Craig Hallum Issues Pessimistic Forecast for Silvaco Group (NASDAQ:SVCO) Stock Price

Silvaco Group (NASDAQ:SVCO) had its target price cut by equities researchers at Craig Hallum from $17.00 to $15.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Craig Hallum’s price objective would indicate a potential upside of 79.00% from the stock’s previous close.

A number of other research analysts have also recently commented on the company. Rosenblatt Securities reissued a “buy” rating and issued a $18.00 target price on shares of Silvaco Group in a research note on Wednesday. B. Riley reiterated a “buy” rating and set a $26.00 price objective on shares of Silvaco Group in a research report on Thursday, September 19th. Needham & Company LLC reissued a “buy” rating and set a $19.00 price objective on shares of Silvaco Group in a report on Wednesday, November 13th. Finally, TD Cowen cut their target price on Silvaco Group from $20.00 to $15.00 and set a “buy” rating for the company in a research note on Wednesday, November 13th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $19.67.

Silvaco Group Price Performance

Shares of NASDAQ:SVCO traded up $0.37 during trading on Wednesday, reaching $8.38. The company had a trading volume of 70,745 shares, compared to its average volume of 118,214. The company has a fifty day moving average of $7.94 and a two-hundred day moving average of $12.12. Silvaco Group has a 12 month low of $6.14 and a 12 month high of $21.59.

Insider Activity

In related news, insider Eric Guichard sold 25,000 shares of Silvaco Group stock in a transaction on Friday, November 15th. The shares were sold at an average price of $7.19, for a total value of $179,750.00. Following the transaction, the insider now directly owns 57,902 shares of the company’s stock, valued at $416,315.38. The trade was a 30.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Institutional Investors Weigh In On Silvaco Group

A number of large investors have recently added to or reduced their stakes in SVCO. Centiva Capital LP bought a new position in shares of Silvaco Group during the third quarter valued at about $145,000. Y Intercept Hong Kong Ltd bought a new position in Silvaco Group during the 3rd quarter valued at approximately $173,000. MeadowBrook Investment Advisors LLC raised its position in Silvaco Group by 106.2% during the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 13,260 shares of the company’s stock valued at $190,000 after purchasing an additional 6,830 shares during the last quarter. Federated Hermes Inc. purchased a new stake in Silvaco Group in the 2nd quarter worth approximately $216,000. Finally, Virtu Financial LLC bought a new stake in shares of Silvaco Group in the 3rd quarter worth approximately $216,000.

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.