Silvaco Group, Inc. (NASDAQ:SVCO) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Silvaco Group, Inc. (NASDAQ:SVCO) have been assigned an average rating of “Buy” from the six research firms that are presently covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a buy rating. The average 12-month price target among brokerages that have covered the stock in the last year is $19.17.

Several analysts have weighed in on the company. Rosenblatt Securities reiterated a “buy” rating and set a $18.00 price target on shares of Silvaco Group in a research note on Thursday, March 6th. Needham & Company LLC reissued a “buy” rating and set a $19.00 price target on shares of Silvaco Group in a research report on Thursday, March 6th. Craig Hallum dropped their price objective on shares of Silvaco Group from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. Finally, TD Cowen reduced their target price on shares of Silvaco Group from $15.00 to $12.00 and set a “buy” rating for the company in a report on Thursday, March 6th.

Insider Activity at Silvaco Group

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 shares were sold at an average price of $5.06, for a total transaction of $126,500.00. Following the transaction, the insider now directly owns 10,461,105 shares of the company’s stock, valued at $52,933,191.30. This trade represents a 0.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 38.40% of the stock is owned by company insiders.

Institutional Trading of Silvaco Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Squarepoint Ops LLC raised its holdings in shares of Silvaco Group by 4.8% during the fourth quarter. Squarepoint Ops LLC now owns 36,151 shares of the company’s stock valued at $292,000 after acquiring an additional 1,651 shares during the last quarter. R Squared Ltd purchased a new stake in shares of Silvaco Group during the fourth quarter worth approximately $25,000. Marshall Wace LLP raised its stake in Silvaco Group by 15.1% in the 4th quarter. Marshall Wace LLP now owns 52,104 shares of the company’s stock valued at $421,000 after purchasing an additional 6,824 shares during the last quarter. New York State Common Retirement Fund purchased a new position in Silvaco Group in the 4th quarter valued at $81,000. Finally, BNP Paribas Financial Markets boosted its stake in Silvaco Group by 19.9% during the 4th quarter. BNP Paribas Financial Markets now owns 61,682 shares of the company’s stock worth $498,000 after purchasing an additional 10,240 shares during the last quarter.

Silvaco Group Price Performance

NASDAQ SVCO opened at $5.18 on Friday. The company has a market cap of $149.21 million and a price-to-earnings ratio of -3.30. The stock’s fifty day moving average price is $5.03 and its 200 day moving average price is $6.96. 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.