Insider Buying: Silvaco Group (NASDAQ:SVCO) Director Acquires $14,337.00 in Stock

Silvaco Group, Inc. (NASDAQ:SVCO) Director Anthony K.K. Ngai purchased 2,700 shares of Silvaco Group stock in a transaction dated Wednesday, September 10th. The shares were purchased at an average price of $5.31 per share, with a total value of $14,337.00. Following the completion of the acquisition, the director owned 78,777 shares in the company, valued at $418,305.87. The trade was a 3.55% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Anthony K.K. Ngai also recently made the following trade(s):

• On Thursday, September 11th, Anthony K.K. Ngai purchased 2,000 shares of Silvaco Group stock. The shares were purchased at an average price of $5.16 per share, with a total value of $10,320.00.
• On Tuesday, September 9th, Anthony K.K. Ngai purchased 2,000 shares of Silvaco Group stock. The shares were purchased at an average price of $5.32 per share, with a total value of $10,640.00.
• On Monday, September 8th, Anthony K.K. Ngai purchased 5,000 shares of Silvaco Group stock. The shares were purchased at an average price of $5.30 per share, with a total value of $26,500.00.

Silvaco Group Price Performance

Shares of Silvaco Group stock opened at $5.63 on Thursday. The firm has a market cap of $171.04 million, a price-to-earnings ratio of -5.21 and a beta of 3.13. Silvaco Group, Inc. has a 52-week low of $3.55 and a 52-week high of $15.94. The stock has a 50-day simple moving average of $4.76 and a 200-day simple moving average of $4.79.

Institutional Trading of Silvaco Group

Large investors have recently bought and sold shares of the stock. Nisa Investment Advisors LLC grew its position in Silvaco Group by 4,961.5% in the second quarter. Nisa Investment Advisors LLC now owns 5,264 shares of the company’s stock valued at $25,000 after acquiring an additional 5,160 shares during the period. SBI Securities Co. Ltd. bought a new stake in Silvaco Group in the first quarter valued at $30,000. Raymond James Financial Inc. bought a new stake in Silvaco Group in the second quarter valued at $38,000. Blair William & Co. IL bought a new stake in Silvaco Group in the first quarter valued at $46,000. Finally, Strs Ohio bought a new stake in Silvaco Group in the first quarter valued at $50,000.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. TD Cowen reduced their price target on Silvaco Group from $10.00 to $8.00 and set a “buy” rating for the company in a report on Friday, August 8th. Rosenblatt Securities reduced their target price on Silvaco Group from $14.00 to $12.00 and set a “buy” rating for the company in a report on Thursday, August 7th. Five analysts have rated the stock with a Buy rating, According to MarketBeat.com, Silvaco Group presently has an average rating of “Buy” and a consensus target price of $14.20.

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.