Blair William & Co. IL Acquires 7,000 Shares of Silvaco Group, Inc. $SVCO

Blair William & Co. IL boosted its holdings in Silvaco Group, Inc. (NASDAQ:SVCO) by 70.0% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,000 shares of the company’s stock after acquiring an additional 7,000 shares during the quarter. Blair William & Co. IL owned 0.06% of Silvaco Group worth $80,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in SVCO. SBI Securities Co. Ltd. bought a new position in Silvaco Group in the 1st quarter worth about $30,000. Federated Hermes Inc. increased its stake in Silvaco Group by 162.5% in the 1st quarter. Federated Hermes Inc. now owns 126,000 shares of the company’s stock worth $575,000 after acquiring an additional 78,000 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Silvaco Group by 8.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 60,724 shares of the company’s stock worth $277,000 after acquiring an additional 4,667 shares during the last quarter. Stoneridge Investment Partners LLC bought a new position in Silvaco Group in the 1st quarter worth about $77,000. Finally, Samjo Management LLC increased its stake in 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 during the last quarter.

Analyst Upgrades and Downgrades

SVCO has been the topic of a number of research analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Silvaco Group in a research note on Wednesday, October 8th. Rosenblatt Securities cut their price objective on Silvaco Group from $14.00 to $12.00 and set a “buy” rating for the company in a report on Thursday, August 7th. Finally, TD Cowen cut their price objective on Silvaco Group from $10.00 to $8.00 and set a “buy” rating for the company in a report on Friday, August 8th. Four research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Silvaco Group currently has a consensus rating of “Moderate Buy” and an average price target of $11.25.

Insider Activity

In related news, CFO Christopher John Zegarelli bought 5,100 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The stock was bought at an average cost of $5.03 per share, for a total transaction of $25,653.00. Following the acquisition, the chief financial officer directly owned 8,493 shares of the company’s stock, valued at $42,719.79. The trade was a 150.31% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Anthony K.K. Ngai bought 5,000 shares of the company’s stock in a transaction that occurred on Monday, September 8th. The shares were bought at an average price of $5.30 per share, with a total value of $26,500.00. Following the completion of the acquisition, the director directly owned 74,077 shares in the company, valued at $392,608.10. This trade represents a 7.24% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 16,800 shares of company stock valued at $87,450 over the last 90 days. 38.40% of the stock is currently owned by company insiders.

Silvaco Group Trading Down 3.0%

SVCO opened at $5.57 on Monday. The stock has a 50-day moving average price of $5.28 and a 200-day moving average price of $4.89. Silvaco Group, Inc. has a 12-month low of $3.55 and a 12-month high of $9.93. The stock has a market capitalization of $169.22 million, a P/E ratio of -5.16 and a beta of 3.13.

Silvaco Group 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.