Kennedy Capital Management LLC Buys Shares of 225,594 Silvaco Group, Inc. (NASDAQ:SVCO)

Kennedy Capital Management LLC acquired a new stake in shares of Silvaco Group, Inc. (NASDAQ:SVCO - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 225,594 shares of the company's stock, valued at approximately $1,823,000. Kennedy Capital Management LLC owned approximately 0.79% of Silvaco Group at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. R Squared Ltd bought a new position in Silvaco Group during the 4th quarter valued at approximately $25,000. New York State Common Retirement Fund purchased a new position in shares of Silvaco Group during the fourth quarter valued at approximately $81,000. Aristides Capital LLC purchased a new position in Silvaco Group in the fourth quarter worth about $86,000. Y Intercept Hong Kong Ltd purchased a new stake in Silvaco Group during the 3rd quarter valued at $173,000. Finally, Virtu Financial LLC bought a new stake in Silvaco Group in the 3rd quarter worth approximately $216,000.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SVCO. TD Cowen dropped their target price on shares of Silvaco Group from $15.00 to $12.00 and set a "buy" rating for the company in a report on Thursday, March 6th. Rosenblatt Securities restated a "buy" rating and issued a $18.00 price target on shares of Silvaco Group in a report on Thursday, March 6th. Craig Hallum dropped their target price on Silvaco Group from $17.00 to $15.00 and set a "buy" rating on the stock in a research report on Wednesday, January 15th. Finally, Needham & Company LLC restated 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 data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $19.17.

Insider Activity at Silvaco Group

In related news, major shareholder Katherine S. Ngai-Pesic sold 25,000 shares of the firm's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $5.06, for a total transaction of $126,500.00. Following the completion of the sale, the insider now directly owns 10,461,105 shares in the company, valued at approximately $52,933,191.30. This trade represents a 0.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Silvaco Group Price Performance

NASDAQ:SVCO traded down $0.10 during trading hours on Friday, reaching $4.40. The company had a trading volume of 77,290 shares, compared to its average volume of 313,115. The firm has a market cap of $126.74 million and a PE ratio of -2.80. The business's 50 day moving average price is $5.25 and its 200-day moving average price is $7.21. Silvaco Group, Inc. has a 1-year low of $3.55 and a 1-year high of $21.59.

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.