BNP Paribas Financial Markets Takes Position in Silvaco Group, Inc. (NASDAQ:SVCO)

BNP Paribas Financial Markets bought a new position in shares of Silvaco Group, Inc. (NASDAQ:SVCO) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 51,442 shares of the company’s stock, valued at approximately $736,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. grew its position in shares of Silvaco Group by 57.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 44,468 shares of the company’s stock worth $636,000 after buying an additional 16,222 shares in the last quarter. MeadowBrook Investment Advisors LLC lifted its stake in Silvaco Group by 106.2% in the third 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 last quarter. Cubist Systematic Strategies LLC acquired a new position in Silvaco Group during the 2nd quarter worth approximately $366,000. Ghisallo Capital Management LLC purchased a new stake in shares of Silvaco Group in the 2nd quarter valued at approximately $899,000. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Silvaco Group in the 2nd quarter valued at $1,182,000.

Wall Street Analyst Weigh In

SVCO has been the topic of several recent analyst reports. 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. B. Riley reissued a “buy” rating and set a $26.00 target price on shares of Silvaco Group in a research report on Thursday, September 19th. Craig Hallum lowered their price target on Silvaco Group from $25.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. TD Cowen cut 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. Finally, Rosenblatt Securities lowered their target price on shares of Silvaco Group from $26.00 to $18.00 and set a “buy” rating for the company in a report on Thursday, October 17th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, Silvaco Group currently has a consensus rating of “Buy” and a consensus target price of $20.00.

Silvaco Group Stock Down 1.3 %

SVCO opened at $8.33 on Friday. The business’s 50 day moving average is $8.09 and its two-hundred day moving average is $13.75. Silvaco Group, Inc. has a 52 week low of $6.14 and a 52 week high of $21.59.

Insider Activity at Silvaco Group

In related news, insider Eric Guichard sold 25,000 shares of the firm’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 transaction, the insider now owns 57,902 shares of the company’s stock, valued at $416,315.38. This trade represents a 30.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Silvaco Group Company 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.