Anthony K.K. Ngai Acquires 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 firm's stock in a transaction that occurred on Monday, September 8th. The stock was bought at an average cost of $5.30 per share, for a total transaction of $26,500.00. Following the completion of the transaction, the director directly owned 74,077 shares of the company's stock, valued at approximately $392,608.10. The trade was a 7.24% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Thursday, September 11th, Anthony K.K. Ngai bought 2,000 shares of Silvaco Group stock. The stock was bought at an average cost of $5.16 per share, for a total transaction of $10,320.00.
• On Wednesday, September 10th, Anthony K.K. Ngai acquired 2,700 shares of Silvaco Group stock. The shares were acquired at an average price of $5.31 per share, with a total value of $14,337.00.
• On Tuesday, September 9th, Anthony K.K. Ngai acquired 2,000 shares of Silvaco Group stock. The shares were acquired at an average price of $5.32 per share, with a total value of $10,640.00.

Silvaco Group Price Performance

SVCO traded up $0.13 during trading on Monday, hitting $5.19. 91,885 shares of the company's stock were exchanged, compared to its average volume of 147,219. Silvaco Group, Inc. has a 1 year low of $3.55 and a 1 year high of $15.94. The stock has a 50 day moving average price of $4.73 and a 200 day moving average price of $4.79.

Institutional Trading of Silvaco Group

A number of institutional investors and hedge funds have recently modified their holdings of the business. Yiheng Capital Management L.P. acquired a new stake in shares of Silvaco Group in the 1st quarter worth about $461,623,000. Topline Capital Management LLC acquired a new stake in shares of Silvaco Group in the 2nd quarter worth about $1,096,000. First Eagle Investment Management LLC increased its holdings in shares of Silvaco Group by 20.3% in the 2nd quarter. First Eagle Investment Management LLC now owns 774,438 shares of the company's stock worth $3,655,000 after acquiring an additional 130,709 shares during the period. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Silvaco Group in the 1st quarter worth about $357,000. Finally, Federated Hermes Inc. increased its holdings 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 acquiring an additional 78,000 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Rosenblatt Securities lowered 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 shares of Silvaco Group from $10.00 to $8.00 and set a "buy" rating for the company in a research note on Friday, August 8th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Silvaco Group has a consensus rating of "Buy" and an average price target of $14.20.

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.

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