Silvaco Group (NASDAQ:SVCO) Price Target Lowered to $15.00 at TD Cowen

Silvaco Group (NASDAQ:SVCO) had its target price decreased by TD Cowen from $20.00 to $15.00 in a research note released on Wednesday morning, MarketBeat Ratings reports. TD Cowen currently has a buy rating on the stock.

Several other research firms also recently weighed in on SVCO. Needham & Company LLC decreased their price target on shares of Silvaco Group from $26.00 to $19.00 and set a “buy” rating on the stock in a research note on Thursday, October 17th. Rosenblatt Securities reduced their target price on shares of Silvaco Group from $26.00 to $18.00 and set a “buy” rating on the stock in a research note on Thursday, October 17th. B. Riley reaffirmed a “buy” rating and set a $26.00 target price on shares of Silvaco Group in a research note on Thursday, September 19th. Finally, Craig Hallum reduced their target price on shares of Silvaco Group from $25.00 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Silvaco Group has a consensus rating of “Buy” and a consensus price target of $20.00.

Silvaco Group Trading Up 9.1 %

NASDAQ:SVCO opened at $7.56 on Wednesday. The stock has a 50-day simple moving average of $10.84. Silvaco Group has a twelve month low of $6.14 and a twelve month high of $21.59.

Institutional Investors Weigh In On Silvaco Group

Institutional investors have recently made changes to their positions in the stock. Federated Hermes Inc. acquired a new stake in shares of Silvaco Group during the second quarter valued at about $216,000. Point72 DIFC Ltd acquired a new position in shares of Silvaco Group in the second quarter valued at approximately $235,000. MeadowBrook Investment Advisors LLC grew its holdings in shares of 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 in the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Silvaco Group in the second quarter valued at approximately $366,000. Finally, XTX Topco Ltd acquired a new position in shares of Silvaco Group in the second quarter valued at approximately $402,000.

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.