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

Key Points

• Director Anthony K.K. Ngai of Silvaco Group (NASDAQ:SVCO) purchased a total of 2,000 shares at an average price of $5.32, raising his ownership by 2.70% and bringing his total shares to 76,077.
• Silvaco Group's shares have recently traded up by 2.6%, with a current trading price of $5.19, marking a significant change from its one-year low of $3.55.
• Analysts have mixed ratings for Silvaco Group, with target prices reduced by Rosenblatt Securities and TD Cowen while still maintaining a consensus rating of "Buy" and an average target price of $14.20.

Silvaco Group, Inc. (NASDAQ:SVCO - Get Free Report) Director Anthony K.K. Ngai acquired 2,000 shares of the stock in a transaction on Tuesday, September 9th. The shares were acquired at an average price of $5.32 per share, with a total value of $10,640.00. Following the transaction, the director directly owned 76,077 shares of the company's stock, valued at $404,729.64. The trade was a 2.70% increase in their ownership of the stock. The purchase was disclosed in a 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 Thursday, September 11th, Anthony K.K. Ngai acquired 2,000 shares of Silvaco Group stock. The shares were acquired at an average price of $5.16 per share, with a total value of $10,320.00.
• On Wednesday, September 10th, Anthony K.K. Ngai acquired 2,700 shares of Silvaco Group stock. The shares were acquired at an average price of $5.31 per share, with a total value of $14,337.00.
• On Monday, September 8th, Anthony K.K. Ngai acquired 5,000 shares of Silvaco Group stock. The shares were acquired at an average price of $5.30 per share, with a total value of $26,500.00.

Silvaco Group Trading Up 2.6%

Shares of SVCO 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 1 year low of $3.55 and a 1 year high of $15.94. The stock's 50 day moving average is $4.73 and its 200 day moving average is $4.79.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Rosenblatt Securities reduced 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 note on Thursday, August 7th. TD Cowen reduced their target price on shares of Silvaco Group from $10.00 to $8.00 and set a "buy" rating on the stock in a research note on Friday, August 8th. Five research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $14.20.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Yiheng Capital Management L.P. purchased a new position in Silvaco Group in the 1st quarter worth about $461,623,000. BNP Paribas Financial Markets increased its position in Silvaco Group by 19.9% during the 4th 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 during the period. Blair William & Co. IL purchased a new position in Silvaco Group during the 1st quarter valued at about $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. Finally, Stoneridge Investment Partners LLC purchased a new position in Silvaco Group during the 1st quarter valued at about $77,000.

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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