Silvaco Group, Inc. (NASDAQ:SVCO) Insider Eric Guichard Sells 25,000 Shares

Silvaco Group, Inc. (NASDAQ:SVCO) insider Eric Guichard sold 25,000 shares of the company’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 transaction of $179,750.00. Following the transaction, the insider now owns 57,902 shares of the company’s stock, valued at approximately $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 can be accessed through this link.

Silvaco Group Price Performance

Shares of SVCO traded down $0.25 during mid-day trading on Friday, reaching $7.39. 409,335 shares of the company were exchanged, compared to its average volume of 388,774. The stock has a 50 day simple moving average of $10.71. Silvaco Group, Inc. has a 52 week low of $6.14 and a 52 week high of $21.59.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SVCO. Centiva Capital LP bought a new stake in shares of Silvaco Group in the 3rd quarter valued at $145,000. Y Intercept Hong Kong Ltd bought a new stake in Silvaco Group during the third quarter valued at $173,000. MeadowBrook Investment Advisors LLC grew its holdings in Silvaco Group by 106.2% during the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 13,260 shares of the company’s stock worth $190,000 after acquiring an additional 6,830 shares during the period. Federated Hermes Inc. acquired a new stake in Silvaco Group during the 2nd quarter worth about $216,000. Finally, Verition Fund Management LLC bought a new position in shares of Silvaco Group in the 3rd quarter worth about $217,000.

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.