JPMorgan Chase & Co. Invests $1.57 Million in Silvaco Group, Inc. (NASDAQ:SVCO)

JPMorgan Chase & Co. bought a new position in shares of Silvaco Group, Inc. (NASDAQ:SVCO) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 109,449 shares of the company’s stock, valued at approximately $1,565,000.

Several other hedge funds also recently made changes to their positions in SVCO. Lynrock Lake LP acquired a new stake in shares of Silvaco Group during the 2nd quarter worth approximately $3,596,000. Jane Street Group LLC acquired a new stake in shares of Silvaco Group during the 3rd quarter worth approximately $2,788,000. Geode Capital Management LLC boosted its position in shares of Silvaco Group by 111.8% during the 3rd quarter. Geode Capital Management LLC now owns 141,386 shares of the company’s stock worth $2,022,000 after acquiring an additional 74,644 shares in the last quarter. State Street Corp boosted its position in shares of Silvaco Group by 205.3% during the 3rd quarter. State Street Corp now owns 68,377 shares of the company’s stock worth $978,000 after acquiring an additional 45,977 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Silvaco Group during the 2nd quarter worth approximately $1,182,000.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SVCO. Craig Hallum reduced their price target on shares of Silvaco Group from $17.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. Needham & Company LLC restated a “buy” rating and issued a $19.00 target price on shares of Silvaco Group in a research report on Wednesday, November 13th. TD Cowen cut their target price on shares of Silvaco Group from $20.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday, November 13th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $18.00 target price on shares of Silvaco Group in a research report on Wednesday, January 15th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $19.67.

Silvaco Group Trading Up 15.4 %

Shares of NASDAQ:SVCO opened at $9.66 on Friday. The firm’s fifty day moving average is $8.13 and its 200-day moving average is $11.72. Silvaco Group, Inc. has a 52 week low of $6.14 and a 52 week high of $21.59.

Insider Transactions at Silvaco Group

In other news, insider Eric Guichard sold 25,000 shares of Silvaco Group stock in a transaction on Friday, November 15th. The shares were 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 in the company, valued at approximately $416,315.38. The trade was a 30.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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.