Rosenblatt Securities Lowers Silvaco Group (NASDAQ:SVCO) Price Target to $14.00

Silvaco Group (NASDAQ:SVCO - Get Free Report) had its price target decreased by analysts at Rosenblatt Securities from $18.00 to $14.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Rosenblatt Securities' price target would suggest a potential upside of 218.91% from the stock's current price.

Several other brokerages have also issued reports on SVCO. Needham & Company LLC reissued a "buy" rating and set a $19.00 target price on shares of Silvaco Group in a research note on Thursday, March 6th. TD Cowen lowered 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, Craig Hallum decreased their price target on shares of Silvaco Group from $17.00 to $15.00 and set a "buy" rating for the company in a research note on Wednesday, January 15th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $18.50.

Silvaco Group Stock Performance

Shares of NASDAQ:SVCO traded up $0.31 during midday trading on Thursday, reaching $4.39. The company's stock had a trading volume of 216,300 shares, compared to its average volume of 283,533. The firm has a 50 day moving average price of $4.78 and a two-hundred day moving average price of $6.67. Silvaco Group has a fifty-two week low of $3.55 and a fifty-two week high of $20.69. The firm has a market capitalization of $126.45 million and a price-to-earnings ratio of -1.90.

Insiders Place Their Bets

In other news, major shareholder Katherine S. Ngai-Pesic sold 25,000 shares of the business's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $5.06, for a total value of $126,500.00. Following the transaction, the insider now owns 10,461,105 shares in the company, valued at $52,933,191.30. The trade was a 0.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 38.40% of the company's stock.

Institutional Trading of Silvaco Group

Hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC increased its position in shares of Silvaco Group by 111.8% during the 3rd quarter. Geode Capital Management LLC now owns 141,386 shares of the company's stock valued at $2,022,000 after purchasing an additional 74,644 shares during the last quarter. Barclays PLC bought a new position in Silvaco Group during the third quarter valued at about $298,000. JPMorgan Chase & Co. purchased a new stake in Silvaco Group during the third quarter worth about $1,565,000. R Squared Ltd bought a new stake in Silvaco Group in the fourth quarter worth about $25,000. Finally, New York State Common Retirement Fund purchased a new position in Silvaco Group in the fourth quarter valued at about $81,000.

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.