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 the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $7.19, for a total value of $179,750.00. Following the completion of the transaction, the insider now directly owns 57,902 shares of the company’s stock, valued at $416,315.38. This represents a 30.16 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Silvaco Group Trading Down 3.3 %

SVCO opened at $7.39 on Monday. The stock’s 50-day simple moving average is $10.57. Silvaco Group, Inc. has a fifty-two week low of $6.14 and a fifty-two week high of $21.59.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on SVCO shares. TD Cowen reduced their price target on Silvaco Group from $20.00 to $15.00 and set a “buy” rating for the company in a report on Wednesday, November 13th. Craig Hallum reduced their price target on Silvaco Group from $25.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. B. Riley reissued a “buy” rating and issued a $26.00 price target on shares of Silvaco Group in a report on Thursday, September 19th. Rosenblatt Securities reduced their target price on Silvaco Group from $26.00 to $18.00 and set a “buy” rating on the stock in a report on Thursday, October 17th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $19.00 price target on shares of Silvaco Group in a report on Wednesday, November 13th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $20.00.

Hedge Funds Weigh In On Silvaco Group

Several institutional investors have recently made changes to their positions in the stock. Lynrock Lake LP bought a new stake in shares of Silvaco Group in the 2nd quarter worth approximately $3,596,000. Jane Street Group LLC bought a new stake in shares of Silvaco Group in the 3rd quarter worth approximately $2,788,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Silvaco Group in the 2nd quarter worth approximately $3,485,000. First Eagle Investment Management LLC bought a new stake in shares of Silvaco Group in the 2nd quarter worth approximately $3,469,000. Finally, Davidson Kempner Capital Management LP bought a new stake in shares of Silvaco Group in the 2nd quarter worth approximately $3,182,000.

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.