Insider Buying: Silvaco Group (NASDAQ:SVCO) Director Acquires 2,000 Shares of Stock

Key Points

• Silvaco Group Director Anthony K.K. Ngai acquired 2,000 shares of stock at an average price of $5.16 per share, totaling $10,320.
• The stock price of Silvaco Group has experienced a 2.6% increase, with recent trading at $5.19.
• Analysts have a consensus "Buy" rating for Silvaco Group, with target prices ranging from $8.00 to $14.20.

Silvaco Group, Inc. (NASDAQ:SVCO - Get Free Report) Director Anthony K.K. Ngai acquired 2,000 shares of Silvaco Group stock in a transaction dated Thursday, September 11th. The stock was acquired at an average cost of $5.16 per share, with a total value of $10,320.00. Following the completion of the transaction, the director directly owned 80,777 shares of the company's stock, valued at $416,809.32. This trade represents a 2.54% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Anthony K.K. Ngai also recently made the following trade(s):

• On Wednesday, September 10th, Anthony K.K. Ngai bought 2,700 shares of Silvaco Group stock. The stock was purchased at an average cost of $5.31 per share, with a total value of $14,337.00.
• On Tuesday, September 9th, Anthony K.K. Ngai bought 2,000 shares of Silvaco Group stock. The stock was purchased at an average cost of $5.32 per share, with a total value of $10,640.00.
• On Monday, September 8th, Anthony K.K. Ngai bought 5,000 shares of Silvaco Group stock. The stock was purchased at an average cost of $5.30 per share, with a total value of $26,500.00.

Silvaco Group Stock Up 2.6%

SVCO stock traded up $0.13 during midday trading on Monday, hitting $5.19. The stock had a trading volume of 91,885 shares, compared to its average volume of 147,219. Silvaco Group, Inc. has a 52 week low of $3.55 and a 52 week high of $15.94. The stock has a 50-day simple moving average of $4.73 and a 200 day simple moving average of $4.79.

Institutional Trading of Silvaco Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Yiheng Capital Management L.P. acquired a new stake in shares of Silvaco Group in the first quarter valued at $461,623,000. First Eagle Investment Management LLC increased its stake in shares of Silvaco Group by 20.3% in the second quarter. First Eagle Investment Management LLC now owns 774,438 shares of the company's stock valued at $3,655,000 after buying an additional 130,709 shares in the last quarter. Samjo Management LLC increased its stake in shares of Silvaco Group by 2.8% in the first quarter. Samjo Management LLC now owns 665,700 shares of the company's stock valued at $3,036,000 after buying an additional 18,400 shares in the last quarter. Topline Capital Management LLC acquired a new stake in shares of Silvaco Group in the second quarter valued at $1,096,000. Finally, Geode Capital Management LLC increased its stake in shares of Silvaco Group by 10.3% in the second quarter. Geode Capital Management LLC now owns 192,211 shares of the company's stock valued at $907,000 after buying an additional 18,022 shares in the last quarter.

Analyst Ratings Changes

Several research analysts recently commented on the company. TD Cowen reduced their target price on Silvaco Group from $10.00 to $8.00 and set a "buy" rating for the company in a research report on Friday, August 8th. Rosenblatt Securities dropped their price objective on Silvaco Group from $14.00 to $12.00 and set a "buy" rating for the company in a research note on Thursday, August 7th. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $14.20.

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.

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