50,000 Shares in Silvaco Group, Inc. (NASDAQ:SVCO) Acquired by Ghisallo Capital Management LLC

Ghisallo Capital Management LLC acquired a new position in shares of Silvaco Group, Inc. (NASDAQ:SVCO) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 50,000 shares of the company’s stock, valued at approximately $899,000. Ghisallo Capital Management LLC owned 0.19% of Silvaco Group as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Point72 Asset Management L.P. purchased a new stake in shares of Silvaco Group in the second quarter worth about $1,182,000. Lynrock Lake LP acquired a new stake in Silvaco Group during the 2nd quarter valued at $3,596,000. Squarepoint Ops LLC purchased a new stake in Silvaco Group during the 2nd quarter worth $640,000. Cubist Systematic Strategies LLC acquired a new position in Silvaco Group in the 2nd quarter worth $366,000. Finally, Point72 DIFC Ltd purchased a new position in Silvaco Group in the 2nd quarter valued at about $235,000.

Silvaco Group Stock Down 6.2 %

NASDAQ:SVCO opened at $13.41 on Wednesday. Silvaco Group, Inc. has a 12-month low of $13.36 and a 12-month high of $21.59. The firm’s 50 day moving average is $15.64.

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Needham & Company LLC restated a “buy” rating and issued a $28.00 price target on shares of Silvaco Group in a research note on Friday, June 21st. Craig Hallum started coverage on Silvaco Group in a report on Tuesday, June 4th. They issued a “buy” rating and a $25.00 price target for the company. Rosenblatt Securities restated a “buy” rating and set a $26.00 price objective on shares of Silvaco Group in a research note on Tuesday, September 17th. Finally, B. Riley reiterated a “buy” rating and set a $26.00 target price on shares of Silvaco Group in a research note on Thursday, September 19th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $25.50.

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.