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

Silvaco Group (NASDAQ:SVCO - Get Free Report) had its price target reduced by analysts at Rosenblatt Securities from $18.00 to $14.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a "buy" rating on the stock. Rosenblatt Securities' price target indicates a potential upside of 218.18% from the stock's previous close.

SVCO has been the subject of several other reports. TD Cowen dropped their price objective on Silvaco Group from $15.00 to $12.00 and set a "buy" rating for the company in a report on Thursday, March 6th. Craig Hallum reduced their price target on Silvaco Group from $17.00 to $15.00 and set a "buy" rating for the company in a research report on Wednesday, January 15th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $19.00 price objective on shares of Silvaco Group in a report on Thursday, March 6th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $17.00.

Silvaco Group Stock Performance

Shares of NASDAQ:SVCO traded up $0.03 on Thursday, hitting $4.40. The stock had a trading volume of 48,991 shares, compared to its average volume of 282,142. The firm's 50 day moving average price is $4.75 and its 200-day moving average price is $6.66. Silvaco Group has a twelve month low of $3.55 and a twelve month high of $20.69. The company has a market capitalization of $126.74 million and a price-to-earnings ratio of -1.90.

Insiders Place Their Bets

In other Silvaco Group news, major shareholder Katherine S. Ngai-Pesic sold 25,000 shares of the 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 completion of the sale, the insider now owns 10,461,105 shares in the company, valued at approximately $52,933,191.30. This trade represents a 0.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 38.40% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its position in Silvaco Group by 8.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 60,724 shares of the company's stock valued at $277,000 after buying an additional 4,667 shares in the last quarter. Blair William & Co. IL bought a new stake in shares of Silvaco Group in the 1st quarter worth $46,000. Federated Hermes Inc. increased its holdings in shares of Silvaco Group by 162.5% in the 1st quarter. Federated Hermes Inc. now owns 126,000 shares of the company's stock worth $575,000 after purchasing an additional 78,000 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Silvaco Group in the 1st quarter worth $30,000. Finally, Squarepoint Ops LLC increased its holdings in shares of Silvaco Group by 4.8% in the 4th quarter. Squarepoint Ops LLC now owns 36,151 shares of the company's stock worth $292,000 after purchasing an additional 1,651 shares in the last quarter.

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.