Insider Selling: Silvaco Group, Inc. (NASDAQ:SVCO) Major Shareholder Sells $126,500.00 in Stock

Silvaco Group, Inc. (NASDAQ:SVCO) major shareholder Katherine S. Ngai-Pesic sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $5.06, for a total transaction of $126,500.00. Following the completion of the transaction, the insider now directly owns 10,461,105 shares of the company’s stock, valued at $52,933,191.30. This represents a 0.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Silvaco Group Trading Up 1.8 %

Silvaco Group stock opened at $5.07 on Monday. The stock has a market cap of $145.37 million and a P/E ratio of -3.23. The company has a fifty day simple moving average of $7.24 and a 200-day simple moving average of $9.00. Silvaco Group, Inc. has a 12-month low of $4.50 and a 12-month high of $21.59.

Institutional Investors Weigh In On Silvaco Group

Several hedge funds and other institutional investors have recently bought and sold shares of SVCO. Samjo Management LLC acquired a new stake in Silvaco Group during the 4th quarter worth $5,230,000. Capital Research Global Investors raised its stake in Silvaco Group by 19.9% during the 4th quarter. Capital Research Global Investors now owns 1,442,516 shares of the company’s stock worth $11,656,000 after acquiring an additional 239,631 shares in the last quarter. Kennedy Capital Management LLC acquired a new stake in Silvaco Group during the 4th quarter worth $1,823,000. Jane Street Group LLC acquired a new stake in Silvaco Group during the 3rd quarter worth $2,788,000. Finally, JPMorgan Chase & Co. acquired a new stake in Silvaco Group during the 3rd quarter worth $1,565,000.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on SVCO shares. Needham & Company LLC reissued a “buy” rating and issued a $19.00 price target on shares of Silvaco Group in a research report on Thursday, March 6th. TD Cowen decreased 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 reissued a “buy” rating and issued a $18.00 price target on shares of Silvaco Group in a research report on Thursday, March 6th. Finally, Craig Hallum decreased their price objective on shares of Silvaco Group from $17.00 to $15.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Silvaco Group has an average rating of “Buy” and a consensus price target of $19.17.

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.