JPMorgan Chase & Co. Sells 54,866 Shares of Silvaco Group, Inc. (NASDAQ:SVCO)

JPMorgan Chase & Co. reduced its stake in shares of Silvaco Group, Inc. (NASDAQ:SVCO - Free Report) by 50.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,583 shares of the company's stock after selling 54,866 shares during the quarter. JPMorgan Chase & Co. owned 0.19% of Silvaco Group worth $441,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. American Century Companies Inc. acquired a new position in Silvaco Group in the fourth quarter worth about $262,000. First Eagle Investment Management LLC lifted its holdings in shares of Silvaco Group by 16.3% during the fourth quarter. First Eagle Investment Management LLC now owns 458,606 shares of the company's stock valued at $3,706,000 after acquiring an additional 64,142 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Silvaco Group by 26.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 56,057 shares of the company's stock valued at $453,000 after purchasing an additional 11,589 shares in the last quarter. Werba Rubin Papier Wealth Management bought a new stake in shares of Silvaco Group in the 4th quarter worth about $808,000. Finally, New York State Common Retirement Fund bought a new position in Silvaco Group during the 4th quarter valued at about $81,000.

Silvaco Group Stock Down 1.0 %

NASDAQ SVCO traded down $0.06 on Tuesday, reaching $5.49. The company had a trading volume of 39,803 shares, compared to its average volume of 301,427. The stock has a market cap of $158.00 million and a price-to-earnings ratio of -3.49. Silvaco Group, Inc. has a 52 week low of $3.55 and a 52 week high of $21.59. The stock's 50 day moving average is $4.88 and its 200-day moving average is $6.72.

Insider Activity at Silvaco Group

In other news, major shareholder Katherine S. Ngai-Pesic sold 25,000 shares of Silvaco Group stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $5.06, for a total transaction of $126,500.00. Following the transaction, the insider now owns 10,461,105 shares in the company, valued at $52,933,191.30. The trade was a 0.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 38.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SVCO. Craig Hallum reduced their target price on Silvaco Group from $17.00 to $15.00 and set a "buy" rating on the stock in a report on Wednesday, January 15th. Rosenblatt Securities restated a "buy" rating and issued a $18.00 target price on shares of Silvaco Group in a research note on Thursday, March 6th. Needham & Company LLC restated a "buy" rating and issued a $19.00 price objective on shares of Silvaco Group in a research report on Thursday, March 6th. Finally, TD Cowen reduced their target price on shares of Silvaco Group from $15.00 to $12.00 and set a "buy" rating on the stock in a research report on Thursday, March 6th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Silvaco Group presently has an average rating of "Buy" and an average target price of $19.17.

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.