Barclays PLC acquired a new stake in Silvaco Group, Inc. (NASDAQ:SVCO – Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 20,921 shares of the company’s stock, valued at approximately $298,000.
Other institutional investors have also added to or reduced their stakes in the company. MeadowBrook Investment Advisors LLC boosted its holdings in shares of Silvaco Group by 106.2% in the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 13,260 shares of the company’s stock valued at $190,000 after purchasing an additional 6,830 shares in the last quarter. Centiva Capital LP acquired a new stake in Silvaco Group in the third quarter valued at about $145,000. Federated Hermes Inc. bought a new position in Silvaco Group in the second quarter valued at about $216,000. Y Intercept Hong Kong Ltd acquired a new position in Silvaco Group during the third quarter worth about $173,000. Finally, Point72 DIFC Ltd bought a new position in shares of Silvaco Group in the second quarter worth about $235,000.
Insiders Place Their Bets
In other Silvaco Group news, insider Eric Guichard sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $7.19, for a total transaction of $179,750.00. Following the completion of the transaction, the insider now owns 57,902 shares in the company, valued at approximately $416,315.38. This trade represents a 30.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Silvaco Group Trading Up 1.2 %
Wall Street Analyst Weigh In
A number of research firms recently issued reports on SVCO. TD Cowen lowered their price objective 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, November 13th. Needham & Company LLC reiterated a “buy” rating and set a $19.00 price target on shares of Silvaco Group in a report on Wednesday, November 13th. Rosenblatt Securities reissued a “buy” rating and set a $18.00 price objective on shares of Silvaco Group in a report on Wednesday, January 15th. Finally, Craig Hallum reduced their price objective on Silvaco Group from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $19.67.
Check Out 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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