Rosenblatt Securities Reiterates “Buy” Rating for Silvaco Group (NASDAQ:SVCO)

Silvaco Group (NASDAQ:SVCO)‘s stock had its “buy” rating reaffirmed by equities researchers at Rosenblatt Securities in a research note issued to investors on Thursday,Benzinga reports. They presently have a $18.00 price objective on the stock. Rosenblatt Securities’ price target indicates a potential upside of 194.60% from the stock’s previous close.

A number of other brokerages have also issued reports on SVCO. Craig Hallum cut their price target on shares of Silvaco Group from $17.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, January 15th. Needham & Company LLC reaffirmed a “buy” rating and set a $19.00 target price on shares of Silvaco Group in a research note on Thursday. Finally, TD Cowen decreased their price target on shares of Silvaco Group from $15.00 to $12.00 and set a “buy” rating for the company in a research report on Thursday. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $19.17.

Silvaco Group Trading Up 4.3 %

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

Institutional Investors Weigh In On Silvaco Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. MeadowBrook Investment Advisors LLC grew its holdings in shares of Silvaco Group by 106.2% during the third quarter. MeadowBrook Investment Advisors LLC now owns 13,260 shares of the company’s stock worth $190,000 after purchasing an additional 6,830 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Silvaco Group by 57.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 44,468 shares of the company’s stock worth $636,000 after buying an additional 16,222 shares during the last quarter. BNP Paribas Financial Markets purchased a new position in Silvaco Group during the 3rd quarter worth approximately $736,000. Verition Fund Management LLC acquired a new position in Silvaco Group during the third quarter worth approximately $217,000. Finally, Centiva Capital LP purchased a new stake in Silvaco Group in the third quarter valued at approximately $145,000.

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.