Anthony K.K. Ngai Purchases 5,000 Shares of Silvaco Group (NASDAQ:SVCO) Stock

Key Points

• Anthony K.K. Ngai, a director at Silvaco Group, acquired 5,000 shares at an average price of $5.30 each on September 8th, increasing his total holdings to 74,077 shares.
• Recent stock performance showed Silvaco Group trading at $5.19, with a one-year low of $3.55 and high of $15.94, indicating significant volatility.
• Five equity analysts have rated Silvaco Group with a Buy rating, with a consensus price target of $14.20, despite some analysts lowering their target prices recently.

Silvaco Group, Inc. (NASDAQ:SVCO - Get Free Report) Director Anthony K.K. Ngai bought 5,000 shares of the company's stock in a transaction that occurred on Monday, September 8th. The stock was purchased at an average cost of $5.30 per share, for a total transaction of $26,500.00. Following the transaction, the director owned 74,077 shares in the company, valued at $392,608.10. The trade was a 7.24% increase in their position. The transaction was disclosed in a legal 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 acquired at an average cost of $5.16 per share, with a total value of $10,320.00.
• On Wednesday, September 10th, Anthony K.K. Ngai acquired 2,700 shares of Silvaco Group stock. The stock was acquired at an average price of $5.31 per share, for a total transaction of $14,337.00.
• On Tuesday, September 9th, Anthony K.K. Ngai acquired 2,000 shares of Silvaco Group stock. The stock was acquired at an average cost of $5.32 per share, for a total transaction of $10,640.00.

Silvaco Group Stock Down 6.1%

SVCO traded down $0.34 during trading hours on Friday, hitting $5.26. 318,552 shares of the company's stock were exchanged, compared to its average volume of 173,194. The stock has a market cap of $159.80 million, a price-to-earnings ratio of -4.87 and a beta of 3.13. Silvaco Group, Inc. has a 1-year low of $3.55 and a 1-year high of $15.87. The stock's 50-day moving average is $4.77 and its two-hundred day moving average is $4.79.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. TD Cowen dropped their price objective 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. Rosenblatt Securities dropped their price target on shares of Silvaco Group from $14.00 to $12.00 and set a "buy" rating on the stock in a research report on Thursday, August 7th. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, Silvaco Group currently has an average rating of "Buy" and an average target price of $11.25.

Hedge Funds Weigh In On Silvaco Group

Several large investors have recently modified their holdings of SVCO. BNP Paribas Financial Markets boosted its holdings in shares of Silvaco Group by 19.9% during 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 period. Squarepoint Ops LLC boosted its holdings in shares of Silvaco Group by 4.8% during the fourth quarter. Squarepoint Ops LLC now owns 36,151 shares of the company's stock worth $292,000 after acquiring an additional 1,651 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Silvaco Group during the first quarter worth approximately $30,000. Federated Hermes Inc. grew its position in shares of Silvaco Group by 162.5% in 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, Blair William & Co. IL bought a new position in shares of Silvaco Group during the first quarter worth approximately $46,000.

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.