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

Shares of Silvaco Group, Inc. (NASDAQ:SVCO) have earned a consensus recommendation of “Buy” from the six ratings firms that are covering the company, MarketBeat reports. Six investment analysts have rated the stock with a buy rating. The average 1-year target price among brokers that have covered the stock in the last year is $19.17.

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

Insiders Place Their Bets

In other Silvaco Group 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 transaction of $126,500.00. Following the transaction, the insider now owns 10,461,105 shares of the company’s stock, valued at $52,933,191.30. The trade was a 0.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 38.40% of the company’s stock.

Institutional Trading of Silvaco Group

A number of hedge funds have recently made changes to their positions in the stock. Samjo Management LLC acquired a new position in Silvaco Group in the 4th quarter valued at approximately $5,230,000. Capital Research Global Investors grew its holdings in shares of Silvaco Group by 19.9% during the 4th quarter. Capital Research Global Investors now owns 1,442,516 shares of the company’s stock valued at $11,656,000 after acquiring an additional 239,631 shares in the last quarter. Kennedy Capital Management LLC acquired a new position in shares of Silvaco Group in the fourth quarter worth $1,823,000. JPMorgan Chase & Co. purchased a new stake in shares of Silvaco Group during the third quarter worth $1,565,000. Finally, Werba Rubin Papier Wealth Management acquired a new stake in Silvaco Group during the fourth quarter valued at $808,000.

Silvaco Group Price Performance

Shares of SVCO opened at $5.32 on Friday. The firm’s 50 day moving average is $4.94 and its 200-day moving average is $6.82. Silvaco Group has a 12-month low of $3.55 and a 12-month high of $21.59. The stock has a market capitalization of $153.24 million and a P/E ratio of -3.39.

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.