40% of the company’s stock.

Institutional Trading of Silvaco Group

Several hedge funds have recently added to or reduced their stakes in SVCO. R Squared Ltd acquired a new position in shares of Silvaco Group during the fourth quarter worth approximately $25,000. New York State Common Retirement Fund acquired a new position in Silvaco Group during the 4th quarter valued at $81,000. Aristides Capital LLC acquired a new position in Silvaco Group during the 4th quarter valued at $86,000. Nebula Research & Development LLC bought a new stake in Silvaco Group in the 4th quarter valued at $113,000. Finally, XTX Topco Ltd acquired a new stake in Silvaco Group in the 4th quarter worth $197,000.

Silvaco Group Price Performance

NASDAQ SVCO opened at $5.32 on Friday. The stock has a market capitalization of $153.24 million and a PE ratio of -3.39. Silvaco Group has a 12-month low of $3.55 and a 12-month high of $21.59. The company has a 50 day moving average price of $4.94 and a two-hundred day moving average price of $6.82.

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.