Short Interest in Silvaco Group, Inc. (NASDAQ:SVCO) Expands By 29.8%

Silvaco Group, Inc. (NASDAQ:SVCO) was the target of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 886,100 shares, an increase of 29.8% from the October 15th total of 682,900 shares. Currently, 17.4% of the shares of the company are sold short. Based on an average trading volume of 510,100 shares, the days-to-cover ratio is presently 1.7 days.

Insider Buying and Selling

In other 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 completion of the transaction, the insider now directly owns 57,902 shares in the company, valued at approximately $416,315.38. The trade was a 30.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Institutional Investors Weigh In On Silvaco Group

A number of hedge funds and other institutional investors have recently bought and sold shares of SVCO. Centiva Capital LP purchased a new position in Silvaco Group in the 3rd quarter worth approximately $145,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Silvaco Group during the 3rd quarter valued at $173,000. MeadowBrook Investment Advisors LLC lifted its holdings in Silvaco Group by 106.2% in the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 13,260 shares of the company’s stock worth $190,000 after purchasing an additional 6,830 shares in the last quarter. Federated Hermes Inc. bought a new position in shares of Silvaco Group during the 2nd quarter valued at about $216,000. Finally, Verition Fund Management LLC bought a new stake in Silvaco Group in the third quarter worth $217,000.

Wall Street Analyst Weigh In

Several brokerages have commented on SVCO. Needham & Company LLC reiterated a “buy” rating and issued a $19.00 price target on shares of Silvaco Group in a research report on Wednesday. Craig Hallum decreased their target price on Silvaco Group from $25.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. TD Cowen decreased their target price on shares of Silvaco Group from $20.00 to $15.00 and set a “buy” rating for the company in a research report on Wednesday. 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 report on Thursday, October 17th. Finally, B. Riley restated a “buy” rating and issued a $26.00 price objective on shares of Silvaco Group in a research note on Thursday, September 19th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Silvaco Group presently has an average rating of “Buy” and an average price target of $20.00.

Silvaco Group Price Performance

SVCO traded down $0.25 during midday trading on Friday, reaching $7.39. 409,386 shares of the company’s stock traded hands, compared to its average volume of 388,774. The firm has a fifty day moving average price of $10.57. Silvaco Group has a 52 week low of $6.14 and a 52 week high of $21.59.

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.