Silvaco Group, Inc. (NASDAQ:SVCO) Shares Sold by Jane Street Group LLC

Jane Street Group LLC trimmed its position in Silvaco Group, Inc. (NASDAQ:SVCO - Free Report) by 92.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,509 shares of the company's stock after selling 179,441 shares during the period. Jane Street Group LLC owned 0.05% of Silvaco Group worth $125,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. New York State Common Retirement Fund acquired a new position in shares of Silvaco Group in the 4th quarter valued at $81,000. Aristides Capital LLC acquired a new position in shares of Silvaco Group in the 4th quarter valued at $86,000. Nebula Research & Development LLC acquired a new position in shares of Silvaco Group in the 4th quarter valued at $113,000. XTX Topco Ltd acquired a new position in shares of Silvaco Group in the 4th quarter valued at $197,000. Finally, American Century Companies Inc. acquired a new stake in Silvaco Group during the 4th quarter worth about $262,000.

Silvaco Group Stock Down 1.6%

NASDAQ SVCO traded down $0.08 on Wednesday, reaching $4.86. The stock had a trading volume of 40,052 shares, compared to its average volume of 273,630. The firm has a market capitalization of $142.82 million and a price-to-earnings ratio of -2.10. Silvaco Group, Inc. has a 12-month low of $3.55 and a 12-month high of $20.69. The stock has a fifty day moving average price of $4.70 and a two-hundred day moving average price of $6.32.

Insider Buying and Selling at Silvaco Group

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

Analyst Ratings Changes

SVCO has been the topic of several analyst reports. Rosenblatt Securities cut their price target 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. TD Cowen dropped their target price on Silvaco Group from $15.00 to $12.00 and set a "buy" rating on the stock in a research report on Thursday, March 6th. Finally, Needham & Company LLC dropped their target price on Silvaco Group from $19.00 to $10.00 and set a "buy" rating on the stock in a research report on Monday, May 12th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Silvaco Group currently has a consensus rating of "Buy" and an average price target of $15.40.

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.