Silvaco Group, Inc. (NASDAQ:SVCO) CEO Acquires $19,687.86 in Stock

Silvaco Group, Inc. (NASDAQ:SVCO) CEO Babak A. Taheri acquired 4,051 shares of the firm’s stock in a transaction on Monday, May 19th. The stock was acquired at an average cost of $4.86 per share, with a total value of $19,687.86. Following the acquisition, the chief executive officer now owns 789,082 shares of the company’s stock, valued at $3,834,938.52. This trade represents a 0.52% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Silvaco Group Trading Down 3.6%

Silvaco Group stock traded down $0.18 during midday trading on Monday, reaching $4.78. 64,692 shares of the stock traded hands, compared to its average volume of 281,209. Silvaco Group, Inc. has a fifty-two week low of $3.55 and a fifty-two week high of $20.69. The firm has a market cap of $140.47 million and a price-to-earnings ratio of -2.07. The firm has a fifty day moving average price of $4.75 and a two-hundred day moving average price of $6.61.

Hedge Funds Weigh In On Silvaco Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Yiheng Capital Management L.P. acquired a new stake in Silvaco Group in the 1st quarter valued at approximately $461,623,000. Capital Research Global Investors boosted its stake in Silvaco Group by 19.9% during the fourth quarter. Capital Research Global Investors now owns 1,442,516 shares of the company’s stock valued at $11,656,000 after buying an additional 239,631 shares in the last quarter. Samjo Management LLC grew its holdings in Silvaco Group by 2.8% during the first quarter. Samjo Management LLC now owns 665,700 shares of the company’s stock worth $3,036,000 after acquiring an additional 18,400 shares during the period. First Eagle Investment Management LLC raised its position in Silvaco Group by 16.3% in the fourth quarter. First Eagle Investment Management LLC now owns 458,606 shares of the company’s stock worth $3,706,000 after acquiring an additional 64,142 shares in the last quarter. Finally, Kennedy Capital Management LLC acquired a new stake in Silvaco Group in the 4th quarter valued at about $1,823,000.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on SVCO shares. Rosenblatt Securities decreased their price target on shares of Silvaco Group from $18.00 to $14.00 and set a “buy” rating for the company in a report on Thursday, May 8th. Needham & Company LLC decreased their target price on Silvaco Group from $19.00 to $10.00 and set a “buy” rating for the company in a research note on Monday, May 12th. Finally, TD Cowen dropped their price target on Silvaco Group from $15.00 to $12.00 and set a “buy” rating on the stock in a research report on Thursday, March 6th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Silvaco Group has an average rating of “Buy” and an average target price of $17.00.

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.