Silvaco Group, Inc. (NASDAQ:SVCO - Get Free Report) insider Eric Guichard sold 25,000 shares of the business's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $7.19, for a total transaction of $179,750.00. Following the completion of the sale, the insider now owns 57,902 shares in the company, valued at $416,315.38. This represents a 30.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Silvaco Group Stock Down 3.3 %
Shares of NASDAQ:SVCO opened at $7.39 on Friday. The firm has a fifty day simple moving average of $10.57. Silvaco Group, Inc. has a 52 week low of $6.14 and a 52 week high of $21.59.
Analyst Upgrades and Downgrades
SVCO has been the topic of a number of recent research reports. Rosenblatt Securities reduced their target price on Silvaco Group from $26.00 to $18.00 and set a "buy" rating on the stock in a research note on Thursday, October 17th. Craig Hallum reduced their price objective on Silvaco Group from $25.00 to $17.00 and set a "buy" rating on the stock in a research report on Wednesday, October 16th. B. Riley reaffirmed a "buy" rating and set a $26.00 price objective on shares of Silvaco Group in a research note on Thursday, September 19th. TD Cowen cut their target price on shares of Silvaco Group from $20.00 to $15.00 and set a "buy" rating for the company in a research note on Wednesday. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $19.00 price target on shares of Silvaco Group in a research note on Wednesday. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $20.00.
“This Changes Everything” - Trump Hands Millions Massive IRS Gift
From Colonial Metals | Ad
Now it's your time to return the favor by taking advantage of this tax "revenge loophole."
Because even as we wait for Trump's agenda to kick in…
>> YES! Send Me My FREE Gold Guide!
View Our Latest Research Report on SVCO
Institutional Trading of Silvaco Group
A number of hedge funds have recently added to or reduced their stakes in the business. Centiva Capital LP acquired a new position in shares of Silvaco Group during the 3rd quarter valued at about $145,000. Federated Hermes Inc. purchased a new stake in Silvaco Group in the second quarter valued at approximately $216,000. Y Intercept Hong Kong Ltd acquired a new position in Silvaco Group during the third quarter worth approximately $173,000. Point72 DIFC Ltd purchased a new position in Silvaco Group during the second quarter worth approximately $235,000. Finally, MeadowBrook Investment Advisors LLC boosted its holdings in shares of Silvaco Group by 106.2% in the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 13,260 shares of the company's stock valued at $190,000 after purchasing an additional 6,830 shares during the last quarter.
About Silvaco Group
(
Get Free Report)
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
