Silvaco Group’s (SVCO) Buy Rating Reaffirmed at Needham & Company LLC

Silvaco Group (NASDAQ:SVCO)‘s stock had its “buy” rating reiterated by Needham & Company LLC in a report issued on Thursday,Benzinga reports. They presently have a $19.00 price objective on the stock. Needham & Company LLC’s price objective would suggest a potential upside of 210.97% from the stock’s previous close.

SVCO has been the subject of several other research reports. Rosenblatt Securities restated a “buy” rating and set a $18.00 price target on shares of Silvaco Group in a report on Wednesday, January 15th. TD Cowen decreased their price target on Silvaco Group from $15.00 to $12.00 and set a “buy” rating for the company in a report on Thursday. Finally, Craig Hallum cut their target price on Silvaco Group from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $19.17.

Silvaco Group Price Performance

Shares of SVCO stock opened at $6.11 on Thursday. Silvaco Group has a 1-year low of $5.75 and a 1-year high of $21.59. The stock has a 50-day moving average of $7.70 and a 200-day moving average of $9.61.

Hedge Funds Weigh In On Silvaco Group

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Squarepoint Ops LLC increased its position in Silvaco Group by 4.8% in the 4th quarter. Squarepoint Ops LLC now owns 36,151 shares of the company’s stock valued at $292,000 after buying an additional 1,651 shares in the last quarter. BNP Paribas Financial Markets grew its stake in Silvaco Group by 19.9% in the fourth quarter. BNP Paribas Financial Markets now owns 61,682 shares of the company’s stock valued at $498,000 after acquiring an additional 10,240 shares during the period. Nebula Research & Development LLC bought a new stake in shares of Silvaco Group during the fourth quarter valued at approximately $113,000. Capital Research Global Investors raised its position in shares of Silvaco Group by 19.9% during the fourth quarter. Capital Research Global Investors now owns 1,442,516 shares of the company’s stock worth $11,656,000 after purchasing an additional 239,631 shares during the period. Finally, Marshall Wace LLP lifted its holdings in shares of Silvaco Group by 15.1% in the 4th quarter. Marshall Wace LLP now owns 52,104 shares of the company’s stock worth $421,000 after purchasing an additional 6,824 shares in the last quarter.

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.