Silvaco Group (NASDAQ:SVCO) Receives “Buy” Rating from Needham & Company LLC

Silvaco Group (NASDAQ:SVCO)‘s stock had its “buy” rating reiterated by stock analysts at Needham & Company LLC in a research note issued on Thursday,Benzinga reports. They currently have a $19.00 price objective on the stock. Needham & Company LLC’s target price suggests a potential upside of 210.97% from the stock’s previous close.

Several other equities research analysts also recently issued reports on SVCO. Craig Hallum cut their price target on Silvaco Group from $17.00 to $15.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. TD Cowen dropped their price target on Silvaco Group from $15.00 to $12.00 and set a “buy” rating for the company in a report on Thursday. Finally, Rosenblatt Securities restated a “buy” rating and set a $18.00 target price on shares of Silvaco Group in a research report on Wednesday, January 15th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $19.17.

Silvaco Group Stock Up 4.3 %

Silvaco Group stock opened at $6.11 on Thursday. The company has a fifty day simple moving average of $7.70 and a 200 day simple moving average of $9.61. Silvaco Group has a 1-year low of $5.75 and a 1-year high of $21.59.

Hedge Funds Weigh In On Silvaco Group

Institutional investors have recently added to or reduced their stakes in the stock. R Squared Ltd bought a new position in shares of Silvaco Group in the 4th quarter valued at $25,000. New York State Common Retirement Fund bought a new position in Silvaco Group in the fourth quarter valued at about $81,000. Aristides Capital LLC acquired a new stake in shares of Silvaco Group during the fourth quarter valued at about $86,000. Nebula Research & Development LLC bought a new stake in shares of Silvaco Group during the fourth quarter worth about $113,000. Finally, Centiva Capital LP acquired a new position in shares of Silvaco Group in the third quarter valued at approximately $145,000.

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.