Yiheng Capital Management L.P. Invests $461.62 Million in Silvaco Group, Inc. $SVCO

Key Points

• Yiheng Capital Management L.P. has invested approximately $461.6 million in **Silvaco Group, Inc.** ($SVCO), making it 30.1% of their investment portfolio and the firm's second-largest position.
• In recent stock activity, **Silvaco Group's shares** have been trading up 7.0%, with a market cap of $162.23 million and a 12-month price range between $3.55 and $15.94.
• Analysts have adjusted their price targets on **Silvaco Group**, with most maintaining a "buy" rating; the average target price is currently set at **$14.20** despite recent reductions from higher targets.

Yiheng Capital Management L.P. purchased a new position in shares of Silvaco Group, Inc. (NASDAQ:SVCO - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 101,233,200 shares of the company's stock, valued at approximately $461,623,000. Silvaco Group accounts for about 30.1% of Yiheng Capital Management L.P.'s investment portfolio, making the stock its 2nd biggest position. Yiheng Capital Management L.P. owned about 344.51% of Silvaco Group as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new stake in shares of Silvaco Group during the 1st quarter worth approximately $30,000. Blair William & Co. IL bought a new position in Silvaco Group in the 1st quarter worth approximately $46,000. Stoneridge Investment Partners LLC bought a new position in Silvaco Group in the 1st quarter worth approximately $77,000. Nebula Research & Development LLC bought a new position in Silvaco Group in the 4th quarter worth approximately $113,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in Silvaco Group by 8.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 60,724 shares of the company's stock worth $277,000 after buying an additional 4,667 shares in the last quarter.

Silvaco Group Stock Up 7.0%

NASDAQ SVCO traded up $0.35 on Monday, reaching $5.34. 276,546 shares of the stock traded hands, compared to its average volume of 155,296. The firm's fifty day simple moving average is $4.69 and its 200 day simple moving average is $4.88. The company has a market cap of $162.23 million, a price-to-earnings ratio of -4.94 and a beta of 3.11. Silvaco Group, Inc. has a 12 month low of $3.55 and a 12 month high of $15.94.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on SVCO shares. Needham & Company LLC decreased their price objective on Silvaco Group from $19.00 to $10.00 and set a "buy" rating for the company in a report on Monday, May 12th. Rosenblatt Securities decreased their price objective on Silvaco Group from $14.00 to $12.00 and set a "buy" rating for the company in a report on Thursday, August 7th. Finally, TD Cowen decreased their price objective on Silvaco Group from $10.00 to $8.00 and set a "buy" rating for the company in a report on Friday, August 8th. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Silvaco Group presently has a consensus rating of "Buy" and an average target price of $14.20.

Insider Transactions at Silvaco Group

In other Silvaco Group news, major shareholder Katherine S. Ngai-Pesic sold 15,000 shares of the stock in a transaction 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 transaction, the insider directly owned 10,477,355 shares of the company's stock, valued at approximately $51,443,813.05. This trade represents a 0.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 38.40% of the company's stock.

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.