Ovata Capital Management Ltd Buys Shares of 90,000 Silvaco Group, Inc. (NASDAQ:SVCO)

Ovata Capital Management Ltd acquired a new stake in shares of Silvaco Group, Inc. (NASDAQ:SVCO - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 90,000 shares of the company's stock, valued at approximately $1,618,000. Silvaco Group accounts for 0.9% of Ovata Capital Management Ltd's portfolio, making the stock its 22nd biggest position. Ovata Capital Management Ltd owned approximately 0.34% of Silvaco Group as of its most recent filing with the Securities & Exchange Commission.

Separately, Allspring Global Investments Holdings LLC bought a new position in shares of Silvaco Group in the second quarter valued at approximately $3,485,000.

Silvaco Group Trading Down 1.7 %

Shares of NASDAQ SVCO traded down $0.24 during mid-day trading on Friday, hitting $14.18. The company's stock had a trading volume of 600,966 shares, compared to its average volume of 260,492. Silvaco Group, Inc. has a one year low of $14.06 and a one year high of $21.59. The company has a fifty day simple moving average of $17.06.

Silvaco Group (NASDAQ:SVCO - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($0.81) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.67) by ($0.14). The business had revenue of $14.96 million for the quarter, compared to analysts' expectations of $14.68 million. As a group, equities research analysts anticipate that Silvaco Group, Inc. will post -0.63 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on SVCO shares. Rosenblatt Securities reaffirmed a "buy" rating and set a $26.00 price target on shares of Silvaco Group in a report on Friday, June 21st. B. Riley reaffirmed a "buy" rating and issued a $28.00 price target (up from $26.00) on shares of Silvaco Group in a report on Friday, June 21st. Jefferies Financial Group began coverage on shares of Silvaco Group in a report on Monday, June 3rd. They set a "buy" rating and a $25.00 price objective on the stock. TD Cowen assumed coverage on shares of Silvaco Group in a research note on Monday, June 3rd. They issued a "buy" rating and a $23.00 target price for the company. Finally, Craig Hallum initiated coverage on shares of Silvaco Group in a research report on Tuesday, June 4th. They set a "buy" rating and a $25.00 target price on the stock. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Silvaco Group has an average rating of "Buy" and an average target price of $25.83.

Silvaco Group Company 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.