Yiheng Capital Management L.P. Purchases Shares of 1,012,332 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. acquired a new position in shares of Silvaco Group, Inc. (NASDAQ:SVCO - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,012,332 shares of the company's stock, valued at approximately $4,616,000. Silvaco Group comprises about 0.4% of Yiheng Capital Management L.P.'s portfolio, making the stock its 13th biggest position. Yiheng Capital Management L.P. owned approximately 3.45% of Silvaco Group as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its holdings 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 valued at $498,000 after purchasing an additional 10,240 shares in the last quarter. Squarepoint Ops LLC boosted its position in Silvaco Group by 4.8% in the 4th quarter. Squarepoint Ops LLC now owns 36,151 shares of the company's stock valued at $292,000 after buying an additional 1,651 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Silvaco Group in the 1st quarter valued at $30,000. Federated Hermes Inc. increased its stake in shares of Silvaco Group by 162.5% in the 1st quarter. Federated Hermes Inc. now owns 126,000 shares of the company's stock valued at $575,000 after buying an additional 78,000 shares during the period. Finally, Blair William & Co. IL bought a new stake in shares of Silvaco Group during the first quarter worth $46,000.

Analysts Set New Price Targets

SVCO has been the topic of several recent research reports. TD Cowen decreased their price target on Silvaco Group from $10.00 to $8.00 and set a "buy" rating on the stock in a 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 report on Thursday, August 7th. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $14.20.

Silvaco Group Stock Down 5.4%

Shares of SVCO traded down $0.29 during trading hours on Wednesday, reaching $5.07. The stock had a trading volume of 117,806 shares, compared to its average volume of 136,142. The company has a market cap of $154.04 million, a P/E ratio of -4.69 and a beta of 3.11. Silvaco Group, Inc. has a 52 week low of $3.55 and a 52 week high of $15.94. The firm has a 50-day moving average of $4.73 and a 200 day moving average of $4.82.

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.