Silvaco Group (NASDAQ:SVCO) CFO Christopher John Zegarelli Acquires 5,100 Shares

Silvaco Group, Inc. (NASDAQ:SVCO) CFO Christopher John Zegarelli purchased 5,100 shares of the firm’s stock in a transaction dated Monday, September 15th. The stock was acquired at an average cost of $5.03 per share, with a total value of $25,653.00. Following the purchase, the chief financial officer owned 8,493 shares of the company’s stock, valued at approximately $42,719.79. This represents a 150.31% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Silvaco Group Stock Performance

NASDAQ:SVCO opened at $6.04 on Thursday. The business has a fifty day moving average of $5.08 and a 200-day moving average of $4.84. Silvaco Group, Inc. has a 1 year low of $3.55 and a 1 year high of $12.53. The stock has a market cap of $183.50 million, a price-to-earnings ratio of -5.59 and a beta of 3.13.

Institutional Investors Weigh In On Silvaco Group

Hedge funds have recently modified their holdings of the stock. Yiheng Capital Management L.P. purchased a new stake in shares of Silvaco Group during the first quarter valued at $461,623,000. Goldman Sachs Group Inc. lifted its holdings in shares of Silvaco Group by 249.1% during the first quarter. Goldman Sachs Group Inc. now owns 106,051 shares of the company’s stock valued at $484,000 after purchasing an additional 75,675 shares during the last quarter. Blair William & Co. IL purchased a new stake in shares of Silvaco Group during the first quarter valued at $46,000. Federated Hermes Inc. lifted its holdings in shares of Silvaco Group by 162.5% during the first quarter. Federated Hermes Inc. now owns 126,000 shares of the company’s stock valued at $575,000 after purchasing an additional 78,000 shares during the last quarter. Finally, Stoneridge Investment Partners LLC purchased a new stake in shares of Silvaco Group during the first quarter valued at $77,000.

Analysts Set New Price Targets

SVCO has been the subject of several research reports. 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 note on Thursday, August 7th. 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 note on Friday, August 8th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Silvaco Group in a research note on Wednesday. Four investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.