Boston Partners Has $193,000 Position in Silvaco Group, Inc. (NASDAQ:SVCO)

Boston Partners cut its position in Silvaco Group, Inc. (NASDAQ:SVCO - Free Report) by 90.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 23,837 shares of the company's stock after selling 217,339 shares during the period. Boston Partners owned about 0.08% of Silvaco Group worth $193,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SVCO. R Squared Ltd bought a new stake in Silvaco Group during the 4th quarter worth approximately $25,000. New York State Common Retirement Fund acquired a new stake in shares of Silvaco Group during the fourth quarter worth $81,000. Centiva Capital LP bought a new stake in Silvaco Group in the 3rd quarter valued at $145,000. Charles Schwab Investment Management Inc. boosted its stake in Silvaco Group by 26.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 56,057 shares of the company's stock worth $453,000 after purchasing an additional 11,589 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new position in Silvaco Group during the 3rd quarter worth about $173,000.

Insider Activity

In other news, major shareholder Katherine S. Ngai-Pesic sold 25,000 shares of the business'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 value of $126,500.00. Following the completion of the transaction, the insider now directly owns 10,461,105 shares in the company, valued at approximately $52,933,191.30. The trade was a 0.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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Silvaco Group Stock Down 0.6 %

Shares of SVCO traded down $0.03 during mid-day trading on Thursday, hitting $4.82. 78,866 shares of the company's stock were exchanged, compared to its average volume of 324,739. Silvaco Group, Inc. has a 52 week low of $4.50 and a 52 week high of $21.59. The stock's 50-day simple moving average is $6.77 and its 200-day simple moving average is $8.50. The firm has a market cap of $138.20 million and a price-to-earnings ratio of -3.07.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SVCO. Needham & Company LLC restated a "buy" rating and issued a $19.00 price target on shares of Silvaco Group in a report on Thursday, March 6th. Craig Hallum reduced their target price on shares of Silvaco Group from $17.00 to $15.00 and set a "buy" rating for the company in a report on Wednesday, January 15th. TD Cowen reduced their price target on Silvaco Group from $15.00 to $12.00 and set a "buy" rating for the company in a research report on Thursday, March 6th. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $18.00 target price on shares of Silvaco Group in a research note on Thursday, March 6th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average 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.