Silvaco Group (NASDAQ:SVCO) Price Target Cut to $8.00 by Analysts at TD Cowen

Key Points

• TD Cowen has reduced its price target for Silvaco Group from $10.00 to $8.00, while maintaining a "buy" rating, suggesting a potential upside of 92.31% from the current price.
• Other analysts, including Rosenblatt Securities and Needham & Company, have also lowered their price targets, indicating a trend among analysts to adjust expectations for the company's stock.
• Silvaco Group's CEO recently purchased shares in the company, increasing his ownership stake, which may reflect confidence in the company's future performance.

Silvaco Group (NASDAQ:SVCO - Free Report) had its price objective decreased by TD Cowen from $10.00 to $8.00 in a research report released on Friday, Marketbeat.com reports. TD Cowen currently has a buy rating on the stock.

Other analysts have also issued reports about the stock. Needham & Company LLC reduced their price target on shares of Silvaco Group from $19.00 to $10.00 and set a "buy" rating for the company in a research note on Monday, May 12th. Rosenblatt Securities reduced their price target on shares of Silvaco Group from $14.00 to $12.00 and set a "buy" rating for the company in a research note on Thursday, August 7th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $14.20.

Silvaco Group Trading Up 5.9%

NASDAQ:SVCO traded up $0.25 on Friday, reaching $4.40. 124,938 shares of the stock traded hands, compared to its average volume of 133,806. The company has a market capitalization of $133.55 million, a price-to-earnings ratio of -4.06 and a beta of 3.04. Silvaco Group has a 12 month low of $3.55 and a 12 month high of $17.01. The company's fifty day simple moving average is $4.70 and its 200 day simple moving average is $5.21.

Insider Activity at Silvaco Group

In other news, major shareholder Katherine S. Ngai-Pesic sold 15,000 shares of the business's stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $4.91, for a total value of $73,650.00. Following the transaction, the insider owned 10,477,355 shares of the company's stock, valued at approximately $51,443,813.05. The trade was a 0.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Babak A. Taheri bought 20,949 shares of the stock in a transaction dated Friday, May 16th. The stock was bought at an average cost of $4.93 per share, for a total transaction of $103,278.57. Following the acquisition, the chief executive officer directly owned 785,031 shares of the company's stock, valued at approximately $3,870,202.83. This represents a 2.74% increase in their position. The disclosure for this purchase can be found here. Insiders own 38.40% of the company's stock.

Hedge Funds Weigh In On Silvaco Group

Hedge funds have recently modified their holdings of the stock. Capital Research Global Investors lifted its holdings in shares of Silvaco Group by 19.9% in the fourth quarter. Capital Research Global Investors now owns 1,442,516 shares of the company's stock worth $11,656,000 after buying an additional 239,631 shares in the last quarter. American Century Companies Inc. purchased a new stake in Silvaco Group during the fourth quarter valued at $262,000. BNP Paribas Financial Markets raised its stake in Silvaco Group by 19.9% during the fourth quarter. BNP Paribas Financial Markets now owns 61,682 shares of the company's stock valued at $498,000 after purchasing an additional 10,240 shares in the last quarter. Federated Hermes Inc. raised its stake in Silvaco Group by 300.0% during the fourth quarter. Federated Hermes Inc. now owns 48,000 shares of the company's stock valued at $388,000 after purchasing an additional 36,000 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Silvaco Group by 16.8% during the fourth quarter. Geode Capital Management LLC now owns 165,192 shares of the company's stock valued at $1,335,000 after purchasing an additional 23,806 shares in the last quarter.

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.