Silvaco Group, Inc. (NASDAQ:SVCO) Shares Acquired by Federated Hermes Inc.

Key Points

• Federated Hermes Inc. increased its stake in Silvaco Group, acquiring 78,000 shares and owning a total of 126,000 shares valued at approximately $575,000 as of the latest SEC filing.
• Insider activity included major shareholder Katherine S. Ngai-Pesic selling 15,000 shares for about $73,650, while CEO Babak A. Taheri purchased 20,949 shares valued at around $103,279.
• Wall Street analysts have lowered price targets for Silvaco Group, with projections now ranging from $8.00 to $12.00, while maintaining a consensus rating of "Buy" with an average price target of $14.20.

Federated Hermes Inc. boosted its stake in shares of Silvaco Group, Inc. (NASDAQ:SVCO - Free Report) by 162.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 126,000 shares of the company's stock after purchasing an additional 78,000 shares during the quarter. Federated Hermes Inc. owned approximately 0.44% of Silvaco Group worth $575,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. SBI Securities Co. Ltd. acquired a new stake in Silvaco Group during the 1st quarter worth approximately $30,000. Nebula Research & Development LLC acquired a new stake in Silvaco Group during the 4th quarter worth approximately $113,000. XTX Topco Ltd acquired a new stake in Silvaco Group during the 4th quarter worth approximately $197,000. American Century Companies Inc. acquired a new stake in Silvaco Group during the 4th quarter worth approximately $262,000. Finally, Squarepoint Ops LLC lifted its position in Silvaco Group by 4.8% during the 4th 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.

Silvaco Group Price Performance

NASDAQ:SVCO traded down $0.15 during mid-day trading on Friday, reaching $4.01. The company's stock had a trading volume of 106,691 shares, compared to its average volume of 98,049. The company's fifty day simple moving average is $4.71 and its two-hundred day simple moving average is $5.25. Silvaco Group, Inc. has a twelve month low of $3.55 and a twelve month high of $17.01. The stock has a market cap of $121.82 million, a P/E ratio of -3.71 and a beta of 3.04.

Insider Transactions at Silvaco Group

In other Silvaco Group news, CEO Babak A. Taheri purchased 20,949 shares of Silvaco Group stock in a transaction that occurred on Friday, May 16th. The stock was purchased at an average price of $4.93 per share, with a total value of $103,278.57. Following the completion of the acquisition, the chief executive officer owned 785,031 shares of the company's stock, valued at approximately $3,870,202.83. This trade represents a 2.74% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Katherine S. Ngai-Pesic sold 15,000 shares of the stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $4.91, for a total value of $73,650.00. Following the completion of the transaction, the insider directly owned 10,477,355 shares of the company's stock, valued at $51,443,813.05. This represents a 0.14% decrease in their position. The disclosure for this sale can be found here. 38.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

SVCO has been the subject of several recent analyst reports. TD Cowen reduced their price target on Silvaco Group from $10.00 to $8.00 and set a "buy" rating for the company in a report on Friday. Needham & Company LLC reduced their price target on Silvaco Group from $19.00 to $10.00 and set a "buy" rating for the company in a report on Monday, May 12th. Finally, Rosenblatt Securities reduced their price target on Silvaco Group from $14.00 to $12.00 and set a "buy" rating for the company in a report on Thursday. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of "Buy" and an average target price 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.