Geode Capital Management LLC Acquires 74,644 Shares of Silvaco Group, Inc. (NASDAQ:SVCO)

Geode Capital Management LLC lifted its stake in Silvaco Group, Inc. (NASDAQ:SVCO) by 111.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 141,386 shares of the company’s stock after purchasing an additional 74,644 shares during the period. Geode Capital Management LLC owned 0.50% of Silvaco Group worth $2,022,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in SVCO. Centiva Capital LP bought a new stake in shares of Silvaco Group in the 3rd quarter valued at $145,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Silvaco Group in the third quarter worth about $173,000. MeadowBrook Investment Advisors LLC raised its position in shares of Silvaco Group by 106.2% during the third quarter. MeadowBrook Investment Advisors LLC now owns 13,260 shares of the company’s stock worth $190,000 after purchasing an additional 6,830 shares during the period. Federated Hermes Inc. bought a new position in shares of Silvaco Group during the 2nd quarter valued at about $216,000. Finally, Verition Fund Management LLC acquired a new position in shares of Silvaco Group in the 3rd quarter valued at approximately $217,000.

Silvaco Group Stock Down 6.7 %

Shares of SVCO opened at $7.86 on Thursday. The stock’s 50-day moving average price is $7.83 and its two-hundred day moving average price is $12.45. Silvaco Group, Inc. has a 12 month low of $6.14 and a 12 month high of $21.59.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Craig Hallum reduced their target price on shares of Silvaco Group from $25.00 to $17.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. TD Cowen decreased their price objective on Silvaco Group from $20.00 to $15.00 and set a “buy” rating for the company in a report on Wednesday, November 13th. Rosenblatt Securities dropped their target price on Silvaco Group from $26.00 to $18.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. B. Riley reaffirmed a “buy” rating and set a $26.00 price target on shares of Silvaco Group in a research report on Thursday, September 19th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $19.00 price objective on shares of Silvaco Group in a report on Wednesday, November 13th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Silvaco Group presently has an average rating of “Buy” and an average target price of $20.00.

Insider Activity at Silvaco Group

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

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.