Jane Street Group LLC Has $125,000 Stock Holdings in Silvaco Group, Inc. (NASDAQ:SVCO)

Jane Street Group LLC trimmed its position in shares of Silvaco Group, Inc. (NASDAQ:SVCO - Free Report) by 92.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,509 shares of the company's stock after selling 179,441 shares during the quarter. Jane Street Group LLC owned approximately 0.05% of Silvaco Group worth $125,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in SVCO. New York State Common Retirement Fund acquired a new position in shares of Silvaco Group in the fourth quarter worth approximately $81,000. Aristides Capital LLC acquired a new position in shares of Silvaco Group in the fourth quarter worth approximately $86,000. Nebula Research & Development LLC acquired a new position in Silvaco Group in the fourth quarter valued at approximately $113,000. XTX Topco Ltd acquired a new position in Silvaco Group in the fourth quarter valued at approximately $197,000. Finally, American Century Companies Inc. acquired a new position in Silvaco Group in the fourth quarter valued at approximately $262,000.

Insider Buying and Selling

In other news, major shareholder Katherine S. Ngai-Pesic sold 25,000 shares of the firm's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $5.06, for a total transaction of $126,500.00. Following the completion of the sale, the insider now directly owns 10,461,105 shares of the company's stock, valued at $52,933,191.30. This trade represents a 0.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Babak A. Taheri bought 20,949 shares of the firm's stock in a transaction dated Friday, May 16th. The shares were acquired at an average cost of $4.93 per share, with a total value of $103,278.57. Following the completion of the transaction, the chief executive officer now owns 785,031 shares in the company, valued at approximately $3,870,202.83. The trade was a 2.74% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 40,168 shares of company stock worth $200,928. 38.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SVCO. TD Cowen dropped their price target on Silvaco Group from $15.00 to $12.00 and set a "buy" rating on the stock in a research note on Thursday, March 6th. Rosenblatt Securities lowered their target price on Silvaco Group from $18.00 to $14.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Finally, Needham & Company LLC decreased 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. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of $15.40.

Silvaco Group Trading Up 1.1%

Shares of Silvaco Group stock opened at $4.81 on Friday. The stock has a fifty day simple moving average of $4.67 and a 200 day simple moving average of $6.36. Silvaco Group, Inc. has a 12-month low of $3.55 and a 12-month high of $20.69. The company has a market capitalization of $141.35 million and a P/E ratio of -2.08.

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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