First Eagle Investment Management LLC Grows Stake in Silvaco Group, Inc. (NASDAQ:SVCO)

First Eagle Investment Management LLC raised its stake in Silvaco Group, Inc. (NASDAQ:SVCO) by 16.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 458,606 shares of the company’s stock after purchasing an additional 64,142 shares during the quarter. First Eagle Investment Management LLC owned about 1.61% of Silvaco Group worth $3,706,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. purchased a new position in Silvaco Group in the third quarter valued at about $1,565,000. Barclays PLC acquired a new stake in shares of Silvaco Group during the third quarter valued at about $298,000. Geode Capital Management LLC grew its stake in shares of Silvaco Group by 111.8% during the third quarter. Geode Capital Management LLC now owns 141,386 shares of the company’s stock valued at $2,022,000 after acquiring an additional 74,644 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Silvaco Group during the third quarter valued at about $2,788,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Silvaco Group by 57.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 44,468 shares of the company’s stock valued at $636,000 after acquiring an additional 16,222 shares in the last quarter.

Silvaco Group Stock Performance

NASDAQ:SVCO opened at $5.07 on Friday. The company has a market capitalization of $145.37 million and a price-to-earnings ratio of -3.23. Silvaco Group, Inc. has a one year low of $4.50 and a one year high of $21.59. The stock has a 50-day simple moving average of $7.24 and a 200 day simple moving average of $9.05.

Insider Buying and Selling at Silvaco Group

In other Silvaco Group news, major shareholder Katherine S. Ngai-Pesic sold 25,000 shares of Silvaco Group stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $5.06, for a total value of $126,500.00. Following the completion of the transaction, the insider now directly owns 10,461,105 shares in the company, valued at $52,933,191.30. The trade was a 0.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Analysts Set New Price Targets

Several analysts have recently weighed in on SVCO shares. Rosenblatt Securities restated a “buy” rating and set a $18.00 target price on shares of Silvaco Group in a research note on Thursday, March 6th. TD Cowen lowered their target price on Silvaco Group from $15.00 to $12.00 and set a “buy” rating for the company in a research note on Thursday, March 6th. Craig Hallum lowered their target price on Silvaco Group from $17.00 to $15.00 and set a “buy” rating for the company in a research note on Wednesday, January 15th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $19.00 price target on shares of Silvaco Group in a research note on Thursday, March 6th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $19.17.

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.