Silvaco Group, Inc. (NASDAQ:SVCO) Stock Holdings Boosted by Capital Research Global Investors

Capital Research Global Investors lifted its stake in shares of Silvaco Group, Inc. (NASDAQ:SVCO - Free Report) by 19.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,442,516 shares of the company's stock after purchasing an additional 239,631 shares during the period. Capital Research Global Investors owned about 5.07% of Silvaco Group worth $11,656,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. State Street Corp lifted its holdings in Silvaco Group by 205.3% during the 3rd quarter. State Street Corp now owns 68,377 shares of the company's stock worth $978,000 after buying an additional 45,977 shares during the last quarter. Barclays PLC acquired a new stake in shares of Silvaco Group during the 3rd quarter valued at approximately $298,000. Geode Capital Management LLC lifted its stake 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 purchasing an additional 74,644 shares during the last quarter. Virtu Financial LLC acquired a new position in Silvaco Group in the third quarter worth $216,000. Finally, JPMorgan Chase & Co. acquired a new position in Silvaco Group in the third quarter worth $1,565,000.

Silvaco Group Price Performance

Shares of NASDAQ:SVCO remained flat at $5.18 during trading hours on Friday. 96,935 shares of the company's stock traded hands, compared to its average volume of 308,119. The firm has a fifty day moving average price of $5.06 and a two-hundred day moving average price of $7.01. The firm has a market capitalization of $149.21 million and a price-to-earnings ratio of -3.30. Silvaco Group, Inc. has a 12 month low of $3.55 and a 12 month high of $21.59.

Wall Street Analysts Forecast Growth

SVCO has been the topic of a number of recent research reports. Craig Hallum reduced their price target on shares of Silvaco Group from $17.00 to $15.00 and set a "buy" rating on the stock in a research report on Wednesday, January 15th. Rosenblatt Securities reissued a "buy" rating and issued a $18.00 target price on shares of Silvaco Group in a report on Thursday, March 6th. Needham & Company LLC reaffirmed a "buy" rating and set a $19.00 target price on shares of Silvaco Group in a report on Thursday, March 6th. Finally, TD Cowen dropped their price target on Silvaco Group from $15.00 to $12.00 and set a "buy" rating on the stock in a research report on Thursday, March 6th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $19.17.

Insider Buying and Selling

In related news, major shareholder Katherine S. Ngai-Pesic sold 25,000 shares of the stock in a transaction dated 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 owns 10,461,105 shares in the company, valued at $52,933,191.30. This represents a 0.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 38.40% of the company's stock.

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.