Insider Buying: Silvaco Group (NASDAQ:SVCO) Director Purchases 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 Silvaco Group stock in a transaction on Tuesday, September 9th. The stock was acquired at an average cost of $5.32 per share, for a total transaction of $10,640.00. Following the purchase, the director owned 76,077 shares of the company's stock, valued at approximately $404,729.64. This represents a 2.70% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Thursday, September 11th, Anthony K.K. Ngai bought 2,000 shares of Silvaco Group stock. The shares were purchased 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 bought 2,700 shares of Silvaco Group stock. The shares were purchased 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 bought 5,000 shares of Silvaco Group stock. The shares were purchased at an average price of $5.30 per share, with a total value of $26,500.00.

Silvaco Group Price Performance

Shares of SVCO stock traded down $0.34 on Friday, reaching $5.26. 318,552 shares of the stock were exchanged, compared to its average volume of 173,194. The stock has a market cap of $159.80 million, a PE ratio of -4.87 and a beta of 3.13. Silvaco Group, Inc. has a one year low of $3.55 and a one year high of $15.87. The stock has a 50 day moving average price of $4.77 and a 200 day moving average price of $4.79.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets lifted its position 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 buying an additional 10,240 shares during the last quarter. Squarepoint Ops LLC lifted its position in shares of Silvaco Group by 4.8% in the fourth 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 first quarter valued at approximately $30,000. Federated Hermes Inc. lifted its position in shares of Silvaco Group by 162.5% in the first 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 last quarter. Finally, Blair William & Co. IL acquired a new stake in shares of Silvaco Group in the first quarter valued at approximately $46,000.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on SVCO shares. TD Cowen cut their target price 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. Rosenblatt Securities lowered their price target on Silvaco Group from $14.00 to $12.00 and set a "buy" rating for the company in a report on Thursday, August 7th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $11.25.

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.