TD Cowen Cuts Silvaco Group (NASDAQ:SVCO) Price Target to $15.00

Silvaco Group (NASDAQ:SVCO) had its price target cut by TD Cowen from $20.00 to $15.00 in a research report released on Wednesday, Marketbeat Ratings reports. They currently have a buy rating on the stock.

SVCO has been the subject of several other reports. Craig Hallum reduced their price objective on Silvaco Group from $25.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. Needham & Company LLC decreased their price objective on shares of Silvaco Group from $26.00 to $19.00 and set a “buy” rating for the company in a report on Thursday, October 17th. B. Riley restated a “buy” rating and issued a $26.00 target price on shares of Silvaco Group in a report on Thursday, September 19th. Finally, Rosenblatt Securities cut their target price on shares of Silvaco Group from $26.00 to $18.00 and set a “buy” rating for the company in a research report on Thursday, October 17th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $20.00.

Silvaco Group Trading Down 3.3 %

Shares of SVCO opened at $7.39 on Wednesday. Silvaco Group has a 12 month low of $6.14 and a 12 month high of $21.59. The company’s fifty day simple moving average is $10.57.

Insider Buying and Selling

In other Silvaco Group news, insider Eric Guichard sold 25,000 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $7.19, for a total value of $179,750.00. Following the transaction, the insider now directly owns 57,902 shares in the company, valued at approximately $416,315.38. This trade represents a 30.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Investors Weigh In On Silvaco Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Centiva Capital LP bought a new stake in Silvaco Group during the third quarter valued at about $145,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Silvaco Group during the 3rd quarter valued at about $173,000. MeadowBrook Investment Advisors LLC grew its stake in shares of Silvaco Group by 106.2% during the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 13,260 shares of the company’s stock valued at $190,000 after acquiring an additional 6,830 shares during the period. Federated Hermes Inc. purchased a new stake in Silvaco Group in the 2nd quarter worth approximately $216,000. Finally, Verition Fund Management LLC bought a new stake in Silvaco Group during the 3rd quarter worth approximately $217,000.

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.