Rosenblatt Securities Lowers Silvaco Group (NASDAQ:SVCO) Price Target to $12.00

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 stock analysts at Rosenblatt Securities from $14.00 to $12.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a "buy" rating on the stock. Rosenblatt Securities' price target indicates a potential upside of 190.91% from the stock's current price.

Separately, Needham & Company LLC decreased their price target on shares of Silvaco Group from $19.00 to $10.00 and set a "buy" rating on the stock in a report on Monday, May 12th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $14.20.

Silvaco Group Trading Up 2.9%

Shares of SVCO stock traded up $0.12 during trading on Thursday, reaching $4.13. 39,974 shares of the company's stock traded hands, compared to its average volume of 133,526. The company has a market capitalization of $125.32 million, a P/E ratio of -3.83 and a beta of 3.04. The firm's 50-day moving average is $4.71 and its 200 day moving average is $5.25. Silvaco Group has a 1 year low of $3.55 and a 1 year high of $17.01.

Insider Activity at Silvaco Group

In related news, major shareholder Katherine S. Ngai-Pesic sold 15,000 shares of the business's stock in a transaction that occurred 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 completion of the sale, the insider directly owned 10,477,355 shares in the company, valued at approximately $51,443,813.05. The trade was a 0.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Babak A. Taheri acquired 20,949 shares of Silvaco Group stock in a transaction dated Friday, May 16th. The stock was purchased at an average cost of $4.93 per share, with a total value of $103,278.57. Following the completion of the purchase, the chief executive officer owned 785,031 shares of the company's stock, valued at approximately $3,870,202.83. This represents 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 owned by insiders.

Institutional Trading of Silvaco Group

A number of institutional investors have recently modified their holdings of SVCO. American Century Companies Inc. purchased a new position in Silvaco Group during the 4th quarter worth approximately $262,000. Geode Capital Management LLC boosted its position in shares of Silvaco Group by 16.8% during the 4th quarter. Geode Capital Management LLC now owns 165,192 shares of the company's stock valued at $1,335,000 after acquiring an additional 23,806 shares during the last quarter. Federated Hermes Inc. boosted its position in shares of Silvaco Group by 300.0% during the 4th quarter. Federated Hermes Inc. now owns 48,000 shares of the company's stock valued at $388,000 after acquiring an additional 36,000 shares during the last quarter. Kennedy Capital Management LLC acquired a new position in shares of Silvaco Group during the 4th quarter valued at about $1,823,000. Finally, XTX Topco Ltd acquired a new position in Silvaco Group in the fourth quarter valued at about $197,000.

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.