Silvaco Group, Inc. (NASDAQ:SVCO) Sees Significant Growth in Short Interest

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

Insider Buying and Selling

In related news, Director Anthony K.K. Ngai acquired 10,000 shares of the stock in a transaction dated Tuesday, November 18th. The stock was bought at an average cost of $4.26 per share, for a total transaction of $42,600.00. Following the completion of the transaction, the director directly owned 90,777 shares of the company’s stock, valued at $386,710.02. The trade was a 12.38% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Candace Jackson sold 8,300 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $4.25, for a total value of $35,275.00. Following the completion of the sale, the insider owned 43,069 shares in the company, valued at $183,043.25. The trade was a 16.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders purchased 78,100 shares of company stock worth $320,641. Corporate insiders own 38.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Eagle Investment Management LLC lifted its position in shares of Silvaco Group by 20.3% during the 2nd quarter. First Eagle Investment Management LLC now owns 774,438 shares of the company’s stock worth $3,655,000 after buying an additional 130,709 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Silvaco Group by 6.0% in the third quarter. Vanguard Group Inc. now owns 401,649 shares of the company’s stock valued at $2,173,000 after acquiring an additional 22,682 shares in the last quarter. Topline Capital Management LLC purchased a new stake in shares of Silvaco Group during the second quarter valued at approximately $1,096,000. Geode Capital Management LLC lifted its holdings in Silvaco Group by 10.3% during the second quarter. Geode Capital Management LLC now owns 192,211 shares of the company’s stock worth $907,000 after acquiring an additional 18,022 shares during the period. Finally, Werba Rubin Papier Wealth Management boosted its position in Silvaco Group by 86.1% in the third quarter. Werba Rubin Papier Wealth Management now owns 186,080 shares of the company’s stock worth $1,007,000 after purchasing an additional 86,080 shares during the last quarter.

Silvaco Group Price Performance

Shares of SVCO stock traded down $0.10 during trading hours on Tuesday, reaching $4.40. The company had a trading volume of 30,794 shares, compared to its average volume of 134,904. The company has a market cap of $134.82 million, a price-to-earnings ratio of -4.27 and a beta of 3.31. Silvaco Group has a 12 month low of $3.45 and a 12 month high of $9.93. The business has a fifty day simple moving average of $4.33 and a 200-day simple moving average of $4.87.

Silvaco Group (NASDAQ:SVCO) last announced its quarterly earnings results on Wednesday, November 12th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $15.95 million. On average, equities research analysts expect that Silvaco Group will post -0.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

About Silvaco Group

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.