Silvaco Group, Inc. (NASDAQ:SVCO) Shares Bought by First Eagle Investment Management LLC

First Eagle Investment Management LLC grew its holdings in shares of Silvaco Group, Inc. (NASDAQ:SVCO) by 16.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 458,606 shares of the company’s stock after buying an additional 64,142 shares during the period. First Eagle Investment Management LLC’s holdings in Silvaco Group were worth $3,706,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Jane Street Group LLC bought a new stake in shares of Silvaco Group during the third quarter valued at approximately $2,788,000. Geode Capital Management LLC raised its holdings in shares of Silvaco Group by 111.8% during the third quarter. Geode Capital Management LLC now owns 141,386 shares of the company’s stock valued at $2,022,000 after buying an additional 74,644 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in shares of Silvaco Group during the third quarter valued at approximately $1,565,000. Werba Rubin Papier Wealth Management bought a new stake in shares of Silvaco Group during the fourth quarter valued at approximately $808,000. Finally, State Street Corp raised its holdings in shares of Silvaco Group by 205.3% during the third quarter. State Street Corp now owns 68,377 shares of the company’s stock valued at $978,000 after buying an additional 45,977 shares during the last quarter.

Insider Buying and Selling at Silvaco Group

In other Silvaco Group news, major shareholder Katherine S. Ngai-Pesic sold 25,000 shares of the company’s stock in a transaction 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 transaction, the insider now owns 10,461,105 shares of the company’s stock, valued at approximately $52,933,191.30. This represents a 0.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Silvaco Group Stock Performance

NASDAQ SVCO opened at $5.07 on Friday. The stock has a market capitalization of $145.37 million and a P/E ratio of -3.23. Silvaco Group, Inc. has a 1 year low of $4.50 and a 1 year high of $21.59. The business’s fifty day moving average is $7.24 and its two-hundred day moving average is $9.05.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on SVCO shares. Rosenblatt Securities reaffirmed a “buy” rating and set a $18.00 price target on shares of Silvaco Group in a report on Thursday, March 6th. Needham & Company LLC reissued a “buy” rating and set a $19.00 target price on shares of Silvaco Group in a report on Thursday, March 6th. TD Cowen dropped their target price on Silvaco Group from $15.00 to $12.00 and set a “buy” rating on the stock in a report on Thursday, March 6th. Finally, Craig Hallum dropped their target price on Silvaco Group from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $19.17.

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.