Samjo Management LLC Buys Shares of 647,300 Silvaco Group, Inc. (NASDAQ:SVCO)

Samjo Management LLC acquired a new stake in Silvaco Group, Inc. (NASDAQ:SVCO - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 647,300 shares of the company's stock, valued at approximately $5,230,000. Silvaco Group comprises approximately 2.0% of Samjo Management LLC's investment portfolio, making the stock its 16th biggest holding. Samjo Management LLC owned about 2.27% of Silvaco Group at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new position in shares of Silvaco Group during the fourth quarter worth $25,000. New York State Common Retirement Fund acquired a new position in Silvaco Group in the 4th quarter valued at about $81,000. Centiva Capital LP purchased a new stake in Silvaco Group during the third quarter worth about $145,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Silvaco Group during the third quarter worth about $173,000. Finally, Virtu Financial LLC acquired a new position in shares of Silvaco Group in the third quarter valued at approximately $216,000.

Insider Activity

In other news, major shareholder Katherine S. Ngai-Pesic sold 25,000 shares of the company's 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 transaction, the insider now directly owns 10,461,105 shares of the company's stock, valued at approximately $52,933,191.30. This represents a 0.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Analyst Ratings Changes

A number of brokerages have commented on SVCO. Rosenblatt Securities reissued a "buy" rating and issued a $18.00 price objective on shares of Silvaco Group in a research report on Thursday, March 6th. Craig Hallum cut their price target on Silvaco Group from $17.00 to $15.00 and set a "buy" rating on the stock in a research note on Wednesday, January 15th. Needham & Company LLC reaffirmed a "buy" rating and set a $19.00 price objective on shares of Silvaco Group in a research report on Thursday, March 6th. Finally, TD Cowen decreased their target price on Silvaco Group from $15.00 to $12.00 and set a "buy" rating for the company in a research note on Thursday, March 6th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Silvaco Group has an average rating of "Buy" and a consensus price target of $19.17.

Silvaco Group Price Performance

Shares of NASDAQ SVCO traded down $0.10 during midday trading on Thursday, reaching $4.15. 24,014 shares of the company traded hands, compared to its average volume of 318,284. The stock has a 50-day moving average price of $5.75 and a 200 day moving average price of $7.66. The company has a market cap of $119.10 million and a price-to-earnings ratio of -2.64. 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.