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

Silvaco Group, Inc. (NASDAQ:SVCO) insider Eric Guichard sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was 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 of the company’s stock, valued at $416,315.38. This represents a 30.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Silvaco Group Price Performance

Shares of SVCO opened at $7.39 on Friday. Silvaco Group, Inc. has a fifty-two week low of $6.14 and a fifty-two week high of $21.59. The business’s 50-day simple moving average is $10.57.

Institutional Trading of Silvaco Group

A number of hedge funds have recently added to or reduced their stakes in SVCO. Point72 Asset Management L.P. purchased a new stake in shares of Silvaco Group during the second quarter worth approximately $1,182,000. Davidson Kempner Capital Management LP purchased a new position in Silvaco Group during the 2nd quarter worth $3,182,000. Ghisallo Capital Management LLC acquired a new stake in shares of Silvaco Group in the 2nd quarter worth $899,000. First Eagle Investment Management LLC purchased a new stake in shares of Silvaco Group in the second quarter valued at about $3,469,000. Finally, Ovata Capital Management Ltd purchased a new stake in shares of Silvaco Group in the second quarter valued at about $1,618,000.

Wall Street Analyst Weigh In

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

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.