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

Rosenblatt Securities reaffirmed their buy rating on shares of Silvaco Group (NASDAQ:SVCO) in a report published on Wednesday,Benzinga reports. Rosenblatt Securities currently has a $18.00 price target on the stock.

Several other analysts also recently weighed in on the company. Needham & Company LLC reiterated a “buy” rating and set a $19.00 target price on shares of Silvaco Group in a research report on Wednesday, November 13th. Craig Hallum decreased their target price on Silvaco Group from $25.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. TD Cowen decreased their target price on Silvaco Group from $20.00 to $15.00 and set a “buy” rating for the company in a research report on Wednesday, November 13th. Finally, B. Riley reiterated a “buy” rating and set a $26.00 target price on shares of Silvaco Group in a research report on Thursday, September 19th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $19.67.

Silvaco Group Trading Up 2.6 %

NASDAQ:SVCO opened at $8.22 on Wednesday. Silvaco Group has a twelve month low of $6.14 and a twelve month high of $21.59. The stock has a fifty day simple moving average of $7.94 and a 200-day simple moving average of $12.12.

Insider Activity at Silvaco Group

In related news, insider Eric Guichard sold 25,000 shares of Silvaco Group stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $7.19, for a total value of $179,750.00. Following the completion of the sale, the insider now directly owns 57,902 shares in the company, valued at $416,315.38. The trade was a 30.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Hedge Funds Weigh In On Silvaco Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Centiva Capital LP purchased a new position in Silvaco Group in the third quarter valued at about $145,000. Y Intercept Hong Kong Ltd purchased a new position in Silvaco Group in the third quarter valued at about $173,000. MeadowBrook Investment Advisors LLC grew its stake in Silvaco Group by 106.2% in the third quarter. MeadowBrook Investment Advisors LLC now owns 13,260 shares of the company’s stock valued at $190,000 after purchasing an additional 6,830 shares during the last quarter. Federated Hermes Inc. purchased a new position in Silvaco Group in the second quarter valued at about $216,000. Finally, Virtu Financial LLC purchased a new position in Silvaco Group in the third quarter valued at about $216,000.

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.