Silvaco Group, Inc. (NASDAQ:SVCO) Major Shareholder Sells $73,650.00 in Stock

Silvaco Group, Inc. (NASDAQ:SVCO - Get Free Report) major shareholder Katherine S. Ngai-Pesic sold 15,000 shares of the firm's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $4.91, for a total value of $73,650.00. Following the completion of the transaction, the insider now owns 10,477,355 shares in the company, valued at approximately $51,443,813.05. This represents a 0.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.

Silvaco Group Stock Performance

NASDAQ:SVCO traded up $0.05 during mid-day trading on Friday, hitting $4.81. The company had a trading volume of 50,739 shares, compared to its average volume of 275,877. Silvaco Group, Inc. has a fifty-two week low of $3.55 and a fifty-two week high of $20.69. The business's fifty day moving average is $4.67 and its two-hundred day moving average is $6.36. The firm has a market cap of $141.35 million and a P/E ratio of -2.08.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Needham & Company LLC cut their target price on Silvaco Group from $19.00 to $10.00 and set a "buy" rating on the stock in a research note on Monday, May 12th. TD Cowen cut their target price on Silvaco Group from $15.00 to $12.00 and set a "buy" rating on the stock in a research note on Thursday, March 6th. Finally, Rosenblatt Securities cut their target price on Silvaco Group from $18.00 to $14.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $15.40.

Institutional Investors Weigh In On Silvaco Group

A number of hedge funds have recently modified their holdings of SVCO. Yiheng Capital Management L.P. acquired a new stake in shares of Silvaco Group during the first quarter worth about $461,623,000. Samjo Management LLC acquired a new stake in shares of Silvaco Group during the fourth quarter worth about $5,230,000. Capital Research Global Investors raised its position in shares of Silvaco Group by 19.9% during the fourth quarter. Capital Research Global Investors now owns 1,442,516 shares of the company's stock worth $11,656,000 after purchasing an additional 239,631 shares during the period. Kennedy Capital Management LLC acquired a new stake in shares of Silvaco Group during the fourth quarter worth about $1,823,000. Finally, Werba Rubin Papier Wealth Management acquired a new stake in shares of Silvaco Group during the fourth quarter worth about $808,000.

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.