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 company's stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $4.91, for a total transaction 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 sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.

Silvaco Group Trading Down 0.4%

NASDAQ:SVCO traded down $0.02 during trading hours on Wednesday, reaching $4.93. The company had a trading volume of 80,701 shares, compared to its average volume of 279,167. Silvaco Group, Inc. has a 52 week low of $3.55 and a 52 week high of $20.69. The firm has a market cap of $144.87 million and a price-to-earnings ratio of -2.13. The firm's 50 day moving average price is $4.66 and its 200-day moving average price is $6.42.

Institutional Investors Weigh In On Silvaco Group

A number of large investors have recently added to or reduced their stakes in SVCO. R Squared Ltd bought a new stake in Silvaco Group in the 4th quarter worth approximately $25,000. New York State Common Retirement Fund bought a new stake in Silvaco Group in the 4th quarter worth approximately $81,000. Werba Rubin Papier Wealth Management bought a new stake in Silvaco Group in the 4th quarter worth approximately $808,000. Charles Schwab Investment Management Inc. grew its position in Silvaco Group by 26.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 56,057 shares of the company's stock worth $453,000 after purchasing an additional 11,589 shares during the period. Finally, First Eagle Investment Management LLC grew its position in Silvaco Group by 16.3% in the 4th quarter. First Eagle Investment Management LLC now owns 458,606 shares of the company's stock worth $3,706,000 after purchasing an additional 64,142 shares during the period.

Analysts Set New Price Targets

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

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.

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