Silvaco Group’s (SVCO) Buy Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of Silvaco Group (NASDAQ:SVCO) in a report issued on Wednesday,Benzinga reports. Needham & Company LLC currently has a $19.00 price target on the stock.

Other equities analysts also recently issued reports about the stock. Craig Hallum cut their price target on shares of Silvaco Group from $25.00 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. B. Riley reiterated a “buy” rating and issued a $26.00 target price on shares of Silvaco Group in a research note on Thursday, September 19th. Rosenblatt Securities decreased their price target on shares of Silvaco Group from $26.00 to $18.00 and set a “buy” rating for the company in a research note on Thursday, October 17th. Finally, TD Cowen dropped their price objective on Silvaco Group from $20.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $20.00.

Silvaco Group Stock Performance

SVCO stock opened at $7.39 on Wednesday. The stock has a fifty day simple moving average of $10.57. Silvaco Group has a 1-year low of $6.14 and a 1-year high of $21.59.

Insider Transactions at Silvaco Group

In related news, insider Eric Guichard sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $7.19, for a total value of $179,750.00. Following the completion of the transaction, the insider now directly owns 57,902 shares of the company’s stock, valued at approximately $416,315.38. This trade represents a 30.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Investors Weigh In On Silvaco Group

Several institutional investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC purchased a new position in Silvaco Group during the 2nd quarter valued at about $3,485,000. Ovata Capital Management Ltd bought a new position in shares of Silvaco Group in the 2nd quarter worth $1,618,000. Federated Hermes Inc. purchased a new stake in Silvaco Group during the second quarter valued at about $216,000. First Eagle Investment Management LLC purchased a new position in shares of Silvaco Group during the 2nd quarter valued at about $3,469,000. Finally, XTX Topco Ltd bought a new stake in shares of Silvaco Group in the 2nd quarter worth approximately $402,000.

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.