Geode Capital Management LLC Acquires 74,644 Shares of Silvaco Group, Inc. (NASDAQ:SVCO)

Geode Capital Management LLC increased its holdings in Silvaco Group, Inc. (NASDAQ:SVCO) by 111.8% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 141,386 shares of the company’s stock after purchasing an additional 74,644 shares during the period. Geode Capital Management LLC’s holdings in Silvaco Group were worth $2,022,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. MeadowBrook Investment Advisors LLC boosted its holdings in shares of Silvaco Group by 106.2% in the third quarter. MeadowBrook Investment Advisors LLC now owns 13,260 shares of the company’s stock worth $190,000 after acquiring an additional 6,830 shares during the period. Centiva Capital LP purchased a new stake in Silvaco Group during the 3rd quarter worth about $145,000. Federated Hermes Inc. bought a new position in Silvaco Group in the 2nd quarter worth about $216,000. Y Intercept Hong Kong Ltd purchased a new position in Silvaco Group during the 3rd quarter valued at about $173,000. Finally, Point72 DIFC Ltd bought a new stake in shares of Silvaco Group during the second quarter valued at about $235,000.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on SVCO shares. B. Riley reaffirmed a “buy” rating and set a $26.00 target price on shares of Silvaco Group in a report on Thursday, September 19th. TD Cowen decreased their price target on shares of Silvaco Group from $20.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday, November 13th. Rosenblatt Securities lowered their price objective on Silvaco Group from $26.00 to $18.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. Craig Hallum reduced their target price on Silvaco Group from $25.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $19.00 price target on shares of Silvaco Group in a report on Wednesday, November 13th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, Silvaco Group currently has an average rating of “Buy” and a consensus price target of $20.00.

Silvaco Group Trading Down 6.7 %

Shares of SVCO opened at $7.86 on Thursday. The business’s fifty day simple moving average is $7.83 and its two-hundred day simple moving average is $12.45. Silvaco Group, Inc. has a 12 month low of $6.14 and a 12 month high of $21.59.

Insider Activity

In related news, insider Eric Guichard sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $7.19, for a total transaction of $179,750.00. Following the completion of the transaction, the insider now directly owns 57,902 shares in the company, valued at approximately $416,315.38. The trade was a 30.16 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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.