Yiheng Capital Management L.P. Acquires New Position in Silvaco Group, Inc. $SVCO

Key Points

• Yiheng Capital Management L.P. has acquired a new stake in Silvaco Group, Inc. during Q1, purchasing 1,012,332 shares valued at approximately $4.6 million, making it 0.4% of their portfolio.
• Several analysts have revised their target prices for Silvaco Group, with Rosenblatt Securities lowering theirs from $14.00 to $12.00, while five analysts maintain a Buy rating for the stock.
• As of now, Silvaco Group's shares have a market cap of approximately $162.85 million and have fluctuated between a 12-month low of $3.55 and a high of $15.94.

Yiheng Capital Management L.P. bought a new position in Silvaco Group, Inc. (NASDAQ:SVCO - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,012,332 shares of the company's stock, valued at approximately $4,616,000. Silvaco Group accounts for about 0.4% of Yiheng Capital Management L.P.'s holdings, making the stock its 13th biggest position. Yiheng Capital Management L.P. owned 3.45% of Silvaco Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. BNP Paribas Financial Markets increased its stake in shares of Silvaco Group by 19.9% in the fourth quarter. BNP Paribas Financial Markets now owns 61,682 shares of the company's stock worth $498,000 after buying an additional 10,240 shares during the period. Blair William & Co. IL purchased a new position in Silvaco Group during the 1st quarter valued at $46,000. Federated Hermes Inc. increased its position in Silvaco Group by 162.5% during the 1st quarter. Federated Hermes Inc. now owns 126,000 shares of the company's stock valued at $575,000 after purchasing an additional 78,000 shares during the period. Stoneridge Investment Partners LLC purchased a new position in Silvaco Group during the 1st quarter valued at $77,000. Finally, Charles Schwab Investment Management Inc. increased its position in Silvaco Group by 8.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 60,724 shares of the company's stock valued at $277,000 after purchasing an additional 4,667 shares during the period.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. 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 dropped their target price on shares of Silvaco Group from $14.00 to $12.00 and set a "buy" rating on the stock in a report on Thursday, August 7th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat, Silvaco Group presently has a consensus rating of "Buy" and a consensus target price of $14.20.

Silvaco Group Price Performance

SVCO stock traded down $0.14 during trading on Friday, hitting $5.01. 56,637 shares of the stock traded hands, compared to its average volume of 135,482. Silvaco Group, Inc. has a 1 year low of $3.55 and a 1 year high of $15.94. The firm's 50 day moving average is $4.74 and its two-hundred day moving average is $4.82. The stock has a market cap of $152.20 million, a price-to-earnings ratio of -4.64 and a beta of 3.13.

About Silvaco Group

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.