Silvaco Group, Inc.’s Quiet Period Will Expire on June 18th (NASDAQ:SVCO)

Silvaco Group’s (NASDAQ:SVCO) quiet period is set to end on Tuesday, June 18th. Silvaco Group had issued 6,000,000 shares in its initial public offering on May 9th. The total size of the offering was $114,000,000 based on an initial share price of $19.00. During Silvaco Group’s quiet period, insiders and any underwriters involved in the IPO are restricted from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Needham & Company LLC assumed coverage on shares of Silvaco Group in a research note on Monday, June 3rd. They issued a “buy” rating and a $28.00 target price on the stock. Jefferies Financial Group started coverage on shares of Silvaco Group in a report on Monday, June 3rd. They set a “buy” rating and a $25.00 target price for the company. Craig Hallum assumed coverage on Silvaco Group in a research report on Tuesday, June 4th. They issued a “buy” rating and a $25.00 price target on the stock. TD Cowen began coverage on Silvaco Group in a research note on Monday, June 3rd. They set a “buy” rating and a $23.00 price objective for the company. Finally, Rosenblatt Securities started coverage on Silvaco Group in a research note on Monday, June 3rd. They issued a “buy” rating and a $26.00 target price on the stock. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $25.50.

Silvaco Group Stock Performance

Shares of SVCO stock opened at $17.57 on Friday. Silvaco Group has a 12-month low of $15.81 and a 12-month high of $21.59.

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.