Insider Selling: Silvaco Group, Inc. (NASDAQ:SVCO) Insider Sells 25,000 Shares of Stock

Silvaco Group, Inc. (NASDAQ:SVCO) insider Eric Guichard sold 25,000 shares of Silvaco Group stock in a transaction on Friday, November 15th. The shares were sold at an average price of $7.19, for a total transaction of $179,750.00. Following the completion of the sale, the insider now owns 57,902 shares of the company’s stock, valued at $416,315.38. This represents a 30.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Silvaco Group Stock Performance

SVCO traded down $0.25 during midday trading on Friday, reaching $7.39. 409,335 shares of the company were exchanged, compared to its average volume of 388,774. Silvaco Group, Inc. has a one year low of $6.14 and a one year high of $21.59. The stock has a fifty day moving average of $10.71.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Y Intercept Hong Kong Ltd purchased a new stake in Silvaco Group in the 3rd quarter valued at $173,000. Jane Street Group LLC purchased a new stake in shares of Silvaco Group in the third quarter valued at about $2,788,000. State Street Corp lifted its position in shares of Silvaco Group by 205.3% during the third quarter. State Street Corp now owns 68,377 shares of the company’s stock valued at $978,000 after purchasing an additional 45,977 shares in the last quarter. Centiva Capital LP purchased a new position in Silvaco Group during the third quarter worth about $145,000. Finally, Verition Fund Management LLC purchased a new position in Silvaco Group during the third quarter worth about $217,000.

Wall Street Analysts Forecast Growth

SVCO has been the subject of a number of research reports. B. Riley restated a “buy” rating and issued a $26.00 price target on shares of Silvaco Group in a report on Thursday, September 19th. TD Cowen reduced their target price on Silvaco Group from $20.00 to $15.00 and set a “buy” rating for the company in a research note on Wednesday. Needham & Company LLC reaffirmed a “buy” rating and set a $19.00 price target on shares of Silvaco Group in a research note on Wednesday. Rosenblatt Securities reduced their price objective on Silvaco Group from $26.00 to $18.00 and set a “buy” rating for the company in a research note on Thursday, October 17th. Finally, Craig Hallum decreased their price objective on Silvaco Group from $25.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Silvaco Group has an average rating of “Buy” and a consensus target price of $20.00.

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.