Goldman Sachs Group Inc. Purchases 75,675 Shares of Silvaco Group, Inc. $SVCO

Key Points

• Goldman Sachs Group Inc. increased its holdings in Silvaco Group by 249.1% in the first quarter, acquiring an additional 75,675 shares, bringing its total ownership to approximately 0.36% of the company.
• Several hedge funds also invested in Silvaco Group during the same period, with new stakes purchased by firms such as SBI Securities, Blair William & Co., and PDT Partners.
• Research analysts have downgraded their price targets for Silvaco Group, with TD Cowen lowering theirs from $10.00 to $8.00, while still maintaining a "buy" rating.

Goldman Sachs Group Inc. increased its holdings in Silvaco Group, Inc. (NASDAQ:SVCO - Free Report) by 249.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 106,051 shares of the company's stock after purchasing an additional 75,675 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.36% of Silvaco Group worth $484,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of SVCO. SBI Securities Co. Ltd. purchased a new stake in Silvaco Group in the 1st quarter worth approximately $30,000. Blair William & Co. IL purchased a new position in shares of Silvaco Group during the first quarter valued at approximately $46,000. Strs Ohio bought a new position in shares of Silvaco Group during the first quarter valued at approximately $50,000. Stoneridge Investment Partners LLC purchased a new stake in Silvaco Group in the first quarter worth $77,000. Finally, PDT Partners LLC purchased a new stake in Silvaco Group in the first quarter worth $88,000.

Insider Activity at Silvaco Group

In other Silvaco Group news, Director Anthony K.K. Ngai bought 5,000 shares of Silvaco Group stock in a transaction dated Monday, September 8th. The shares were purchased at an average cost of $5.30 per share, with a total value of $26,500.00. Following the transaction, the director directly owned 74,077 shares of the company's stock, valued at $392,608.10. This represents a 7.24% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders have acquired 11,700 shares of company stock worth $61,797. Insiders own 38.40% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on SVCO shares. TD Cowen reduced their price objective on shares of Silvaco Group from $10.00 to $8.00 and set a "buy" rating on the stock in a research report on Friday, August 8th. Rosenblatt Securities cut their target price on shares of Silvaco Group from $14.00 to $12.00 and set a "buy" rating on the stock in a research note on Thursday, August 7th. Four analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $11.25.

Silvaco Group Stock Down 1.4%

NASDAQ SVCO opened at $5.52 on Friday. The firm has a market capitalization of $167.70 million, a PE ratio of -5.11 and a beta of 3.13. The stock's 50 day moving average is $4.86 and its 200 day moving average is $4.80. Silvaco Group, Inc. has a twelve month low of $3.55 and a twelve month high of $15.81.

Silvaco Group 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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