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

MeadowBrook Investment Advisors LLC grew its position in shares of Silvaco Group, Inc. (NASDAQ:SVCO) by 106.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,260 shares of the company’s stock after purchasing an additional 6,830 shares during the quarter. MeadowBrook Investment Advisors LLC owned approximately 0.05% of Silvaco Group worth $190,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of SVCO. Federated Hermes Inc. purchased a new stake in Silvaco Group during the 2nd quarter valued at about $216,000. Point72 DIFC Ltd purchased a new stake in Silvaco Group during the 2nd quarter valued at about $235,000. Cubist Systematic Strategies LLC purchased a new stake in Silvaco Group during the 2nd quarter valued at about $366,000. XTX Topco Ltd purchased a new stake in Silvaco Group during the 2nd quarter valued at about $402,000. Finally, Squarepoint Ops LLC purchased a new stake in Silvaco Group during the 2nd quarter valued at about $640,000.

Analysts Set New Price Targets

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

Silvaco Group Stock Down 2.1 %

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

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.