Capital Research Global Investors Has $11.66 Million Stock Holdings in Silvaco Group, Inc. (NASDAQ:SVCO)

Capital Research Global Investors grew its holdings in Silvaco Group, Inc. (NASDAQ:SVCO) by 19.9% in the fourth quarter, HoldingsChannel reports. The fund owned 1,442,516 shares of the company’s stock after buying an additional 239,631 shares during the period. Capital Research Global Investors owned 0.05% of Silvaco Group worth $11,656,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. R Squared Ltd bought a new stake in Silvaco Group in the 4th quarter valued at about $25,000. Marshall Wace LLP increased its stake in Silvaco Group by 15.1% during the 4th quarter. Marshall Wace LLP now owns 52,104 shares of the company’s stock worth $421,000 after acquiring an additional 6,824 shares during the period. New York State Common Retirement Fund acquired a new position in Silvaco Group in the 4th quarter valued at $81,000. Aristides Capital LLC bought a new stake in shares of Silvaco Group during the 4th quarter valued at $86,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Silvaco Group by 26.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 56,057 shares of the company’s stock worth $453,000 after purchasing an additional 11,589 shares during the period.

Insiders Place Their Bets

In other Silvaco Group news, major shareholder Katherine S. Ngai-Pesic sold 25,000 shares of the company’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $5.06, for a total value of $126,500.00. Following the sale, the insider now owns 10,461,105 shares in the company, valued at approximately $52,933,191.30. The trade was a 0.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on SVCO shares. Needham & Company LLC reiterated a “buy” rating and set a $19.00 price objective on shares of Silvaco Group in a research note on Thursday, March 6th. TD Cowen decreased their price objective on shares of Silvaco Group from $15.00 to $12.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. Rosenblatt Securities restated a “buy” rating and set a $18.00 target price on shares of Silvaco Group in a research note on Thursday, March 6th. Finally, Craig Hallum lowered 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. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $19.17.

Silvaco Group Stock Performance

NASDAQ SVCO opened at $4.33 on Tuesday. Silvaco Group, Inc. has a fifty-two week low of $3.55 and a fifty-two week high of $21.59. The stock has a market cap of $124.73 million and a PE ratio of -2.76. The firm’s fifty day moving average price is $5.19 and its two-hundred day moving average price is $7.09.

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.