Silvaco Group, Inc. (NASDAQ:SVCO) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P trimmed its position in shares of Silvaco Group, Inc. (NASDAQ:SVCO) by 12.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 527,500 shares of the company’s stock after selling 72,500 shares during the period. Loomis Sayles & Co. L P’s holdings in Silvaco Group were worth $7,543,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in SVCO. Federated Hermes Inc. acquired a new position in Silvaco Group during the 2nd quarter worth $216,000. Point72 DIFC Ltd acquired a new position in shares of Silvaco Group in the 2nd quarter valued at about $235,000. 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 buying an additional 6,830 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of Silvaco Group in the 2nd quarter valued at about $366,000. Finally, XTX Topco Ltd acquired a new position in shares of Silvaco Group in the 2nd quarter valued at about $402,000.

Silvaco Group Trading Down 1.0 %

NASDAQ SVCO opened at $7.81 on Thursday. The company’s 50 day simple moving average is $9.58 and its 200 day simple moving average is $14.58. Silvaco Group, Inc. has a 12 month low of $6.14 and a 12 month high of $21.59.

Insider Buying and Selling

In related news, insider Eric Guichard sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $7.19, for a total value of $179,750.00. Following the sale, the insider now directly owns 57,902 shares in the company, valued at $416,315.38. The trade was a 30.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Wall Street Analysts Forecast Growth

SVCO has been the subject of several research reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $19.00 price target on shares of Silvaco Group in a report on Wednesday, November 13th. B. Riley reiterated a “buy” rating and issued a $26.00 price objective on shares of Silvaco Group in a research report on Thursday, September 19th. Rosenblatt Securities cut their price objective on shares of Silvaco Group from $26.00 to $18.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. TD Cowen dropped their price target 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, Craig Hallum dropped their price target on shares of Silvaco Group from $25.00 to $17.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $20.00.

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.