Analysts Set Silvaco Group, Inc. (NASDAQ:SVCO) PT at $19.17

Shares of Silvaco Group, Inc. (NASDAQ:SVCO - Get Free Report) have earned an average rating of "Buy" from the six brokerages that are presently covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a buy rating. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $19.17.

SVCO has been the topic of several recent analyst reports. Rosenblatt Securities restated a "buy" rating and set a $18.00 price objective on shares of Silvaco Group in a report on Thursday, March 6th. Craig Hallum lowered their price objective on shares of Silvaco Group from $17.00 to $15.00 and set a "buy" rating for the company in a research report on Wednesday, January 15th. TD Cowen reduced their price target on Silvaco Group from $15.00 to $12.00 and set a "buy" rating for the company in a research report on Thursday, March 6th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $19.00 price objective on shares of Silvaco Group in a research report on Thursday, March 6th.

Insider Buying and Selling at Silvaco Group

In other news, major shareholder Katherine S. Ngai-Pesic sold 25,000 shares of the business's stock in a transaction dated 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 transaction, the insider now owns 10,461,105 shares of the company's stock, 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 SEC, which is available through the SEC website. 38.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Silvaco Group

Several institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. acquired a new position in Silvaco Group during the third quarter worth $1,565,000. Barclays PLC acquired a new position in Silvaco Group during the 3rd quarter worth approximately $298,000. Geode Capital Management LLC boosted its holdings in Silvaco Group by 111.8% in the third 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. Charles Schwab Investment Management Inc. raised its stake in shares of Silvaco Group by 26.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 56,057 shares of the company's stock valued at $453,000 after purchasing an additional 11,589 shares in the last quarter. Finally, New York State Common Retirement Fund bought a new stake in Silvaco Group during the fourth quarter valued at $81,000.

Silvaco Group Stock Up 2.3 %

Shares of SVCO stock traded up $0.12 during trading hours on Friday, hitting $5.44. 26,239 shares of the company were exchanged, compared to its average volume of 303,956. The firm has a market cap of $156.70 million and a PE ratio of -3.47. The firm has a fifty day moving average of $4.94 and a 200 day moving average of $6.82. Silvaco Group has a 1 year low of $3.55 and a 1 year high of $21.59.

About Silvaco Group

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.