Silvaco Group (NASDAQ:SVCO) Trading 5.8% Higher

Silvaco Group, Inc. (NASDAQ:SVCO)’s stock price traded up 5.8% during trading on Tuesday . The company traded as high as $19.17 and last traded at $19.08. 171,051 shares changed hands during trading, a decline of 35% from the average session volume of 264,904 shares. The stock had previously closed at $18.04.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SVCO. Rosenblatt Securities reissued a “buy” rating and issued a $26.00 target price on shares of Silvaco Group in a research note on Friday, June 21st. Needham & Company LLC reaffirmed a “buy” rating and issued a $28.00 price target on shares of Silvaco Group in a research note on Friday, June 21st. TD Cowen assumed coverage on Silvaco Group in a report on Monday, June 3rd. They set a “buy” rating and a $23.00 price objective for the company. Craig Hallum started coverage on shares of Silvaco Group in a research report on Tuesday, June 4th. They set a “buy” rating and a $25.00 target price for the company. Finally, B. Riley reissued a “buy” rating and set a $28.00 price target (up from $26.00) on shares of Silvaco Group in a report on Friday, June 21st. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Silvaco Group presently has an average rating of “Buy” and a consensus price target of $25.83.

Silvaco Group Trading Up 4.5 %

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.