Silvaco Group, Inc. (NASDAQ:SVCO) Insider Eric Guichard Sells 25,000 Shares

Silvaco Group, Inc. (NASDAQ:SVCO) insider Eric Guichard sold 25,000 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $7.19, for a total value of $179,750.00. Following the completion of the sale, the insider now directly owns 57,902 shares of the company’s stock, valued at approximately $416,315.38. This trade represents a 30.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Silvaco Group Trading Down 3.3 %

Shares of SVCO stock opened at $7.39 on Friday. The business has a fifty day moving average price of $10.57. Silvaco Group, Inc. has a 12 month low of $6.14 and a 12 month high of $21.59.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SVCO. Lynrock Lake LP acquired a new stake in Silvaco Group during the 2nd quarter valued at approximately $3,596,000. Jane Street Group LLC purchased a new position in shares of Silvaco Group during the 3rd quarter valued at approximately $2,788,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Silvaco Group during the second quarter worth approximately $3,485,000. First Eagle Investment Management LLC acquired a new stake in Silvaco Group in the second quarter valued at $3,469,000. Finally, Davidson Kempner Capital Management LP bought a new position in Silvaco Group during the 2nd quarter valued at $3,182,000.

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.