Silvaco Group’s (SVCO) “Buy” Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities reaffirmed their buy rating on shares of Silvaco Group (NASDAQ:SVCO) in a research report released on Tuesday,Benzinga reports. They currently have a $12.00 price target on the stock.

SVCO has been the topic of a number of other reports. TD Cowen reduced their price objective on shares of Silvaco Group from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Friday, August 8th. Jefferies Financial Group raised Silvaco Group to a “strong-buy” rating in a research note on Tuesday, October 28th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Silvaco Group in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $11.25.

Silvaco Group Trading Down 9.1%

Shares of SVCO opened at $4.89 on Tuesday. The company’s fifty day simple moving average is $5.62 and its 200-day simple moving average is $5.04. The company has a market cap of $149.78 million, a P/E ratio of -4.53 and a beta of 3.18. Silvaco Group has a twelve month low of $3.55 and a twelve month high of $9.93.

Insider Transactions at Silvaco Group

In other Silvaco Group news, Director Anthony K.K. Ngai purchased 5,000 shares of Silvaco Group stock in a transaction dated Monday, September 8th. The stock was acquired at an average price of $5.30 per share, for a total transaction of $26,500.00. Following the acquisition, the director owned 74,077 shares in the company, valued at $392,608.10. This trade represents a 7.24% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Christopher John Zegarelli purchased 5,100 shares of the stock in a transaction dated Monday, September 15th. The stock was acquired at an average cost of $5.03 per share, with a total value of $25,653.00. Following the transaction, the chief financial officer directly owned 8,493 shares in the company, valued at approximately $42,719.79. This trade represents a 150.31% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders purchased 16,800 shares of company stock valued at $87,450. 38.40% of the stock is owned by insiders.

Institutional Trading of Silvaco Group

Hedge funds have recently bought and sold shares of the stock. SBI Securities Co. Ltd. purchased a new position in shares of Silvaco Group in the 1st quarter valued at $30,000. Federated Hermes Inc. grew its position in shares of Silvaco Group by 162.5% in the 1st quarter. Federated Hermes Inc. now owns 126,000 shares of the company’s stock worth $575,000 after buying an additional 78,000 shares during the last quarter. Blair William & Co. IL acquired a new stake in Silvaco Group in the first quarter valued at approximately $46,000. Charles Schwab Investment Management Inc. grew its holdings in Silvaco Group by 8.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 60,724 shares of the company’s stock worth $277,000 after purchasing an additional 4,667 shares during the last quarter. Finally, Stoneridge Investment Partners LLC acquired a new position in shares of Silvaco Group during the first quarter worth $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.