Silvaco Group, Inc. (NASDAQ:SVCO – Get Free Report) Director Anthony K.K. Ngai acquired 10,000 shares of the firm’s stock in a transaction on Tuesday, November 18th. The shares were acquired at an average price of $4.26 per share, with a total value of $42,600.00. Following the completion of the purchase, the director owned 90,777 shares of the company’s stock, valued at $386,710.02. This trade represents a 12.38% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Anthony K.K. Ngai also recently made the following trade(s):
- On Thursday, September 11th, Anthony K.K. Ngai bought 2,000 shares of Silvaco Group stock. The stock was acquired at an average cost of $5.16 per share, for a total transaction of $10,320.00.
- On Wednesday, September 10th, Anthony K.K. Ngai bought 2,700 shares of Silvaco Group stock. The shares were acquired at an average price of $5.31 per share, for a total transaction of $14,337.00.
- On Tuesday, September 9th, Anthony K.K. Ngai purchased 2,000 shares of Silvaco Group stock. The shares were acquired at an average cost of $5.32 per share, with a total value of $10,640.00.
- On Monday, September 8th, Anthony K.K. Ngai purchased 5,000 shares of Silvaco Group stock. The stock was bought at an average price of $5.30 per share, with a total value of $26,500.00.
Silvaco Group Trading Up 3.5%
NASDAQ:SVCO traded up $0.15 during mid-day trading on Thursday, hitting $4.40. The company had a trading volume of 170,908 shares, compared to its average volume of 163,125. The business has a fifty day simple moving average of $5.47 and a 200-day simple moving average of $5.00. The firm has a market capitalization of $134.82 million, a price-to-earnings ratio of -4.27 and a beta of 3.18. Silvaco Group, Inc. has a 1 year low of $3.55 and a 1 year high of $9.93.
Institutional Trading of Silvaco Group
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Nisa Investment Advisors LLC boosted its stake in Silvaco Group by 4,961.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 5,264 shares of the company’s stock valued at $25,000 after acquiring an additional 5,160 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Silvaco Group in the 2nd quarter worth about $38,000. Blair William & Co. IL acquired a new stake in shares of Silvaco Group in the 1st quarter valued at about $46,000. Strs Ohio acquired a new stake in shares of Silvaco Group in the 1st quarter valued at about $50,000. Finally, JPMorgan Chase & Co. raised its stake in shares of Silvaco Group by 27.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 13,483 shares of the company’s stock valued at $64,000 after purchasing an additional 2,895 shares in the last quarter.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on SVCO shares. Rosenblatt Securities reiterated a “buy” rating and set a $12.00 price objective on shares of Silvaco Group in a research note on Tuesday, November 4th. TD Cowen lowered their price target on shares of Silvaco Group from $10.00 to $8.00 and set a “buy” rating for the company in a report on Friday, August 8th. Jefferies Financial Group raised shares of Silvaco Group to a “strong-buy” rating in a research note on Tuesday, October 28th. Wall Street Zen lowered shares of Silvaco Group from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Silvaco Group in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $11.25.
Read Our Latest Stock Analysis on SVCO
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.
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