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

Silvaco Group (NASDAQ:SVCO)‘s stock had its “buy” rating reaffirmed by equities research 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 stock’s current price.

Other research analysts have also recently issued research reports about the stock. Jefferies Financial Group raised shares of Silvaco Group to a “strong-buy” rating in a report on Tuesday, October 28th. TD Cowen reduced their price target on shares of Silvaco Group from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Friday, August 8th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Silvaco Group in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, Silvaco Group currently has an average rating of “Moderate Buy” and a consensus target price of $11.25.

Silvaco Group Price Performance

Shares of Silvaco Group stock opened at $5.76 on Tuesday. The firm has a fifty day moving average price of $5.60 and a 200 day moving average price of $5.04. Silvaco Group has a 1 year low of $3.55 and a 1 year high of $9.93. The stock has a market cap of $174.99 million, a PE ratio of -5.33 and a beta of 3.17.

Insiders Place Their Bets

In other news, CFO Christopher John Zegarelli acquired 5,100 shares of the business’s stock in a transaction on Monday, September 15th. The stock was bought at an average price of $5.03 per share, for a total transaction of $25,653.00. Following the transaction, the chief financial officer owned 8,493 shares in the company, valued at $42,719.79. This represents a 150.31% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Anthony K.K. Ngai acquired 5,000 shares of the business’s stock in a transaction on Monday, September 8th. The shares were purchased at an average price of $5.30 per share, with a total value of $26,500.00. Following the transaction, the director owned 74,077 shares in the company, valued at $392,608.10. The trade was a 7.24% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have acquired 16,800 shares of company stock valued at $87,450. 38.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Silvaco Group

A number of large investors have recently made changes to their positions in SVCO. Yiheng Capital Management L.P. purchased a new position in shares of Silvaco Group in the 1st quarter valued at about $461,623,000. Topline Capital Management LLC purchased a new position in shares of Silvaco Group in the 2nd quarter valued at about $1,096,000. First Eagle Investment Management LLC increased its holdings in shares of Silvaco Group by 20.3% in the 2nd quarter. First Eagle Investment Management LLC now owns 774,438 shares of the company’s stock valued at $3,655,000 after purchasing an additional 130,709 shares in the last quarter. Werba Rubin Papier Wealth Management raised its stake in Silvaco Group by 86.1% during the third quarter. Werba Rubin Papier Wealth Management now owns 186,080 shares of the company’s stock worth $1,007,000 after purchasing an additional 86,080 shares during the period. Finally, Jacobs Levy Equity Management Inc. purchased a new position in Silvaco Group during the first quarter worth approximately $357,000.

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.