BNP Paribas Financial Markets Invests $736,000 in Silvaco Group, Inc. (NASDAQ:SVCO)

BNP Paribas Financial Markets purchased a new stake in Silvaco Group, Inc. (NASDAQ:SVCO) during the third quarter, according to its most recent filing with the SEC. The firm purchased 51,442 shares of the company’s stock, valued at approximately $736,000. BNP Paribas Financial Markets owned 0.20% of Silvaco Group at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Lynrock Lake LP acquired a new stake in Silvaco Group in the second quarter valued at approximately $3,596,000. Allspring Global Investments Holdings LLC purchased a new position in Silvaco Group during the 2nd quarter worth $3,485,000. First Eagle Investment Management LLC acquired a new position in Silvaco Group during the 2nd quarter valued at about $3,469,000. Davidson Kempner Capital Management LP purchased a new stake in Silvaco Group in the second quarter valued at about $3,182,000. Finally, Ovata Capital Management Ltd purchased a new stake in Silvaco Group in the second quarter valued at about $1,618,000.

Silvaco Group Price Performance

Shares of Silvaco Group stock opened at $8.33 on Friday. The business has a 50 day simple moving average of $8.09 and a two-hundred day simple moving average of $13.75. Silvaco Group, Inc. has a 12 month low of $6.14 and a 12 month high of $21.59.

Analyst Ratings Changes

SVCO has been the topic of several recent analyst reports. Rosenblatt Securities cut their price objective on shares of Silvaco Group from $26.00 to $18.00 and set a “buy” rating on the stock in a report on Thursday, October 17th. TD Cowen cut their price target on shares of Silvaco Group from $20.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, November 13th. Craig Hallum dropped their price objective 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. B. Riley reissued a “buy” rating and set a $26.00 target price on shares of Silvaco Group in a report on Thursday, September 19th. Finally, Needham & Company LLC reissued a “buy” rating and set a $19.00 price target on shares of Silvaco Group in a report on Wednesday, November 13th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $20.00.

Insider Buying and Selling at Silvaco Group

In other news, insider Eric Guichard sold 25,000 shares of the company’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 value of $179,750.00. Following the completion of the sale, the insider now directly owns 57,902 shares in the company, valued at $416,315.38. This represents a 30.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Silvaco Group Company 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.