Short Interest in Silvaco Group, Inc. (NASDAQ:SVCO) Rises By 19.7%

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. Currently, 4.8% of the company’s shares are sold short. Based on an average daily trading volume, of 208,199 shares, the days-to-cover ratio is currently 4.4 days. Based on an average daily trading volume, of 208,199 shares, the days-to-cover ratio is currently 4.4 days. Currently, 4.8% of the company’s shares are sold short.

Silvaco Group Trading Down 2.0%

Shares of NASDAQ SVCO opened at $4.41 on Wednesday. The stock has a market capitalization of $135.12 million, a PE ratio of -4.28 and a beta of 3.31. Silvaco Group has a twelve month low of $3.45 and a twelve month high of $9.93. The stock has a fifty day simple moving average of $4.32 and a 200-day simple moving average of $4.87.

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

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Silvaco Group in a report on Wednesday, October 8th. Wall Street Zen upgraded Silvaco Group from a “sell” rating to a “hold” rating in a research report on Saturday, January 10th. 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. 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Silvaco Group currently has a consensus rating of “Moderate Buy” and an average target price of $10.00.

Insider Buying and Selling

In other news, insider Candace Jackson sold 8,300 shares of the business’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $4.25, for a total transaction of $35,275.00. Following the transaction, the insider owned 43,069 shares of the company’s stock, valued at approximately $183,043.25. The trade was a 16.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Walden C. Rhines bought 13,100 shares of Silvaco Group stock in a transaction on Tuesday, December 9th. The shares were purchased at an average cost of $4.01 per share, for a total transaction of $52,531.00. Following the completion of the purchase, the chief executive officer directly owned 105,918 shares of the company’s stock, valued at $424,731.18. This trade represents a 14.11% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have purchased 78,100 shares of company stock valued at $320,641 in the last quarter. Corporate insiders own 38.40% of the company’s stock.

Institutional Investors Weigh In On Silvaco Group

A number of hedge funds have recently added to or reduced their stakes in the business. First Eagle Investment Management LLC grew its stake in shares of Silvaco Group by 20.3% in the second quarter. First Eagle Investment Management LLC now owns 774,438 shares of the company’s stock worth $3,655,000 after acquiring an additional 130,709 shares in the last quarter. Vanguard Group Inc. raised its stake 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 position in Silvaco Group in the second quarter valued at $1,096,000. Geode Capital Management LLC grew its stake in Silvaco Group by 10.3% during the 2nd quarter. Geode Capital Management LLC now owns 192,211 shares of the company’s stock worth $907,000 after purchasing an additional 18,022 shares in the last quarter. Finally, Werba Rubin Papier Wealth Management grew its stake in Silvaco Group by 86.1% during the 3rd 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 in the last quarter.

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.