First Eagle Investment Management LLC Makes New $3.47 Million Investment in Silvaco Group, Inc. (NASDAQ:SVCO)

First Eagle Investment Management LLC bought a new position in shares of Silvaco Group, Inc. (NASDAQ:SVCO) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 192,964 shares of the company’s stock, valued at approximately $3,469,000. First Eagle Investment Management LLC owned approximately 0.73% of Silvaco Group as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in SVCO. Federated Hermes Inc. bought a new stake in shares of Silvaco Group in the second quarter valued at approximately $216,000. Ovata Capital Management Ltd bought a new stake in shares of Silvaco Group during the 2nd quarter valued at $1,618,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of Silvaco Group during the 2nd quarter worth $3,485,000.

Silvaco Group Trading Down 4.3 %

Shares of Silvaco Group stock opened at $14.96 on Friday. The company has a 50 day moving average of $16.35. Silvaco Group, Inc. has a fifty-two week low of $13.99 and a fifty-two week high of $21.59.

Silvaco Group (NASDAQ:SVCO) last issued its quarterly earnings data on Wednesday, August 7th. The company reported ($0.81) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.67) by ($0.14). The company had revenue of $14.96 million during the quarter, compared to analyst estimates of $14.68 million. Equities analysts anticipate that Silvaco Group, Inc. will post -0.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SVCO. Jefferies Financial Group initiated coverage on shares of Silvaco Group in a research report on Monday, June 3rd. They set a “buy” rating and a $25.00 price objective for the company. B. Riley reiterated a “buy” rating and set a $26.00 price target on shares of Silvaco Group in a research report on Thursday. Needham & Company LLC restated a “buy” rating and set a $28.00 price objective on shares of Silvaco Group in a research report on Friday, June 21st. Rosenblatt Securities reaffirmed a “buy” rating and issued a $26.00 target price on shares of Silvaco Group in a report on Tuesday. Finally, TD Cowen assumed coverage on Silvaco Group in a report on Monday, June 3rd. They set a “buy” rating and a $23.00 price target for the company. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $25.50.

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.