Federated Hermes Inc. Purchases 78,000 Shares of Silvaco Group, Inc. (NASDAQ:SVCO)

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. lifted its position in shares of Silvaco Group, Inc. (NASDAQ:SVCO - Free Report) by 162.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 126,000 shares of the company's stock after buying an additional 78,000 shares during the quarter. Federated Hermes Inc. owned approximately 0.44% of Silvaco Group worth $575,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new position in shares of Silvaco Group in the 1st quarter valued at about $30,000. Nebula Research & Development LLC acquired a new position in Silvaco Group during the 4th quarter worth approximately $113,000. XTX Topco Ltd acquired a new position in Silvaco Group during the 4th quarter worth approximately $197,000. American Century Companies Inc. acquired a new position 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 in the last quarter.

Insider Activity

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Needham & Company LLC lowered 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. TD Cowen reduced their target price on Silvaco Group from $10.00 to $8.00 and set a "buy" rating for the company in a report on Friday, August 8th. Finally, Rosenblatt Securities reduced their target price on Silvaco Group from $14.00 to $12.00 and set a "buy" rating for the company in a report on Thursday, August 7th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Silvaco Group has a consensus rating of "Buy" and an average target price of $14.20.

Silvaco Group Stock Performance

NASDAQ:SVCO traded up $0.21 during trading hours on Wednesday, hitting $4.64. 16,054 shares of the company's stock traded hands, compared to its average volume of 133,291. The firm has a market cap of $140.81 million, a P/E ratio of -4.29 and a beta of 3.04. Silvaco Group, Inc. has a twelve month low of $3.55 and a twelve month high of $17.01. The stock's fifty day moving average price is $4.69 and its two-hundred day moving average price is $5.21.

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.