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

Loomis Sayles & Co. L P cut its holdings in Silvaco Group, Inc. (NASDAQ:SVCO) by 12.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 527,500 shares of the company’s stock after selling 72,500 shares during the quarter. Loomis Sayles & Co. L P owned approximately 2.01% of Silvaco Group worth $7,543,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Lynrock Lake LP acquired a new stake in shares of Silvaco Group in the second quarter valued at approximately $3,596,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Silvaco Group in the second quarter valued at approximately $3,485,000. First Eagle Investment Management LLC acquired a new stake in shares of Silvaco Group in the second quarter valued at approximately $3,469,000. Davidson Kempner Capital Management LP acquired a new stake in Silvaco Group during the second quarter worth approximately $3,182,000. Finally, Ovata Capital Management Ltd acquired a new stake in Silvaco Group during the second quarter worth approximately $1,618,000.

Insider Activity

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

Silvaco Group Stock Down 1.0 %

NASDAQ:SVCO opened at $7.81 on Thursday. Silvaco Group, Inc. has a fifty-two week low of $6.14 and a fifty-two week high of $21.59. The firm’s 50 day moving average is $9.58 and its two-hundred day moving average is $14.58.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on SVCO shares. Craig Hallum decreased their target price 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. Needham & Company LLC restated a “buy” rating and set a $19.00 target price on shares of Silvaco Group in a research report on Wednesday, November 13th. TD Cowen decreased 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. Rosenblatt Securities decreased their target price 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. Finally, B. Riley restated a “buy” rating and set a $26.00 target price on shares of Silvaco Group in a research report on Thursday, September 19th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price 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.