Virtu Financial LLC Acquires New Stake in Silvaco Group, Inc. (NASDAQ:SVCO)

Virtu Financial LLC bought a new position in Silvaco Group, Inc. (NASDAQ:SVCO) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 15,133 shares of the company’s stock, valued at approximately $216,000. Virtu Financial LLC owned about 0.05% of Silvaco Group at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC bought a new stake in Silvaco Group during the 2nd quarter valued at about $3,485,000. Ovata Capital Management Ltd purchased a new position in Silvaco Group in the 2nd quarter worth approximately $1,618,000. Federated Hermes Inc. bought a new position in Silvaco Group in the 2nd quarter valued at approximately $216,000. First Eagle Investment Management LLC purchased a new stake in Silvaco Group during the 2nd quarter valued at $3,469,000. Finally, XTX Topco Ltd bought a new stake in shares of Silvaco Group in the 2nd quarter worth $402,000.

Silvaco Group Stock Down 7.7 %

Shares of SVCO stock opened at $8.11 on Thursday. The company has a 50 day simple moving average of $7.82 and a two-hundred day simple moving average of $13.43. Silvaco Group, Inc. has a 12 month low of $6.14 and a 12 month high of $21.59.

Analyst Ratings Changes

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

Insider Transactions at Silvaco Group

In related news, insider Eric Guichard sold 25,000 shares of the stock in a transaction that occurred on 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 sale, the insider now directly owns 57,902 shares of the company’s stock, valued at approximately $416,315.38. This represents a 30.16 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Silvaco Group 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.