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

Silvaco Group (NASDAQ:SVCO) had its target price trimmed by TD Cowen from $20.00 to $15.00 in a research note published on Wednesday morning, MarketBeat.com reports. The brokerage currently has a buy rating on the stock.

Other equities analysts also recently issued research reports about the stock. Needham & Company LLC lowered their target price on shares of Silvaco Group from $26.00 to $19.00 and set a “buy” rating on the stock in a report on Thursday, October 17th. Rosenblatt Securities decreased their price target on shares of Silvaco Group from $26.00 to $18.00 and set a “buy” rating on the stock in a research note on Thursday, October 17th. B. Riley restated a “buy” rating and set a $26.00 price objective on shares of Silvaco Group in a research report on Thursday, September 19th. Finally, Craig Hallum reduced their target price on Silvaco Group from $25.00 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Silvaco Group currently has an average rating of “Buy” and an average target price of $20.00.

Silvaco Group Stock Performance

Shares of SVCO opened at $7.39 on Wednesday. The company’s 50 day simple moving average is $10.57. Silvaco Group has a 12-month low of $6.14 and a 12-month high of $21.59.

Insider Transactions at Silvaco Group

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

Institutional Investors Weigh In On Silvaco Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Lynrock Lake LP purchased a new position in shares of Silvaco Group in the 2nd quarter worth approximately $3,596,000. Jane Street Group LLC bought a new stake in Silvaco Group in the third quarter worth $2,788,000. Allspring Global Investments Holdings LLC purchased a new position in Silvaco Group during the second quarter worth $3,485,000. First Eagle Investment Management LLC bought a new position in Silvaco Group during the second quarter valued at $3,469,000. Finally, Davidson Kempner Capital Management LP purchased a new stake in shares of Silvaco Group in the second quarter valued at $3,182,000.

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.