Silvaco Group, Inc. (NASDAQ:SVCO) Receives $17.00 Average Target Price from Brokerages

Silvaco Group, Inc. (NASDAQ:SVCO - Get Free Report) has earned a consensus recommendation of "Buy" from the six brokerages that are currently covering the stock, Marketbeat reports. Six research analysts have rated the stock with a buy rating. The average 1 year price target among analysts that have issued a report on the stock in the last year is $17.00.

Several brokerages recently commented on SVCO. TD Cowen reduced their price objective on shares of Silvaco Group from $15.00 to $12.00 and set a "buy" rating for the company in a research note on Thursday, March 6th. Rosenblatt Securities decreased their price target on Silvaco Group from $18.00 to $14.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Finally, Needham & Company LLC lowered their price target on Silvaco Group from $19.00 to $10.00 and set a "buy" rating on the stock in a report on Monday, May 12th.

Silvaco Group Stock Performance

Silvaco Group stock traded down $0.16 during midday trading on Wednesday, reaching $4.46. The company's stock had a trading volume of 74,581 shares, compared to its average volume of 281,665. Silvaco Group has a fifty-two week low of $3.55 and a fifty-two week high of $20.69. The stock's 50 day simple moving average is $4.70 and its 200 day simple moving average is $6.52. The firm has a market capitalization of $131.06 million and a PE ratio of -1.93.

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 on Friday, March 14th. The stock was 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 approximately $52,933,191.30. This represents a 0.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Babak A. Taheri purchased 20,949 shares of the business's stock in a transaction dated Friday, May 16th. The stock was bought at an average cost of $4.93 per share, with a total value of $103,278.57. Following the completion of the acquisition, the chief executive officer now owns 785,031 shares of the company's stock, valued at approximately $3,870,202.83. The trade was a 2.74% increase in their ownership of the stock. The disclosure for this purchase can be found here. 38.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Silvaco Group

Hedge funds have recently modified their holdings of the company. R Squared Ltd purchased a new position in shares of Silvaco Group during the fourth quarter valued at approximately $25,000. SBI Securities Co. Ltd. acquired a new position in Silvaco Group in the 1st quarter valued at $30,000. Blair William & Co. IL acquired a new stake in shares of Silvaco Group during the first quarter worth $46,000. Stoneridge Investment Partners LLC purchased a new stake in shares of Silvaco Group in the first quarter valued at $77,000. Finally, New York State Common Retirement Fund acquired a new position in Silvaco Group in the fourth quarter valued at $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.