Russell Investments Group Ltd. Has $816,000 Holdings in Silvaco Group, Inc. (NASDAQ:SVCO)

Russell Investments Group Ltd. lowered its position in Silvaco Group, Inc. (NASDAQ:SVCO - Free Report) by 53.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,022 shares of the company's stock after selling 115,091 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.35% of Silvaco Group worth $816,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of SVCO. Samjo Management LLC acquired a new position in Silvaco Group during the fourth quarter worth $5,230,000. First Eagle Investment Management LLC boosted its position in Silvaco Group by 16.3% during the fourth quarter. First Eagle Investment Management LLC now owns 458,606 shares of the company's stock worth $3,706,000 after purchasing an additional 64,142 shares during the period. Geode Capital Management LLC grew its holdings in Silvaco Group by 16.8% during the fourth quarter. Geode Capital Management LLC now owns 165,192 shares of the company's stock valued at $1,335,000 after purchasing an additional 23,806 shares during the last quarter. JPMorgan Chase & Co. bought a new position in shares of Silvaco Group in the third quarter valued at approximately $1,565,000. Finally, Werba Rubin Papier Wealth Management bought a new stake in shares of Silvaco Group during the 4th quarter worth $808,000.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on SVCO shares. Needham & Company LLC restated a "buy" rating and set a $19.00 price target on shares of Silvaco Group in a report on Thursday, March 6th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $18.00 price target on shares of Silvaco Group in a research report on Thursday, March 6th. TD Cowen reduced their price objective 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, Craig Hallum dropped their target price 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. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Silvaco Group has a consensus rating of "Buy" and an average 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 business's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $5.06, for a total value of $126,500.00. Following the sale, the insider now owns 10,461,105 shares of the company's stock, valued at $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 is available through this hyperlink. 38.40% of the stock is currently owned by insiders.

Silvaco Group Stock Performance

Shares of SVCO stock remained flat at $5.18 during mid-day trading on Friday. 96,935 shares of the stock were exchanged, compared to its average volume of 308,119. The firm's fifty day moving average is $5.03 and its 200-day moving average is $6.96. The company has a market capitalization of $149.21 million and a P/E ratio of -3.30. Silvaco Group, Inc. has a 52 week low of $3.55 and a 52 week 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.