TD Cowen Cuts Silvaco Group (NASDAQ:SVCO) Price Target to $12.00

Silvaco Group (NASDAQ:SVCO) had its price objective decreased by equities researchers at TD Cowen from $15.00 to $12.00 in a research report issued on Thursday,Briefing.com Automated Import reports. The firm currently has a “buy” rating on the stock. TD Cowen’s price target points to a potential upside of 96.40% from the stock’s current price.

SVCO has been the topic of several other research reports. Craig Hallum dropped their target price on shares of Silvaco Group from $17.00 to $15.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. Rosenblatt Securities reiterated a “buy” rating and issued a $18.00 price target on shares of Silvaco Group in a research note on Wednesday, January 15th. Finally, Needham & Company LLC restated a “buy” rating and set a $19.00 price objective on shares of Silvaco Group in a research report on Wednesday, November 13th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Silvaco Group has an average rating of “Buy” and an average target price of $19.17.

Silvaco Group Price Performance

Shares of SVCO opened at $6.11 on Thursday. The business’s 50 day moving average is $7.70 and its 200 day moving average is $9.61. Silvaco Group has a 12-month low of $5.75 and a 12-month high of $21.59.

Institutional Investors Weigh In On Silvaco Group

Several institutional investors have recently made changes to their positions in the company. Capital Research Global Investors lifted its stake in 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 purchasing an additional 239,631 shares during the last quarter. Samjo Management LLC purchased a new position in Silvaco Group during the 4th quarter valued at $5,230,000. First Eagle Investment Management LLC grew its position in Silvaco Group by 16.3% in the 4th quarter. First Eagle Investment Management LLC now owns 458,606 shares of the company’s stock valued at $3,706,000 after acquiring an additional 64,142 shares during the last quarter. Kennedy Capital Management LLC purchased a new stake in Silvaco Group in the fourth quarter worth $1,823,000. Finally, Jane Street Group LLC bought a new stake in shares of Silvaco Group during the third quarter worth $2,788,000.

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.