Federated Hermes Inc. Acquires 78,000 Shares of Silvaco Group, Inc. (NASDAQ:SVCO)

Federated Hermes Inc. grew its holdings in Silvaco Group, Inc. (NASDAQ:SVCO) by 162.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 126,000 shares of the company’s stock after purchasing an additional 78,000 shares during the period. Federated Hermes Inc. owned approximately 0.44% of Silvaco Group worth $575,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Squarepoint Ops LLC raised its position in shares of Silvaco Group by 4.8% during the fourth quarter. Squarepoint Ops LLC now owns 36,151 shares of the company’s stock worth $292,000 after acquiring an additional 1,651 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Silvaco Group during the first quarter worth about $30,000. Marshall Wace LLP raised its position in shares of Silvaco Group by 15.1% during the fourth quarter. Marshall Wace LLP now owns 52,104 shares of the company’s stock worth $421,000 after acquiring an additional 6,824 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of Silvaco Group by 19.9% during the fourth quarter. BNP Paribas Financial Markets now owns 61,682 shares of the company’s stock worth $498,000 after acquiring an additional 10,240 shares during the last quarter. Finally, Nebula Research & Development LLC bought a new position in shares of Silvaco Group during the fourth quarter worth about $113,000.

Insider Transactions at Silvaco Group

In related news, major shareholder Katherine S. Ngai-Pesic sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $4.91, for a total value of $73,650.00. Following the transaction, the insider owned 10,477,355 shares in the company, valued at approximately $51,443,813.05. This represents a 0.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Babak A. Taheri acquired 20,949 shares of the company’s stock in a transaction that occurred on Friday, May 16th. The stock was purchased at an average price of $4.93 per share, for a total transaction of $103,278.57. Following the purchase, the chief executive officer owned 785,031 shares of the company’s stock, valued at $3,870,202.83. The trade was a 2.74% increase in their position. The disclosure for this purchase can be found here. Insiders own 38.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on SVCO shares. Rosenblatt Securities lowered their price objective on Silvaco Group from $14.00 to $12.00 and set a “buy” rating for the company in a research report on Thursday. Needham & Company LLC dropped their price objective on Silvaco Group from $19.00 to $10.00 and set a “buy” rating on the stock in a research note on Monday, May 12th. Finally, TD Cowen dropped their price objective on Silvaco Group from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Friday. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Silvaco Group currently has a consensus rating of “Buy” and an average price target of $14.20.

Silvaco Group Price Performance

Shares of NASDAQ:SVCO opened at $4.01 on Friday. The company has a market capitalization of $121.82 million, a price-to-earnings ratio of -3.71 and a beta of 3.04. The business’s 50-day moving average is $4.71 and its 200-day moving average is $5.31. Silvaco Group, Inc. has a 1 year low of $3.55 and a 1 year high of $17.01.

Silvaco Group 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.