Needham & Company LLC Issues Pessimistic Forecast for Silvaco Group (NASDAQ:SVCO) Stock Price

Silvaco Group (NASDAQ:SVCO) had its price objective decreased by equities researchers at Needham & Company LLC from $19.00 to $10.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. Needham & Company LLC’s target price would suggest a potential upside of 127.79% from the company’s previous close.

A number of other research firms have also recently issued reports on SVCO. TD Cowen decreased their price objective on shares of Silvaco Group from $15.00 to $12.00 and set a “buy” rating on the stock in a research report on Thursday, March 6th. Rosenblatt Securities decreased their price objective on shares of Silvaco Group from $18.00 to $14.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Craig Hallum decreased their price objective on shares of Silvaco Group from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. Six research 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 $17.00.

Silvaco Group Trading Up 7.6%

SVCO stock opened at $4.39 on Monday. The firm’s 50-day moving average price is $4.78 and its two-hundred day moving average price is $6.67. Silvaco Group has a 12-month low of $3.55 and a 12-month high of $20.69. The stock has a market capitalization of $126.45 million and a price-to-earnings ratio of -1.90.

Insider Buying and Selling

In related news, major shareholder Katherine S. Ngai-Pesic sold 25,000 shares of the business’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $5.06, for a total transaction of $126,500.00. Following the sale, the insider now owns 10,461,105 shares of the company’s stock, valued at $52,933,191.30. The trade was a 0.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 38.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. bought a new position in shares of Silvaco Group in the third quarter worth approximately $1,565,000. Barclays PLC bought a new position in shares of Silvaco Group in the third quarter worth approximately $298,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Silvaco Group by 26.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 56,057 shares of the company’s stock worth $453,000 after buying an additional 11,589 shares in the last quarter. New York State Common Retirement Fund bought a new position in shares of Silvaco Group in the fourth quarter worth approximately $81,000. Finally, Samjo Management LLC bought a new position in shares of Silvaco Group in the fourth quarter worth approximately $5,230,000.

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.