Needham & Company LLC Has Lowered Expectations for Silvaco Group (NASDAQ:SVCO) Stock Price

Silvaco Group (NASDAQ:SVCO) had its target price decreased by investment analysts at Needham & Company LLC from $19.00 to $10.00 in a report issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Needham & Company LLC’s target price would suggest a potential upside of 123.71% from the stock’s current price.

Several other equities research analysts have also recently weighed in on SVCO. Rosenblatt Securities lowered their target price on Silvaco Group from $18.00 to $14.00 and set a “buy” rating for the company in a report on Thursday, May 8th. Craig Hallum dropped their price objective on shares of Silvaco Group from $17.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, January 15th. Finally, TD Cowen lowered their target price on Silvaco Group from $15.00 to $12.00 and set a “buy” rating for the company in a report on Thursday, March 6th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $17.00.

Silvaco Group Price Performance

Shares of SVCO stock opened at $4.47 on Monday. The company’s 50-day simple moving average is $4.74 and its two-hundred day simple moving average is $6.64. Silvaco Group has a one year low of $3.55 and a one year high of $20.69. The company has a market capitalization of $128.76 million and a P/E ratio of -1.94.

Insider Buying and Selling

In other Silvaco Group news, major shareholder Katherine S. Ngai-Pesic sold 25,000 shares of the stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $5.06, for a total value of $126,500.00. Following the completion of the sale, the insider now directly owns 10,461,105 shares in the company, valued at approximately $52,933,191.30. This trade represents a 0.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 38.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Silvaco Group

Several hedge funds have recently modified their holdings of the stock. Capital Research Global Investors increased its stake in 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 purchasing an additional 239,631 shares in the last quarter. Samjo Management LLC acquired a new stake in shares of Silvaco Group during the fourth quarter worth about $5,230,000. First Eagle Investment Management LLC boosted its position in Silvaco Group by 16.3% in the fourth quarter. First Eagle Investment Management LLC now owns 458,606 shares of the company’s stock valued at $3,706,000 after buying an additional 64,142 shares during the last quarter. Kennedy Capital Management LLC purchased a new position in Silvaco Group during the 4th quarter worth approximately $1,823,000. Finally, Geode Capital Management LLC lifted its stake in Silvaco Group by 16.8% during the 4th quarter. Geode Capital Management LLC now owns 165,192 shares of the company’s stock valued at $1,335,000 after acquiring an additional 23,806 shares during the period.

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.