Silvaco Group, Inc. (NASDAQ:SVCO) Major Shareholder Sells $126,500.00 in Stock

Silvaco Group, Inc. (NASDAQ:SVCO - Get Free Report) major shareholder Katherine S. Ngai-Pesic sold 25,000 shares of the company's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $5.06, for a total transaction of $126,500.00. Following the transaction, the insider now owns 10,461,105 shares of the company's stock, valued at $52,933,191.30. This trade represents a 0.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Large shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.

Silvaco Group Stock Down 4.5 %

SVCO traded down $0.23 during trading on Tuesday, reaching $4.92. 242,227 shares of the stock traded hands, compared to its average volume of 331,838. The stock has a market capitalization of $141.07 million and a PE ratio of -3.13. The stock's 50-day moving average is $7.17 and its 200 day moving average is $8.93. Silvaco Group, Inc. has a 12 month low of $4.50 and a 12 month high of $21.59.

Analyst Ratings Changes

Several brokerages have recently issued reports on SVCO. Needham & Company LLC reiterated a "buy" rating and set a $19.00 price target on shares of Silvaco Group in a report on Thursday, March 6th. Rosenblatt Securities restated a "buy" rating and issued a $18.00 price objective on shares of Silvaco Group in a report on Thursday, March 6th. Craig Hallum decreased their price objective on Silvaco Group from $17.00 to $15.00 and set a "buy" rating for the company in a report on Wednesday, January 15th. Finally, TD Cowen decreased their price objective on Silvaco Group from $15.00 to $12.00 and set a "buy" rating for the company in a report on Thursday, March 6th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $19.17.

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Institutional Trading of Silvaco Group

Institutional investors have recently bought and sold shares of the company. R Squared Ltd bought a new stake in Silvaco Group during the fourth quarter valued at $25,000. New York State Common Retirement Fund bought a new position in shares of Silvaco Group during the 4th quarter worth about $81,000. Centiva Capital LP bought a new position in shares of Silvaco Group during the 3rd quarter worth about $145,000. Aristides Capital LLC bought a new position in shares of Silvaco Group during the 4th quarter worth about $86,000. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Silvaco Group during the 3rd quarter worth about $173,000.

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.