Jane Street Group LLC Makes New Investment in Silvaco Group, Inc. (NASDAQ:SVCO)

Jane Street Group LLC bought a new stake in shares of Silvaco Group, Inc. (NASDAQ:SVCO) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 194,950 shares of the company’s stock, valued at approximately $2,788,000. Jane Street Group LLC owned about 0.68% of Silvaco Group at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Centiva Capital LP bought a new position in Silvaco Group during the third quarter valued at about $145,000. MeadowBrook Investment Advisors LLC grew its position 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 valued at $190,000 after acquiring an additional 6,830 shares during the period. Federated Hermes Inc. purchased a new stake in shares of Silvaco Group during the 2nd quarter worth approximately $216,000. Verition Fund Management LLC bought a new stake in shares of Silvaco Group in the 3rd quarter worth approximately $217,000. Finally, Point72 DIFC Ltd bought a new stake in shares of Silvaco Group in the 2nd quarter worth approximately $235,000.

Silvaco Group Price Performance

Shares of Silvaco Group stock opened at $7.87 on Friday. The company’s 50-day moving average price is $7.65 and its 200-day moving average price is $13.32. Silvaco Group, Inc. has a 12-month low of $6.14 and a 12-month high of $21.59.

Wall Street Analysts Forecast Growth

SVCO has been the subject of a number of recent research reports. Needham & Company LLC reissued a “buy” rating and issued a $19.00 target price on shares of Silvaco Group in a research report on Wednesday, November 13th. B. Riley reissued a “buy” rating and issued a $26.00 price objective on shares of Silvaco Group in a report on Thursday, September 19th. TD Cowen dropped their price objective 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. Craig Hallum cut their target price on shares of Silvaco Group from $25.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. Finally, Rosenblatt Securities lowered their price target on shares of Silvaco Group from $26.00 to $18.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Silvaco Group currently has an average rating of “Buy” and a consensus target price of $20.00.

Insiders Place Their Bets

In other Silvaco Group news, insider Eric Guichard sold 25,000 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was 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 in the company, valued at $416,315.38. This represents a 30.16 % decrease in their position. The sale 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.