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

Silvaco Group (NASDAQ:SVCO) had its price target cut by TD Cowen from $20.00 to $15.00 in a report published on Wednesday, Marketbeat Ratings reports. They currently have a buy rating on the stock.

Several other brokerages also recently weighed in on SVCO. Craig Hallum reduced their price objective on shares of Silvaco Group from $25.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. Needham & Company LLC reduced their price target on shares of Silvaco Group from $26.00 to $19.00 and set a “buy” rating for the company in a research report on Thursday, October 17th. B. Riley reiterated a “buy” rating and issued a $26.00 price target on shares of Silvaco Group in a research report on Thursday, September 19th. Finally, Rosenblatt Securities reduced their price target on shares of Silvaco Group from $26.00 to $18.00 and set a “buy” rating for the company in a research report on Thursday, October 17th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $20.00.

Silvaco Group Stock Up 9.1 %

NASDAQ SVCO opened at $7.56 on Wednesday. Silvaco Group has a 52 week low of $6.14 and a 52 week high of $21.59. The business’s 50 day moving average price is $10.84.

Hedge Funds Weigh In On Silvaco Group

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets acquired a new position in shares of Silvaco Group during the 3rd quarter worth $736,000. Charles Schwab Investment Management Inc. grew its stake in Silvaco Group by 57.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 44,468 shares of the company’s stock valued at $636,000 after acquiring an additional 16,222 shares during the last quarter. MeadowBrook Investment Advisors LLC grew its stake in Silvaco Group by 106.2% in the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 13,260 shares of the company’s stock valued at $190,000 after acquiring an additional 6,830 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Silvaco Group in the 2nd quarter valued at about $366,000. Finally, Ghisallo Capital Management LLC acquired a new stake in Silvaco Group in the 2nd quarter valued at about $899,000.

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.