MeadowBrook Investment Advisors LLC Acquires 6,830 Shares of Silvaco Group, Inc. (NASDAQ:SVCO)

MeadowBrook Investment Advisors LLC grew its holdings in Silvaco Group, Inc. (NASDAQ:SVCO) by 106.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,260 shares of the company’s stock after purchasing an additional 6,830 shares during the period. MeadowBrook Investment Advisors LLC’s holdings in Silvaco Group were worth $190,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Lynrock Lake LP purchased a new position in shares of Silvaco Group in the 2nd quarter worth $3,596,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Silvaco Group in the 2nd quarter worth $3,485,000. First Eagle Investment Management LLC purchased a new position in shares of Silvaco Group in the 2nd quarter worth $3,469,000. Davidson Kempner Capital Management LP purchased a new position in shares of Silvaco Group in the 2nd quarter worth $3,182,000. Finally, Ovata Capital Management Ltd purchased a new position in shares of Silvaco Group in the 2nd quarter worth $1,618,000.

Analyst Ratings Changes

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

Silvaco Group Stock Performance

Shares of SVCO traded down $0.16 during mid-day trading on Thursday, reaching $7.40. 60,164 shares of the company’s stock traded hands, compared to its average volume of 386,578. The firm’s 50-day moving average is $10.84. Silvaco Group, Inc. has a 12 month low of $6.14 and a 12 month high of $21.59.

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.