24,341 Shares in Silvaco Group, Inc. (NASDAQ:SVCO) Acquired by XTX Topco Ltd

XTX Topco Ltd bought a new position in shares of Silvaco Group, Inc. (NASDAQ:SVCO) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 24,341 shares of the company’s stock, valued at approximately $197,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SVCO. R Squared Ltd acquired a new stake in Silvaco Group during the 4th quarter worth approximately $25,000. New York State Common Retirement Fund purchased a new position in Silvaco Group in the 4th quarter worth approximately $81,000. Aristides Capital LLC purchased a new position in Silvaco Group in the 4th quarter worth approximately $86,000. Virtu Financial LLC purchased a new position in Silvaco Group in the 3rd quarter worth approximately $216,000. Finally, American Century Companies Inc. purchased a new position in Silvaco Group in the 4th quarter worth approximately $262,000.

Silvaco Group Stock Performance

Silvaco Group stock opened at $5.18 on Monday. The stock has a market cap of $149.21 million and a P/E ratio of -3.30. The stock has a 50 day moving average of $5.03 and a 200-day moving average of $6.89. Silvaco Group, Inc. has a 52 week low of $3.55 and a 52 week high of $21.59.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on SVCO shares. Needham & Company LLC restated a “buy” rating and issued a $19.00 price target on shares of Silvaco Group in a report on Thursday, March 6th. TD Cowen decreased their price target on Silvaco Group from $15.00 to $12.00 and set a “buy” rating for the company in a report on Thursday, March 6th. Craig Hallum decreased their price target 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, 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. Six investment 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 an average target price of $19.17.

Insider Activity

In related news, major shareholder Katherine S. Ngai-Pesic sold 25,000 shares of the company’s stock in a transaction that occurred 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 sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 38.40% of the company’s stock.

Silvaco Group 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.