Silvaco Group (NASDAQ:SVCO) Given New $12.00 Price Target at Rosenblatt Securities

Key Points

• Rosenblatt Securities has reduced its price target for Silvaco Group (NASDAQ:SVCO) from $14.00 to $12.00, while maintaining a "buy" rating, indicating a potential upside of 146.41% from the current price.
• Needham & Company LLC also lowered their target on the stock from $19.00 to $10.00, but still issued a "buy" rating, reflecting a consensus of strong interest in the stock.
• Silvaco Group's shares opened at $4.87, with a market cap of $143.11 million and a one-year price range between $3.55 and $17.01.

Silvaco Group (NASDAQ:SVCO - Get Free Report) had its price objective reduced by Rosenblatt Securities from $14.00 to $12.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Rosenblatt Securities' price objective indicates a potential upside of 199.25% from the company's current price.

Separately, Needham & Company LLC dropped 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. Five analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $14.20.

Silvaco Group Stock Down 3.6%

Shares of NASDAQ:SVCO traded down $0.15 during midday trading on Thursday, reaching $4.01. The company's stock had a trading volume of 106,691 shares, compared to its average volume of 95,855. The firm has a market capitalization of $121.82 million, a PE ratio of -3.71 and a beta of 3.04. Silvaco Group has a twelve month low of $3.55 and a twelve month high of $17.01. The stock has a fifty day moving average of $4.71 and a 200 day moving average of $5.31.

Insider Buying and Selling at Silvaco Group

In related news, major shareholder Katherine S. Ngai-Pesic sold 15,000 shares of the firm's stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $4.91, for a total transaction of $73,650.00. Following the sale, the insider owned 10,477,355 shares in the company, valued at approximately $51,443,813.05. This trade represents 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 purchased 20,949 shares of the company's stock in a transaction that occurred on 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 transaction, the chief executive officer owned 785,031 shares of the company's stock, valued at $3,870,202.83. This trade represents a 2.74% increase in their position. The disclosure for this purchase can be found here. 38.40% of the stock is currently owned by company insiders.

Institutional Trading of Silvaco Group

Institutional investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC grew its position in shares of Silvaco Group by 4,961.5% in the second quarter. Nisa Investment Advisors LLC now owns 5,264 shares of the company's stock valued at $25,000 after purchasing an additional 5,160 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of Silvaco Group in the first quarter valued at about $30,000. Blair William & Co. IL acquired a new stake in shares of Silvaco Group in the first quarter valued at about $46,000. Strs Ohio acquired a new stake in shares of Silvaco Group in the first quarter valued at about $50,000. Finally, Stoneridge Investment Partners LLC acquired a new stake in shares of Silvaco Group in the first quarter valued at about $77,000.

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.