First Eagle Investment Management LLC Buys 130,709 Shares of Silvaco Group, Inc. $SVCO

First Eagle Investment Management LLC increased its stake in Silvaco Group, Inc. (NASDAQ:SVCO) by 20.3% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 774,438 shares of the company’s stock after purchasing an additional 130,709 shares during the quarter. First Eagle Investment Management LLC owned about 2.64% of Silvaco Group worth $3,655,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SVCO. Charles Schwab Investment Management Inc. boosted 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 purchasing an additional 4,667 shares during the period. Nisa Investment Advisors LLC lifted its holdings in shares of Silvaco Group by 4,961.5% in the second quarter. Nisa Investment Advisors LLC now owns 5,264 shares of the company’s stock worth $25,000 after buying an additional 5,160 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Silvaco Group in the first quarter valued at approximately $30,000. Blair William & Co. IL boosted its position in shares of Silvaco Group by 70.0% in the second quarter. Blair William & Co. IL now owns 17,000 shares of the company’s stock valued at $80,000 after acquiring an additional 7,000 shares during the period. Finally, Strs Ohio purchased a new position in Silvaco Group during the first quarter valued at approximately $50,000.

Insider Activity at Silvaco Group

In other Silvaco Group news, CFO Christopher John Zegarelli acquired 5,100 shares of the stock in a transaction dated Monday, September 15th. The shares were purchased at an average price of $5.03 per share, for a total transaction of $25,653.00. Following the purchase, the chief financial officer directly owned 8,493 shares of the company’s stock, valued at approximately $42,719.79. This trade represents a 150.31% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Anthony K.K. Ngai bought 5,000 shares of the business’s stock in a transaction that occurred on Monday, September 8th. The shares were acquired at an average price of $5.30 per share, with a total value of $26,500.00. Following the completion of the transaction, the director directly owned 74,077 shares of the company’s stock, valued at $392,608.10. This trade represents a 7.24% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 16,800 shares of company stock worth $87,450 in the last quarter. Company insiders own 38.40% of the company’s stock.

Silvaco Group Stock Up 1.4%

NASDAQ SVCO opened at $4.96 on Friday. The firm has a market cap of $151.92 million, a price-to-earnings ratio of -4.59 and a beta of 3.18. The company has a 50-day simple moving average of $5.61 and a two-hundred day simple moving average of $5.05. Silvaco Group, Inc. has a 12-month low of $3.55 and a 12-month high of $9.93.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of Silvaco Group in a research note on Wednesday, October 8th. Rosenblatt Securities restated a “buy” rating and set a $12.00 price target on shares of Silvaco Group in a research report on Tuesday, November 4th. Jefferies Financial Group upgraded Silvaco Group to a “strong-buy” rating in a report on Tuesday, October 28th. Finally, TD Cowen decreased their price objective on Silvaco Group from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $11.25.

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.