JPMorgan Chase & Co. Has $441,000 Stake in Silvaco Group, Inc. (NASDAQ:SVCO)

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

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. R Squared Ltd bought a new stake in Silvaco Group in the fourth quarter valued at approximately $25,000. New York State Common Retirement Fund bought a new stake in shares of Silvaco Group in the 4th quarter valued at $81,000. Virtu Financial LLC bought a new stake in shares of Silvaco Group in the 3rd quarter valued at $216,000. American Century Companies Inc. acquired a new stake in Silvaco Group during the 4th quarter worth $262,000. Finally, Barclays PLC bought a new position in Silvaco Group during the third quarter worth about $298,000.

Silvaco Group Stock Down 4.4 %

Shares of SVCO stock traded down $0.25 during trading on Wednesday, reaching $5.30. 78,202 shares of the company's stock were exchanged, compared to its average volume of 300,610. The firm's fifty day moving average price is $4.85 and its 200-day moving average price is $6.70. Silvaco Group, Inc. has a twelve month low of $3.55 and a twelve month high of $21.59. The stock has a market capitalization of $152.52 million and a PE ratio of -3.37.

Silvaco Group (NASDAQ:SVCO - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.01 by ($0.15). Silvaco Group had a negative return on equity of 43.77% and a negative net margin of 84.35%. As a group, analysts anticipate that Silvaco Group, Inc. will post -0.76 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Craig Hallum dropped their price target on Silvaco Group from $17.00 to $15.00 and set a "buy" rating on the stock in a research report on Wednesday, January 15th. Needham & Company LLC reaffirmed a "buy" rating and issued a $19.00 price target on shares of Silvaco Group in a research note on Thursday, March 6th. Rosenblatt Securities reiterated a "buy" rating and issued a $18.00 price target on shares of Silvaco Group in a report on Thursday, March 6th. Finally, TD Cowen dropped their price objective on shares of Silvaco Group from $15.00 to $12.00 and set a "buy" rating on the stock in a report on Thursday, March 6th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $19.17.

Insider Transactions at Silvaco Group

In related news, major shareholder Katherine S. Ngai-Pesic sold 25,000 shares of Silvaco Group stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $5.06, for a total transaction of $126,500.00. Following the completion of the sale, the insider now directly owns 10,461,105 shares of the company's stock, valued at approximately $52,933,191.30. This trade represents a 0.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 38.40% of the company's stock.

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.