Capital Research Global Investors Purchases 239,631 Shares of Silvaco Group, Inc. (NASDAQ:SVCO)

Capital Research Global Investors increased its position in Silvaco Group, Inc. (NASDAQ:SVCO - Free Report) by 19.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,442,516 shares of the company's stock after acquiring an additional 239,631 shares during the quarter. Capital Research Global Investors owned about 5.07% of Silvaco Group worth $11,656,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. State Street Corp grew its holdings in Silvaco Group by 205.3% during the 3rd quarter. State Street Corp now owns 68,377 shares of the company's stock valued at $978,000 after buying an additional 45,977 shares in the last quarter. Barclays PLC purchased a new position in Silvaco Group during the 3rd quarter valued at about $298,000. Geode Capital Management LLC grew its holdings in Silvaco Group by 111.8% during the 3rd quarter. Geode Capital Management LLC now owns 141,386 shares of the company's stock valued at $2,022,000 after buying an additional 74,644 shares in the last quarter. Virtu Financial LLC purchased a new position in Silvaco Group during the 3rd quarter valued at about $216,000. Finally, JPMorgan Chase & Co. purchased a new position in Silvaco Group during the 3rd quarter valued at about $1,565,000.

Analysts Set New Price Targets

A number of research analysts have weighed in on SVCO shares. TD Cowen reduced their target price on Silvaco Group from $15.00 to $12.00 and set a "buy" rating for the company in a report on Thursday, March 6th. Needham & Company LLC reaffirmed a "buy" rating and set a $19.00 target price on shares of Silvaco Group in a report on Thursday, March 6th. Craig Hallum dropped their price target on Silvaco Group from $17.00 to $15.00 and set a "buy" rating for the company in a research report on Wednesday, January 15th. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $18.00 price target on shares of Silvaco Group in a research report on Thursday, March 6th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $19.17.

Insider Buying and Selling

In related news, major shareholder Katherine S. Ngai-Pesic sold 25,000 shares of the business's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $5.06, for a total value of $126,500.00. Following the completion of the sale, the insider now owns 10,461,105 shares in the company, valued at $52,933,191.30. The trade was a 0.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 38.40% of the stock is currently owned by corporate insiders.

Silvaco Group Stock Performance

Shares of SVCO remained flat at $5.18 during trading hours on Friday. The stock had a trading volume of 96,935 shares, compared to its average volume of 308,119. The company has a market capitalization of $149.21 million and a PE ratio of -3.30. The firm's 50 day simple moving average is $5.03 and its 200 day simple moving average is $6.89. Silvaco Group, Inc. has a 12-month low of $3.55 and a 12-month high of $21.59.

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.