Silvaco Group (NASDAQ:SVCO) CFO Acquires $25,653.00 in Stock

Silvaco Group, Inc. (NASDAQ:SVCO) CFO Christopher John Zegarelli bought 5,100 shares of the stock in a transaction on Monday, September 15th. The shares were acquired at an average cost of $5.03 per share, for a total transaction of $25,653.00. Following the purchase, the chief financial officer owned 8,493 shares in the company, valued at approximately $42,719.79. This represents a 150.31% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Silvaco Group Price Performance

NASDAQ:SVCO opened at $5.81 on Friday. Silvaco Group, Inc. has a fifty-two week low of $3.55 and a fifty-two week high of $12.53. The stock’s 50-day moving average is $5.15 and its two-hundred day moving average is $4.85. The stock has a market cap of $176.51 million, a PE ratio of -5.38 and a beta of 3.13.

Institutional Investors Weigh In On Silvaco Group

Several institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in shares of Silvaco Group by 27.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 13,483 shares of the company’s stock valued at $64,000 after buying an additional 2,895 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Silvaco Group by 8.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 60,724 shares of the company’s stock valued at $277,000 after buying an additional 4,667 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Silvaco Group by 4,961.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 5,264 shares of the company’s stock valued at $25,000 after buying an additional 5,160 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in Silvaco Group in the 1st quarter worth approximately $30,000. Finally, PDT Partners LLC lifted its holdings in Silvaco Group by 35.1% in the 2nd quarter. PDT Partners LLC now owns 25,969 shares of the company’s stock worth $123,000 after purchasing an additional 6,749 shares during the last quarter.

Analyst Upgrades and Downgrades

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

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.