Yiheng Capital Management L.P. Invests $461.62 Million in Silvaco Group, Inc. $SVCO

Yiheng Capital Management L.P. purchased a new position in Silvaco Group, Inc. (NASDAQ:SVCO) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 101,233,200 shares of the company’s stock, valued at approximately $461,623,000. Silvaco Group comprises about 30.1% of Yiheng Capital Management L.P.’s investment portfolio, making the stock its 2nd biggest holding. Yiheng Capital Management L.P. owned 3.45% of Silvaco Group as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of SVCO. Federated Hermes Inc. raised its position in shares of 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 purchasing an additional 78,000 shares during the last quarter. Samjo Management LLC raised its position 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 purchasing an additional 18,400 shares during the last quarter. Stoneridge Investment Partners LLC purchased a new position in Silvaco Group in the 1st quarter worth about $77,000. Nebula Research & Development LLC purchased a new position in Silvaco Group in the 4th quarter worth about $113,000. Finally, BNP Paribas Financial Markets raised its position in Silvaco Group by 19.9% in the 4th quarter. BNP Paribas Financial Markets now owns 61,682 shares of the company’s stock worth $498,000 after buying an additional 10,240 shares during the last quarter.

Insider Activity at Silvaco Group

In other news, major shareholder Katherine S. Ngai-Pesic sold 15,000 shares of the company’s stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $4.91, for a total transaction of $73,650.00. Following the completion of the sale, the insider owned 10,477,355 shares of the company’s stock, valued at $51,443,813.05. This represents a 0.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 38.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on SVCO shares. Needham & Company LLC decreased their target price on Silvaco Group from $19.00 to $10.00 and set a “buy” rating for the company in a research report on Monday, May 12th. Rosenblatt Securities decreased their target price on Silvaco Group from $14.00 to $12.00 and set a “buy” rating for the company in a research report on Thursday, August 7th. Finally, TD Cowen decreased their target price on Silvaco Group from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Friday, August 8th. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $14.20.

Silvaco Group Stock Up 7.0%

NASDAQ SVCO opened at $5.34 on Friday. Silvaco Group, Inc. has a 52 week low of $3.55 and a 52 week high of $15.94. The firm has a market capitalization of $162.23 million, a P/E ratio of -4.94 and a beta of 3.04. The company has a 50-day moving average price of $4.68 and a 200-day moving average price of $4.92.

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.