Silvaco Group’s (SVCO) Buy Rating Reiterated at Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of Silvaco Group (NASDAQ:SVCO) in a research report report published on Wednesday,Benzinga reports. Needham & Company LLC currently has a $19.00 price objective on the stock.

Several other research analysts have also issued reports on SVCO. B. Riley restated a “buy” rating and set a $26.00 price target on shares of Silvaco Group in a report on Thursday, September 19th. Rosenblatt Securities lowered their target price on shares of Silvaco Group from $26.00 to $18.00 and set a “buy” rating for the company in a research note on Thursday, October 17th. TD Cowen cut their price target on shares of Silvaco Group from $20.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Craig Hallum lowered their price objective on Silvaco Group from $25.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $20.00.

Silvaco Group Stock Down 3.3 %

Shares of SVCO stock opened at $7.39 on Wednesday. Silvaco Group has a 1-year low of $6.14 and a 1-year high of $21.59. The company has a 50-day moving average of $10.57.

Insider Buying and Selling at Silvaco Group

In other Silvaco Group news, insider Eric Guichard sold 25,000 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $7.19, for a total value of $179,750.00. Following the transaction, the insider now owns 57,902 shares in the company, valued at approximately $416,315.38. This represents a 30.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Trading of Silvaco Group

Several hedge funds have recently bought and sold shares of SVCO. Allspring Global Investments Holdings LLC acquired a new position in Silvaco Group during the second quarter worth $3,485,000. Ovata Capital Management Ltd bought a new stake in shares of Silvaco Group during the second quarter worth about $1,618,000. Federated Hermes Inc. acquired a new stake in shares of Silvaco Group in the 2nd quarter worth about $216,000. First Eagle Investment Management LLC acquired a new stake in shares of Silvaco Group in the 2nd quarter worth about $3,469,000. Finally, XTX Topco Ltd bought a new position in Silvaco Group in the 2nd quarter valued at about $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.