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

Silvaco Group (NASDAQ:SVCO)‘s stock had its “buy” rating reaffirmed by investment analysts at Rosenblatt Securities in a report released on Thursday,Benzinga reports. They currently have a $18.00 price objective on the stock. Rosenblatt Securities’ target price indicates a potential upside of 272.67% from the company’s previous close.

SVCO has been the subject of a number of other research reports. TD Cowen lowered their price objective on Silvaco Group from $15.00 to $12.00 and set a “buy” rating for the company in a research report on Thursday. Needham & Company LLC reaffirmed a “buy” rating and issued a $19.00 price objective on shares of Silvaco Group in a research report on Thursday. Finally, Craig Hallum lowered their price objective on Silvaco Group from $17.00 to $15.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Silvaco Group has an average rating of “Buy” and an average target price of $19.17.

Silvaco Group Stock Down 1.6 %

Shares of NASDAQ:SVCO opened at $4.83 on Thursday. Silvaco Group has a 52 week low of $4.56 and a 52 week high of $21.59. The business has a fifty day simple moving average of $7.64 and a 200-day simple moving average of $9.58.

Institutional Investors Weigh In On Silvaco Group

A number of institutional investors have recently added to or reduced their stakes in SVCO. Samjo Management LLC purchased a new stake in Silvaco Group during the fourth quarter valued at about $5,230,000. Capital Research Global Investors boosted its position in shares of Silvaco Group by 19.9% in the fourth quarter. Capital Research Global Investors now owns 1,442,516 shares of the company’s stock worth $11,656,000 after buying an additional 239,631 shares during the period. Kennedy Capital Management LLC purchased a new stake in shares of Silvaco Group in the fourth quarter worth about $1,823,000. Jane Street Group LLC purchased a new stake in shares of Silvaco Group in the third quarter worth about $2,788,000. Finally, JPMorgan Chase & Co. purchased a new stake in shares of Silvaco Group in the third quarter worth about $1,565,000.

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.