Christopher John Zegarelli Buys 5,100 Shares of Silvaco Group (NASDAQ:SVCO) Stock

Key Points

• Christopher John Zegarelli, CFO of Silvaco Group, purchased 5,100 shares at an average price of $5.03, increasing his ownership by 150.31% to a total of 8,493 shares.
• Silvaco Group's stock price is currently at $6.04, with a market capitalization of approximately $183.50 million and a consensus rating of "Moderate Buy" from analysts.
• Recent institutional investments include significant stakes acquired by Yiheng Capital Management and Goldman Sachs, reflecting growing interest in the company's shares.

Silvaco Group, Inc. (NASDAQ:SVCO - Get Free Report) CFO Christopher John Zegarelli purchased 5,100 shares of the firm's stock in a transaction on Monday, September 15th. The stock was bought at an average price of $5.03 per share, for a total transaction of $25,653.00. Following the completion of the transaction, the chief financial officer directly owned 8,493 shares in the company, valued at approximately $42,719.79. The trade was a 150.31% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Silvaco Group Price Performance

NASDAQ SVCO traded up $0.29 on Wednesday, hitting $6.04. 95,810 shares of the stock were exchanged, compared to its average volume of 136,646. The company has a market capitalization of $183.50 million, a PE ratio of -5.59 and a beta of 3.13. The business's fifty day moving average is $5.08 and its 200 day moving average is $4.84. Silvaco Group, Inc. has a 52 week low of $3.55 and a 52 week high of $12.53.

Wall Street Analysts Forecast Growth

SVCO has been the topic of a number of research analyst reports. Rosenblatt Securities cut their price target on shares of Silvaco Group from $14.00 to $12.00 and set a "buy" rating on the stock in a report on Thursday, August 7th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Silvaco Group in a research note on Wednesday. Finally, TD Cowen reduced their price objective on Silvaco Group from $10.00 to $8.00 and set a "buy" rating for the company in a report on Friday, August 8th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $11.25.

Institutional Investors Weigh In On Silvaco Group

Institutional investors and hedge funds have recently modified their holdings of the company. Yiheng Capital Management L.P. acquired a new stake in shares of Silvaco Group in the 1st quarter valued at about $461,623,000. Goldman Sachs Group Inc. boosted its holdings in Silvaco Group by 249.1% in the first quarter. Goldman Sachs Group Inc. now owns 106,051 shares of the company's stock worth $484,000 after purchasing an additional 75,675 shares in the last quarter. Blair William & Co. IL acquired a new position in Silvaco Group in the first quarter worth about $46,000. Federated Hermes Inc. boosted its stake in 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 acquiring an additional 78,000 shares during the last quarter. Finally, Stoneridge Investment Partners LLC bought a new stake in Silvaco Group during the 1st quarter worth about $77,000.

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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