109,449 Shares in Silvaco Group, Inc. (NASDAQ:SVCO) Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. bought a new position in Silvaco Group, Inc. (NASDAQ:SVCO) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 109,449 shares of the company’s stock, valued at approximately $1,565,000. JPMorgan Chase & Co. owned 0.38% of Silvaco Group at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SVCO. Centiva Capital LP acquired a new position in shares of Silvaco Group during the 3rd quarter worth about $145,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Silvaco Group during the 3rd quarter worth about $173,000. Point72 DIFC Ltd acquired a new position in shares of Silvaco Group during the 2nd quarter worth about $235,000. MeadowBrook Investment Advisors LLC boosted its stake in shares of Silvaco Group by 106.2% during the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 13,260 shares of the company’s stock worth $190,000 after buying an additional 6,830 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of Silvaco Group during the 3rd quarter worth about $216,000.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on SVCO shares. Needham & Company LLC restated a “buy” rating and set a $19.00 price objective on shares of Silvaco Group in a research note on Wednesday, November 13th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $18.00 target price on shares of Silvaco Group in a report on Wednesday, January 15th. Craig Hallum dropped their target price on shares of Silvaco Group from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. Finally, TD Cowen dropped their target price on shares of Silvaco Group from $20.00 to $15.00 and set a “buy” rating on the stock in a report on Wednesday, November 13th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $19.67.

Silvaco Group Price Performance

Silvaco Group stock opened at $9.66 on Friday. Silvaco Group, Inc. has a twelve month low of $6.14 and a twelve month high of $21.59. The company’s 50-day moving average price is $8.13 and its two-hundred day moving average price is $11.72.

Insider Buying and Selling at Silvaco Group

In other Silvaco Group news, insider Eric Guichard sold 25,000 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $7.19, for a total value of $179,750.00. Following the transaction, the insider now directly owns 57,902 shares of the company’s stock, valued at $416,315.38. This represents a 30.16 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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.