Analysts Set Silvaco Group, Inc. (NASDAQ:SVCO) Target Price at $19.17

Shares of Silvaco Group, Inc. (NASDAQ:SVCO) have received a consensus recommendation of “Buy” from the six research firms that are currently covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a buy rating. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $19.17.

SVCO has been the topic of several research analyst reports. TD Cowen dropped their price objective on shares of Silvaco Group from $15.00 to $12.00 and set a “buy” rating on the stock in a research report on Thursday, March 6th. Needham & Company LLC restated a “buy” rating and set a $19.00 price objective on shares of Silvaco Group in a research report on Thursday, March 6th. Rosenblatt Securities restated a “buy” rating and set a $18.00 price objective on shares of Silvaco Group in a report on Thursday, March 6th. Finally, Craig Hallum lowered their target price on Silvaco Group from $17.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, January 15th.

Insiders Place Their Bets

In other Silvaco Group news, major shareholder Katherine S. Ngai-Pesic sold 25,000 shares of the firm’s stock in a transaction dated Friday, March 14th. The shares were 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 of the company’s stock, valued at $52,933,191.30. This trade represents a 0.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Institutional Trading of Silvaco Group

A number of institutional investors and hedge funds have recently made changes to their positions in SVCO. Charles Schwab Investment Management Inc. boosted its stake in Silvaco Group by 57.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 44,468 shares of the company’s stock valued at $636,000 after buying an additional 16,222 shares in the last quarter. BNP Paribas Financial Markets bought a new position in Silvaco Group in the 3rd quarter valued at approximately $736,000. Verition Fund Management LLC acquired a new stake in Silvaco Group in the third quarter valued at approximately $217,000. Centiva Capital LP bought a new stake in shares of Silvaco Group during the third quarter worth $145,000. Finally, State Street Corp increased its holdings in shares of Silvaco Group by 205.3% during the third quarter. State Street Corp now owns 68,377 shares of the company’s stock worth $978,000 after buying an additional 45,977 shares in the last quarter.

Silvaco Group Trading Down 4.7 %

Shares of NASDAQ SVCO opened at $4.24 on Tuesday. The stock has a 50 day moving average of $6.20 and a 200-day moving average of $8.00. Silvaco Group has a 12 month low of $4.05 and a 12 month high of $21.59. The company has a market capitalization of $121.57 million and a P/E ratio of -2.70.

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.