First Eagle Investment Management LLC Buys 64,142 Shares of Silvaco Group, Inc. (NASDAQ:SVCO)

First Eagle Investment Management LLC increased its stake in shares of Silvaco Group, Inc. (NASDAQ:SVCO - Free Report) by 16.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 458,606 shares of the company's stock after purchasing an additional 64,142 shares during the period. First Eagle Investment Management LLC owned approximately 1.61% of Silvaco Group worth $3,706,000 at the end of the most recent reporting period.

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

Insider Buying and Selling at Silvaco Group

In related news, major shareholder Katherine S. Ngai-Pesic sold 25,000 shares of Silvaco Group stock in a transaction 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 sale, the insider now owns 10,461,105 shares of the company's stock, valued at approximately $52,933,191.30. This trade represents a 0.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Craig Hallum dropped their price objective on shares of Silvaco Group from $17.00 to $15.00 and set a "buy" rating on the stock in a report on Wednesday, January 15th. TD Cowen lowered their price objective on shares of Silvaco Group from $15.00 to $12.00 and set a "buy" rating on the stock in a research report on Thursday, March 6th. Rosenblatt Securities restated a "buy" rating and set a $18.00 price target on shares of Silvaco Group in a research note on Thursday, March 6th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $19.00 target price on shares of Silvaco Group in a research note on Thursday, March 6th. Six analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $19.17.

Silvaco Group Price Performance

SVCO traded up $0.04 on Thursday, hitting $5.17. 80,191 shares of the stock were exchanged, compared to its average volume of 329,719. The firm has a market capitalization of $148.23 million and a price-to-earnings ratio of -3.29. Silvaco Group, Inc. has a 12 month low of $4.50 and a 12 month high of $21.59. The business has a 50-day moving average of $7.04 and a two-hundred day moving average of $8.83.

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.