Russell Investments Group Ltd. Reduces Holdings in Silvaco Group, Inc. (NASDAQ:SVCO)

Russell Investments Group Ltd. trimmed its holdings in shares of Silvaco Group, Inc. (NASDAQ:SVCO - Free Report) by 53.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 101,022 shares of the company's stock after selling 115,091 shares during the quarter. Russell Investments Group Ltd. owned 0.35% of Silvaco Group worth $816,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. R Squared Ltd bought a new stake in shares of Silvaco Group during the fourth quarter worth $25,000. New York State Common Retirement Fund bought a new stake in shares of Silvaco Group during the fourth quarter worth $81,000. Virtu Financial LLC bought a new stake in shares of Silvaco Group during the third quarter worth $216,000. Barclays PLC bought a new stake in shares of Silvaco Group during the third quarter worth $298,000. Finally, American Century Companies Inc. bought a new stake in shares of Silvaco Group during the fourth quarter worth $262,000.

Insiders Place Their Bets

In other Silvaco Group news, major shareholder Katherine S. Ngai-Pesic sold 25,000 shares of the business's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $5.06, for a total value of $126,500.00. Following the completion of the transaction, the insider now directly owns 10,461,105 shares in the company, valued at approximately $52,933,191.30. The trade was a 0.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 38.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on SVCO shares. Craig Hallum decreased their target price on Silvaco Group from $17.00 to $15.00 and set a "buy" rating for the company in a research report on Wednesday, January 15th. Rosenblatt Securities restated a "buy" rating and issued a $18.00 price objective on shares of Silvaco Group in a report 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 report on Thursday, March 6th. Finally, TD Cowen decreased their price objective on Silvaco Group from $15.00 to $12.00 and set a "buy" rating for the company in a report on Thursday, March 6th. Six 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 price target of $19.17.

Silvaco Group Price Performance

Silvaco Group stock traded down $0.09 during trading hours on Monday, reaching $5.09. The stock had a trading volume of 63,393 shares, compared to its average volume of 307,108. The company has a market cap of $146.62 million and a price-to-earnings ratio of -3.24. The business's 50 day moving average price is $4.99 and its 200-day moving average price is $6.84. Silvaco Group, Inc. has a 52 week low of $3.55 and a 52 week high of $21.59.

Silvaco Group 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.