Silvaco Group, Inc. (NASDAQ:SVCO) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its holdings in Silvaco Group, Inc. (NASDAQ:SVCO) by 26.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,057 shares of the company’s stock after acquiring an additional 11,589 shares during the period. Charles Schwab Investment Management Inc. owned about 0.20% of Silvaco Group worth $453,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of SVCO. Jane Street Group LLC acquired a new position in Silvaco Group during the 3rd quarter worth $2,788,000. JPMorgan Chase & Co. purchased a new position in shares of Silvaco Group in the 3rd quarter valued at about $1,565,000. Werba Rubin Papier Wealth Management acquired a new position in shares of Silvaco Group during the fourth quarter worth about $808,000. Geode Capital Management LLC grew its position 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 worth $2,022,000 after buying an additional 74,644 shares in the last quarter. Finally, BNP Paribas Financial Markets purchased a new stake in shares of Silvaco Group during the third quarter worth approximately $736,000.

Analyst Ratings Changes

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

Insider Activity at Silvaco Group

In related news, major shareholder Katherine S. Ngai-Pesic sold 25,000 shares of the company’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $5.06, for a total value of $126,500.00. Following the completion of the sale, the insider now directly owns 10,461,105 shares of the company’s stock, valued at $52,933,191.30. This represents a 0.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Silvaco Group Trading Down 2.1 %

Shares of NASDAQ:SVCO opened at $4.56 on Tuesday. The firm has a 50 day simple moving average of $6.56 and a 200-day simple moving average of $8.24. The company has a market capitalization of $130.74 million and a PE ratio of -2.90. Silvaco Group, Inc. has a twelve month low of $4.46 and a twelve month high of $21.59.

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.