State Street Corp Buys 45,977 Shares of Silvaco Group, Inc. (NASDAQ:SVCO)

State Street Corp increased its position in Silvaco Group, Inc. (NASDAQ:SVCO) by 205.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,377 shares of the company’s stock after acquiring an additional 45,977 shares during the quarter. State Street Corp owned about 0.24% of Silvaco Group worth $978,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Centiva Capital LP bought a new stake in shares of Silvaco Group during the 3rd quarter valued at $145,000. 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 worth $190,000 after buying an additional 6,830 shares in the last quarter. Federated Hermes Inc. bought a new stake in Silvaco Group during the second quarter valued at about $216,000. Verition Fund Management LLC purchased a new position in shares of Silvaco Group in the third quarter valued at about $217,000. Finally, Point72 DIFC Ltd bought a new position in shares of Silvaco Group in the second quarter worth about $235,000.

Insider Transactions at Silvaco Group

In other news, insider Eric Guichard sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $7.19, for a total value of $179,750.00. Following the completion of the sale, the insider now directly owns 57,902 shares of the company’s stock, valued at $416,315.38. This trade represents a 30.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. B. Riley reissued a “buy” rating and issued a $26.00 price target on shares of Silvaco Group in a report on Thursday, September 19th. Needham & Company LLC reissued a “buy” rating and issued a $19.00 target price on shares of Silvaco Group in a report on Wednesday, November 13th. Rosenblatt Securities cut their target price on shares of Silvaco Group from $26.00 to $18.00 and set a “buy” rating for the company in a research note on Thursday, October 17th. Craig Hallum decreased their price target on shares of Silvaco Group from $25.00 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. Finally, TD Cowen dropped their price objective on shares of Silvaco Group from $20.00 to $15.00 and set a “buy” rating for the company in a report on Wednesday, November 13th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, Silvaco Group presently has an average rating of “Buy” and a consensus target price of $20.00.

Silvaco Group Stock Up 1.4 %

Silvaco Group stock opened at $8.19 on Friday. Silvaco Group, Inc. has a 52-week low of $6.14 and a 52-week high of $21.59. The firm’s fifty day moving average is $7.66 and its 200 day moving average is $12.77.

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.