Silvaco Group (NASDAQ:SVCO) Director Anthony K.K. Ngai Purchases 2,700 Shares

Key Points

• Anthony K.K. Ngai, a director at Silvaco Group, acquired a total of **2,700 shares** at an average price of **$5.31** per share, increasing his ownership to **78,777 shares** valued at approximately **$418,305.87**.
• Silvaco Group shares recently traded at **$5.19**, with a **52-week low of $3.55** and a **high of $15.94**, indicating significant price fluctuations over the year.
• Analyst ratings for Silvaco Group see a consensus rating of **"Buy"** with an average price target of **$14.20**, despite some brokerages lowering their price objectives recently.

Silvaco Group, Inc. (NASDAQ:SVCO - Get Free Report) Director Anthony K.K. Ngai purchased 2,700 shares of the stock in a transaction on Wednesday, September 10th. The stock was acquired at an average cost of $5.31 per share, for a total transaction of $14,337.00. Following the acquisition, the director owned 78,777 shares in the company, valued at approximately $418,305.87. This represents a 3.55% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through this link.

Anthony K.K. Ngai also recently made the following trade(s):

• On Thursday, September 11th, Anthony K.K. Ngai acquired 2,000 shares of Silvaco Group stock. The stock was bought at an average price of $5.16 per share, for a total transaction of $10,320.00.
• On Tuesday, September 9th, Anthony K.K. Ngai acquired 2,000 shares of Silvaco Group stock. The stock was bought at an average price of $5.32 per share, for a total transaction of $10,640.00.
• On Monday, September 8th, Anthony K.K. Ngai acquired 5,000 shares of Silvaco Group stock. The shares were purchased at an average cost of $5.30 per share, for a total transaction of $26,500.00.

Silvaco Group Stock Performance

Shares of NASDAQ SVCO traded up $0.13 during trading hours on Monday, reaching $5.19. 91,885 shares of the stock traded hands, compared to its average volume of 147,219. Silvaco Group, Inc. has a 52-week low of $3.55 and a 52-week high of $15.94. The company's 50-day simple moving average is $4.73 and its two-hundred day simple moving average is $4.79.

Analyst Ratings Changes

A number of brokerages recently weighed in on SVCO. Rosenblatt Securities decreased their price objective on Silvaco Group from $14.00 to $12.00 and set a "buy" rating on the stock in a report on Thursday, August 7th. TD Cowen decreased their price target on Silvaco Group from $10.00 to $8.00 and set a "buy" rating on the stock in a research note on Friday, August 8th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $14.20.

Hedge Funds Weigh In On Silvaco Group

A number of large investors have recently bought and sold shares of the stock. Topline Capital Management LLC purchased a new position in Silvaco Group in the 2nd quarter worth approximately $1,096,000. BNP Paribas Financial Markets grew its position in shares of Silvaco Group by 29.6% in the 2nd quarter. BNP Paribas Financial Markets now owns 88,768 shares of the company's stock worth $419,000 after buying an additional 20,252 shares during the last quarter. Bridgeway Capital Management LLC bought a new stake in shares of Silvaco Group in the 2nd quarter worth approximately $118,000. Bank of America Corp DE grew its position in shares of Silvaco Group by 60.5% in the 2nd quarter. Bank of America Corp DE now owns 26,988 shares of the company's stock worth $127,000 after buying an additional 10,174 shares during the last quarter. Finally, PDT Partners LLC grew its position in shares of Silvaco Group by 35.1% in the 2nd quarter. PDT Partners LLC now owns 25,969 shares of the company's stock worth $123,000 after buying an additional 6,749 shares during the last quarter.

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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