Point72 DIFC Ltd Buys Shares of 13,074 Silvaco Group, Inc. (NASDAQ:SVCO)

Point72 DIFC Ltd purchased a new position in shares of Silvaco Group, Inc. (NASDAQ:SVCO) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,074 shares of the company’s stock, valued at approximately $235,000.

Several other hedge funds have also made changes to their positions in SVCO. Federated Hermes Inc. purchased a new stake in Silvaco Group during the 2nd quarter worth approximately $216,000. XTX Topco Ltd acquired a new stake in shares of Silvaco Group in the second quarter valued at $402,000. Marshall Wace LLP purchased a new position in Silvaco Group in the second quarter valued at $699,000. Ovata Capital Management Ltd acquired a new position in Silvaco Group during the 2nd quarter worth $1,618,000. Finally, Davidson Kempner Capital Management LP purchased a new stake in Silvaco Group during the 2nd quarter worth about $3,182,000.

Silvaco Group Trading Up 2.8 %

NASDAQ SVCO opened at $15.47 on Friday. The firm has a fifty day moving average of $15.96. Silvaco Group, Inc. has a 12 month low of $13.99 and a 12 month high of $21.59.

Silvaco Group (NASDAQ:SVCO) last issued its quarterly earnings data on Wednesday, August 7th. The company reported ($0.81) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.67) by ($0.14). The business had revenue of $14.96 million during the quarter, compared to the consensus estimate of $14.68 million. On average, research analysts forecast that Silvaco Group, Inc. will post -0.63 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on SVCO. TD Cowen started coverage on Silvaco Group in a research report on Monday, June 3rd. They set a “buy” rating and a $23.00 price objective for the company. Rosenblatt Securities reiterated a “buy” rating and set a $26.00 price target on shares of Silvaco Group in a report on Tuesday, September 17th. B. Riley restated a “buy” rating and issued a $26.00 price objective on shares of Silvaco Group in a report on Thursday, September 19th. Needham & Company LLC reiterated a “buy” rating and set a $28.00 target price on shares of Silvaco Group in a research note on Friday, June 21st. Finally, Jefferies Financial Group initiated coverage on Silvaco Group in a research note on Monday, June 3rd. They issued a “buy” rating and a $25.00 price target on the stock. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $25.50.

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.