Silvaco Group, Inc. (NASDAQ:SVCO) Receives Average Rating of "Buy" from Brokerages

Shares of Silvaco Group, Inc. (NASDAQ:SVCO - Get Free Report) have been given an average rating of "Buy" by the six research firms that are presently covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $17.00.

A number of research analysts have weighed in on SVCO shares. Rosenblatt Securities reduced their price target on shares of Silvaco Group from $18.00 to $14.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Needham & Company LLC reduced their price target on shares of Silvaco Group from $19.00 to $10.00 and set a "buy" rating on the stock in a research report on Monday, May 12th. Finally, TD Cowen reduced their price target on shares of Silvaco Group from $15.00 to $12.00 and set a "buy" rating on the stock in a research report on Thursday, March 6th.

Silvaco Group Stock Performance

Shares of SVCO stock opened at $4.73 on Wednesday. The firm has a market capitalization of $139.00 million and a price-to-earnings ratio of -2.05. Silvaco Group has a one year low of $3.55 and a one year high of $20.69. The company has a 50 day moving average price of $4.74 and a 200 day moving average price of $6.58.

Insider Activity

In other news, major shareholder Katherine S. Ngai-Pesic sold 25,000 shares of Silvaco Group stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $5.06, for a total transaction of $126,500.00. Following the sale, the insider now owns 10,461,105 shares in the company, valued at $52,933,191.30. This trade represents a 0.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Babak A. Taheri acquired 20,949 shares of the company's stock in a transaction dated Friday, May 16th. The shares were purchased at an average price of $4.93 per share, for a total transaction of $103,278.57. Following the purchase, the chief executive officer now directly owns 785,031 shares of the company's stock, valued at approximately $3,870,202.83. This trade represents a 2.74% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 38.40% of the company's stock.

Institutional Trading of Silvaco Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. R Squared Ltd bought a new stake in shares of Silvaco Group in the fourth quarter worth $25,000. SBI Securities Co. Ltd. bought a new stake in shares of Silvaco Group in the first quarter worth $30,000. Blair William & Co. IL bought a new stake in shares of Silvaco Group in the first quarter worth $46,000. Stoneridge Investment Partners LLC bought a new stake in shares of Silvaco Group in the first quarter worth $77,000. Finally, New York State Common Retirement Fund bought a new stake in shares of Silvaco Group in the fourth quarter worth $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.

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