Virtu Financial LLC Purchases Shares of 15,133 Silvaco Group, Inc. (NASDAQ:SVCO)

Virtu Financial LLC acquired a new position in Silvaco Group, Inc. (NASDAQ:SVCO) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 15,133 shares of the company’s stock, valued at approximately $216,000.

Several other institutional investors have also recently made changes to their positions in the business. Point72 Asset Management L.P. purchased a new position in Silvaco Group in the 2nd quarter worth approximately $1,182,000. Davidson Kempner Capital Management LP bought a new position in shares of Silvaco Group during the second quarter worth $3,182,000. Ghisallo Capital Management LLC purchased a new stake in Silvaco Group in the 2nd quarter worth $899,000. First Eagle Investment Management LLC bought a new position in shares of Silvaco Group during the 2nd quarter valued at about $3,469,000. Finally, Ovata Capital Management Ltd purchased a new position in shares of Silvaco Group during the second quarter valued at about $1,618,000.

Analysts Set New Price Targets

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

Insider Activity

In related news, insider Eric Guichard sold 25,000 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $7.19, for a total transaction of $179,750.00. Following the transaction, the insider now directly owns 57,902 shares in the company, valued at approximately $416,315.38. This represents a 30.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Silvaco Group Stock Performance

Shares of SVCO opened at $8.11 on Thursday. The business has a fifty day moving average of $7.82 and a 200 day moving average of $13.43. Silvaco Group, Inc. has a 52-week low of $6.14 and a 52-week high of $21.59.

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.