Werba Rubin Papier Wealth Management Takes Position in Silvaco Group, Inc. (NASDAQ:SVCO)

Werba Rubin Papier Wealth Management acquired a new position in shares of Silvaco Group, Inc. (NASDAQ:SVCO) in the 4th quarter, Holdings Channel reports. The fund acquired 100,000 shares of the company’s stock, valued at approximately $808,000.

A number of other large investors also recently modified their holdings of SVCO. Jane Street Group LLC bought a new stake in Silvaco Group in the 3rd quarter valued at $2,788,000. JPMorgan Chase & Co. bought a new stake in Silvaco Group during the third quarter worth about $1,565,000. Geode Capital Management LLC grew its position in Silvaco Group by 111.8% during the 3rd quarter. Geode Capital Management LLC now owns 141,386 shares of the company’s stock worth $2,022,000 after acquiring an additional 74,644 shares during the last quarter. BNP Paribas Financial Markets acquired a new position in Silvaco Group in the third quarter worth $736,000. Finally, State Street Corp grew its holdings in Silvaco Group by 205.3% during the 3rd quarter. State Street Corp now owns 68,377 shares of the company’s stock worth $978,000 after acquiring an additional 45,977 shares during the last quarter.

Silvaco Group Stock Up 1.1 %

Shares of SVCO opened at $7.04 on Wednesday. Silvaco Group, Inc. has a twelve month low of $6.14 and a twelve month high of $21.59. The firm’s 50 day moving average price is $8.11 and its two-hundred day moving average price is $10.29.

Analysts Set New Price Targets

SVCO has been the topic of several research reports. Craig Hallum reduced their price objective on Silvaco Group from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. Needham & Company LLC reissued a “buy” rating and set a $19.00 price target on shares of Silvaco Group in a research note on Wednesday, November 13th. TD Cowen lowered their target price on shares of Silvaco Group from $20.00 to $15.00 and set a “buy” rating for the company in a report on Wednesday, November 13th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $18.00 price objective on shares of Silvaco Group in a report on Wednesday, January 15th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Silvaco Group presently has a consensus rating of “Buy” and a consensus target price of $19.67.

About Silvaco Group

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.