Silvaco Group (NASDAQ:SVCO) Director Acquires $10,320.00 in 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 purchased 2,000 shares of the company's stock in a transaction that occurred on Thursday, September 11th. The shares were purchased at an average cost of $5.16 per share, with a total value of $10,320.00. Following the completion of the acquisition, the director owned 80,777 shares in the company, valued at $416,809.32. The trade was a 2.54% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Wednesday, September 10th, Anthony K.K. Ngai purchased 2,700 shares of Silvaco Group stock. The shares were 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 purchased 2,000 shares of Silvaco Group stock. The shares were 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 purchased 5,000 shares of Silvaco Group stock. The shares were purchased at an average cost of $5.30 per share, with a total value of $26,500.00.

Silvaco Group Price Performance

Silvaco Group stock traded down $0.34 during mid-day trading on Friday, reaching $5.26. 318,552 shares of the company were exchanged, compared to its average volume of 173,194. The company has a fifty day simple moving average of $4.77 and a 200-day simple moving average of $4.79. Silvaco Group, Inc. has a 12 month low of $3.55 and a 12 month high of $15.87. The firm has a market cap of $159.80 million, a PE ratio of -4.87 and a beta of 3.13.

Hedge Funds Weigh In On Silvaco Group

Several hedge funds and other institutional investors have recently modified their holdings of the business. Topline Capital Management LLC bought a new position in shares of Silvaco Group in the 2nd quarter valued at $1,096,000. BNP Paribas Financial Markets boosted its holdings in shares of Silvaco Group by 29.6% during the 2nd quarter. BNP Paribas Financial Markets now owns 88,768 shares of the company's stock valued at $419,000 after acquiring an additional 20,252 shares in the last quarter. Bridgeway Capital Management LLC acquired a new stake in shares of Silvaco Group during the 2nd quarter valued at $118,000. Bank of America Corp DE boosted its holdings in shares of Silvaco Group by 60.5% during the 2nd quarter. Bank of America Corp DE now owns 26,988 shares of the company's stock valued at $127,000 after acquiring an additional 10,174 shares in the last quarter. Finally, PDT Partners LLC boosted its holdings in shares of Silvaco Group by 35.1% during the 2nd quarter. PDT Partners LLC now owns 25,969 shares of the company's stock valued at $123,000 after acquiring an additional 6,749 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research firms have commented on SVCO. Rosenblatt Securities lowered their price objective on Silvaco Group from $14.00 to $12.00 and set a "buy" rating on the stock in a research note on Thursday, August 7th. TD Cowen lowered their price objective on Silvaco Group from $10.00 to $8.00 and set a "buy" rating on the stock in a research note on Friday, August 8th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Silvaco Group currently has an average rating of "Buy" and an average price target of $11.25.

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.