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

Silvaco Group (NASDAQ:SVCO)‘s stock had its “buy” rating reissued by analysts at Rosenblatt Securities in a note issued to investors on Tuesday,Benzinga reports. They currently have a $12.00 price objective on the stock. Rosenblatt Securities’ price objective suggests a potential upside of 108.33% from the company’s previous close.

A number of other research analysts also recently issued reports on SVCO. Weiss Ratings restated a “sell (e+)” rating on shares of Silvaco Group in a research report on Wednesday, October 8th. Jefferies Financial Group upgraded shares of Silvaco Group to a “strong-buy” rating in a report on Tuesday, October 28th. Finally, TD Cowen dropped their target price 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. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $11.25.

Silvaco Group Trading Down 2.2%

SVCO opened at $5.76 on Tuesday. The company has a fifty day simple moving average of $5.60 and a 200 day simple moving average of $5.04. The firm has a market cap of $174.99 million, a price-to-earnings ratio of -5.33 and a beta of 3.17. Silvaco Group has a twelve month low of $3.55 and a twelve month high of $9.93.

Insider Activity at Silvaco Group

In other Silvaco Group news, Director Anthony K.K. Ngai bought 5,000 shares of the firm’s stock in a transaction on Monday, September 8th. The stock was bought at an average cost of $5.30 per share, with a total value of $26,500.00. Following the completion of the transaction, the director directly owned 74,077 shares of the company’s stock, valued at approximately $392,608.10. The trade was a 7.24% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Christopher John Zegarelli acquired 5,100 shares of Silvaco Group stock in a transaction dated Monday, September 15th. The stock was purchased at an average price of $5.03 per share, with a total value of $25,653.00. Following the completion of the purchase, the chief financial officer directly owned 8,493 shares of the company’s stock, valued at $42,719.79. The trade was a 150.31% increase in their position. The SEC filing for this purchase provides additional information. Insiders acquired 16,800 shares of company stock valued at $87,450 over the last three months. Insiders own 38.40% of the company’s stock.

Hedge Funds Weigh In On Silvaco Group

A number of hedge funds have recently made changes to their positions in the business. Yiheng Capital Management L.P. acquired a new position in shares of Silvaco Group in the 1st quarter valued at $461,623,000. First Eagle Investment Management LLC grew its holdings in Silvaco Group by 20.3% during the 2nd quarter. First Eagle Investment Management LLC now owns 774,438 shares of the company’s stock worth $3,655,000 after acquiring an additional 130,709 shares during the last quarter. Samjo Management LLC grew its holdings in Silvaco Group by 2.8% during the 1st quarter. Samjo Management LLC now owns 665,700 shares of the company’s stock worth $3,036,000 after acquiring an additional 18,400 shares during the last quarter. Topline Capital Management LLC bought a new position in Silvaco Group in the second quarter valued at approximately $1,096,000. Finally, Geode Capital Management LLC increased its holdings in Silvaco Group by 10.3% in the second quarter. Geode Capital Management LLC now owns 192,211 shares of the company’s stock valued at $907,000 after purchasing an additional 18,022 shares during 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.