Silvaco Group, Inc. (NASDAQ:SVCO) CEO Purchases $103,278.57 in Stock

Silvaco Group, Inc. (NASDAQ:SVCO) CEO Babak A. Taheri purchased 20,949 shares of the company’s stock in a transaction on Friday, May 16th. The shares were purchased at an average cost of $4.93 per share, with a total value of $103,278.57. Following the transaction, the chief executive officer now directly owns 785,031 shares in the company, valued at $3,870,202.83. This trade represents a 2.74% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Silvaco Group Trading Down 1.0%

Shares of NASDAQ SVCO opened at $4.73 on Wednesday. Silvaco Group, Inc. has a 12 month low of $3.55 and a 12 month high of $20.69. The firm has a market capitalization of $139.00 million and a PE ratio of -2.05. The firm has a fifty day simple moving average of $4.74 and a two-hundred day simple moving average of $6.58.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. raised its holdings in Silvaco Group by 249.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 106,051 shares of the company’s stock worth $484,000 after purchasing an additional 75,675 shares in the last quarter. Yiheng Capital Management L.P. bought a new position in Silvaco Group in the 1st quarter worth $4,616,000. Jacobs Levy Equity Management Inc. bought a new position in Silvaco Group in the 1st quarter worth $357,000. PDT Partners LLC bought a new position in shares of Silvaco Group in the 1st quarter worth about $88,000. Finally, Samjo Management LLC increased its stake in shares of Silvaco Group by 2.8% in the 1st 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 in the last quarter.

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.