JPMorgan Chase & Co. Buys New Position in Silvaco Group, Inc. (NASDAQ:SVCO)

JPMorgan Chase & Co. bought a new position in Silvaco Group, Inc. (NASDAQ:SVCO - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 109,449 shares of the company's stock, valued at approximately $1,565,000. JPMorgan Chase & Co. owned 0.38% of Silvaco Group at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Virtu Financial LLC acquired a new position in shares of Silvaco Group during the 3rd quarter worth about $216,000. Barclays PLC acquired a new stake in shares of Silvaco Group in the third quarter worth $298,000. Geode Capital Management LLC increased its position in Silvaco Group by 111.8% during the third quarter. Geode Capital Management LLC now owns 141,386 shares of the company's stock worth $2,022,000 after acquiring an additional 74,644 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in Silvaco Group during the 3rd quarter valued at $173,000. Finally, Jane Street Group LLC acquired a new position in Silvaco Group during the 3rd quarter valued at $2,788,000.

Silvaco Group Stock Up 1.4 %

Shares of NASDAQ SVCO traded up $0.14 during midday trading on Friday, reaching $9.80. 405,687 shares of the company traded hands, compared to its average volume of 190,079. The stock's 50-day simple moving average is $8.13 and its 200-day simple moving average is $11.72. Silvaco Group, Inc. has a 12 month low of $6.14 and a 12 month high of $21.59.

Insider Activity at Silvaco Group

In related news, insider Eric Guichard sold 25,000 shares of the company's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $7.19, for a total transaction of $179,750.00. Following the transaction, the insider now owns 57,902 shares in the company, valued at $416,315.38. This represents a 30.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Analyst Upgrades and Downgrades

SVCO has been the subject of a number of research analyst reports. Craig Hallum cut 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. Rosenblatt Securities restated a "buy" rating and set a $18.00 price objective on shares of Silvaco Group in a research report on Wednesday, January 15th. Needham & Company LLC reaffirmed a "buy" rating and issued a $19.00 target price on shares of Silvaco Group in a research report on Wednesday, November 13th. Finally, TD Cowen dropped their price objective on shares of Silvaco Group from $20.00 to $15.00 and set a "buy" rating for the company in a research note on Wednesday, November 13th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $19.67.

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.