Silvaco Group, Inc. (NASDAQ:SVCO) Short Interest Update

Silvaco Group, Inc. (NASDAQ:SVCO) saw a large increase in short interest in December. As of December 31st, there was short interest totaling 911,270 shares, an increase of 19.7% from the December 15th total of 761,242 shares. Based on an average daily volume of 208,199 shares, the short-interest ratio is presently 4.4 days. Currently, 4.8% of the company’s stock are sold short. Currently, 4.8% of the company’s stock are sold short. Based on an average daily volume of 208,199 shares, the short-interest ratio is presently 4.4 days.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on SVCO shares. Wall Street Zen upgraded Silvaco Group from a “sell” rating to a “hold” rating in a research note on Saturday, January 10th. Weiss Ratings reissued a “sell (e+)” rating on shares of Silvaco Group in a research note on Wednesday, October 8th. Jefferies Financial Group raised Silvaco Group to a “strong-buy” rating in a research report on Tuesday, October 28th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $12.00 price target on shares of Silvaco Group in a report on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $10.00.

Insider Buying and Selling at Silvaco Group

In other Silvaco Group news, insider Candace Jackson sold 8,300 shares of the business’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $4.25, for a total transaction of $35,275.00. Following the completion of the sale, the insider owned 43,069 shares in the company, valued at approximately $183,043.25. The trade was a 16.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Katherine S. Ngai-Pesic acquired 25,000 shares of the company’s stock in a transaction on Wednesday, December 10th. The stock was acquired at an average cost of $4.13 per share, for a total transaction of $103,250.00. Following the completion of the purchase, the insider directly owned 10,303,886 shares of the company’s stock, valued at approximately $42,555,049.18. This represents a 0.24% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders acquired 78,100 shares of company stock worth $320,641. 38.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Silvaco Group

A number of hedge funds have recently modified their holdings of SVCO. Jacobs Levy Equity Management Inc. purchased a new position in Silvaco Group in the first quarter valued at approximately $357,000. Goldman Sachs Group Inc. increased its position in Silvaco Group by 249.1% in the first quarter. Goldman Sachs Group Inc. now owns 106,051 shares of the company’s stock worth $484,000 after buying an additional 75,675 shares during the last quarter. Strs Ohio purchased a new position in shares of Silvaco Group during the 1st quarter valued at $50,000. Blair William & Co. IL lifted its position in shares of Silvaco Group by 70.0% during the 2nd quarter. Blair William & Co. IL now owns 17,000 shares of the company’s stock valued at $80,000 after buying an additional 7,000 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in shares of Silvaco Group by 4,961.5% during the 2nd quarter. Nisa Investment Advisors LLC now owns 5,264 shares of the company’s stock worth $25,000 after acquiring an additional 5,160 shares during the period.

Silvaco Group Price Performance

Shares of NASDAQ:SVCO opened at $4.50 on Monday. Silvaco Group has a 1 year low of $3.45 and a 1 year high of $9.93. The company has a market capitalization of $137.88 million, a PE ratio of -4.37 and a beta of 3.31. The business has a fifty day moving average price of $4.34 and a two-hundred day moving average price of $4.88.

Silvaco Group (NASDAQ:SVCO) last issued its quarterly earnings results on Wednesday, November 12th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). Silvaco Group had a negative return on equity of 15.53% and a negative net margin of 47.59%.The company had revenue of $18.67 million during the quarter, compared to analysts’ expectations of $15.95 million. Sell-side analysts anticipate that Silvaco Group will post -0.76 earnings per share for the current year.

Silvaco Group Company Profile

Silvaco Group, Inc is a provider of electronic design automation (EDA) software and semiconductor intellectual property (IP) solutions. Founded in 1984 and headquartered in Santa Clara, California, the company offers a suite of tools for process and device simulation, circuit design, verification, and physical implementation. Silvaco’s core product lines include technology computer-aided design (TCAD) for process modeling, SPICE circuit simulators for analog and digital analysis, and layout and parasitic extraction tools for physical verification.

In addition to its EDA software, Silvaco delivers semiconductor IP in areas such as memory compilers, interface IP (including USB, PCI Express and DDR), and embedded analog/mixed-signal cores.