Barclays PLC Sells 11,406 Shares of Silvaco Group, Inc. (NASDAQ:SVCO)

Barclays PLC lowered its stake in Silvaco Group, Inc. (NASDAQ:SVCO) by 54.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,515 shares of the company’s stock after selling 11,406 shares during the period. Barclays PLC’s holdings in Silvaco Group were worth $77,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kennedy Capital Management LLC bought a new stake in shares of Silvaco Group in the 4th quarter valued at $1,823,000. Federated Hermes Inc. lifted its holdings in Silvaco Group by 300.0% during the 4th quarter. Federated Hermes Inc. now owns 48,000 shares of the company’s stock valued at $388,000 after purchasing an additional 36,000 shares during the last quarter. Aristides Capital LLC bought a new stake in shares of Silvaco Group during the fourth quarter worth approximately $86,000. Samjo Management LLC bought a new stake in Silvaco Group in the 4th quarter valued at about $5,230,000. Finally, Geode Capital Management LLC grew its stake in Silvaco Group by 16.8% during the fourth quarter. Geode Capital Management LLC now owns 165,192 shares of the company’s stock worth $1,335,000 after buying an additional 23,806 shares in the last quarter.

Insider Activity at Silvaco Group

In other Silvaco Group news, major shareholder Katherine S. Ngai-Pesic sold 25,000 shares of the 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 sale, the insider now owns 10,461,105 shares in the company, valued at approximately $52,933,191.30. This trade represents a 0.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 38.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Rosenblatt Securities cut their target price on shares of Silvaco Group from $18.00 to $14.00 and set a “buy” rating on the stock in a research report on Thursday, May 8th. Needham & Company LLC cut their price target on Silvaco Group from $19.00 to $10.00 and set a “buy” rating for the company in a research note on Monday. TD Cowen reduced their price target on shares of Silvaco Group from $15.00 to $12.00 and set a “buy” rating for the company in a research report on Thursday, March 6th. Finally, Craig Hallum dropped their price target on shares of Silvaco Group from $17.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, January 15th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $17.00.

Silvaco Group Stock Up 12.5%

NASDAQ SVCO opened at $5.03 on Thursday. The company has a market capitalization of $147.81 million and a price-to-earnings ratio of -2.18. Silvaco Group, Inc. has a twelve month low of $3.55 and a twelve month high of $20.69. The stock’s 50-day simple moving average is $4.74 and its two-hundred day simple moving average is $6.63.

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.