New York State Common Retirement Fund Invests $81,000 in Silvaco Group, Inc. (NASDAQ:SVCO)

New York State Common Retirement Fund purchased a new stake in shares of Silvaco Group, Inc. (NASDAQ:SVCO) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 10,000 shares of the company’s stock, valued at approximately $81,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. MeadowBrook Investment Advisors LLC increased its stake in 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 buying an additional 6,830 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Silvaco Group by 57.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 44,468 shares of the company’s stock valued at $636,000 after acquiring an additional 16,222 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in Silvaco Group during the third quarter worth $736,000. Verition Fund Management LLC bought a new stake in Silvaco Group during the third quarter worth $217,000. Finally, Centiva Capital LP purchased a new position in Silvaco Group in the third quarter worth $145,000.

Silvaco Group Stock Performance

Shares of Silvaco Group stock opened at $6.11 on Thursday. Silvaco Group, Inc. has a 52-week low of $5.75 and a 52-week high of $21.59. The stock’s 50-day simple moving average is $7.70 and its 200 day simple moving average is $9.61.

Analysts Set New Price Targets

SVCO has been the subject of several research analyst reports. Craig Hallum decreased their target price on Silvaco Group from $17.00 to $15.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. Rosenblatt Securities restated a “buy” rating and set a $18.00 price objective on shares of Silvaco Group in a report on Wednesday, January 15th. 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 research note on Wednesday, November 13th. Finally, Needham & Company LLC restated a “buy” rating and set a $19.00 price target on shares of Silvaco Group in a research note on Wednesday, November 13th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $19.67.

Silvaco Group Company 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.