Verition Fund Management LLC Takes Position in Silvaco Group, Inc. (NASDAQ:SVCO)

Verition Fund Management LLC purchased a new position in shares of Silvaco Group, Inc. (NASDAQ:SVCO) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 15,185 shares of the company’s stock, valued at approximately $217,000. Verition Fund Management LLC owned 0.06% of Silvaco Group as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. 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 stake in Silvaco Group during the 2nd quarter valued at $216,000. Point72 DIFC Ltd acquired a new position in Silvaco Group during the second quarter worth $235,000. Cubist Systematic Strategies LLC bought a new position in shares of Silvaco Group in the second quarter valued at $366,000. Finally, XTX Topco Ltd acquired a new position in shares of Silvaco Group during the second quarter valued at about $402,000.

Analyst Upgrades and Downgrades

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

Silvaco Group Price Performance

Silvaco Group stock opened at $8.27 on Monday. Silvaco Group, Inc. has a twelve month low of $6.14 and a twelve month high of $21.59. The firm has a 50 day moving average price of $8.02 and a 200-day moving average price of $13.60.

Insider Buying and Selling at Silvaco Group

In related news, insider Eric Guichard sold 25,000 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $7.19, for a total value of $179,750.00. Following the sale, the insider now directly owns 57,902 shares in the company, valued at approximately $416,315.38. The trade was a 30.16 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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.