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

Silvaco Group, Inc. (NASDAQ:SVCO) was the recipient of a significant growth in short interest in August. As of August 15th, there was short interest totalling 352,100 shares, a growth of 39.2% from the July 31st total of 253,000 shares. Approximately 6.6% of the company’s stock are short sold. Based on an average trading volume of 260,100 shares, the days-to-cover ratio is currently 1.4 days.

Silvaco Group Stock Up 0.1 %

Shares of SVCO stock traded up $0.01 during mid-day trading on Friday, hitting $15.45. 117,996 shares of the company’s stock were exchanged, compared to its average volume of 253,917. Silvaco Group has a fifty-two week low of $15.01 and a fifty-two week high of $21.59. The company has a 50-day simple moving average of $17.40.

Silvaco Group (NASDAQ:SVCO) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($0.81) earnings per share for the quarter, missing the consensus estimate of ($0.67) by ($0.14). The company had revenue of $14.96 million during the quarter, compared to analysts’ expectations of $14.68 million. As a group, analysts anticipate that Silvaco Group will post -0.63 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SVCO. Lynrock Lake LP acquired a new position in shares of Silvaco Group during the second quarter valued at about $3,596,000. Allspring Global Investments Holdings LLC acquired a new stake in Silvaco Group in the second quarter worth $3,485,000. First Eagle Investment Management LLC acquired a new stake in Silvaco Group in the second quarter worth $3,469,000. Davidson Kempner Capital Management LP acquired a new stake in shares of Silvaco Group in the 2nd quarter valued at about $3,182,000. Finally, Ovata Capital Management Ltd acquired a new stake in shares of Silvaco Group in the second quarter valued at about $1,618,000.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. B. Riley reissued a “buy” rating and issued a $28.00 target price (up from $26.00) on shares of Silvaco Group in a research report on Friday, June 21st. Rosenblatt Securities reaffirmed a “buy” rating and set a $26.00 target price on shares of Silvaco Group in a research report on Friday, June 21st. Jefferies Financial Group initiated coverage on Silvaco Group in a research note on Monday, June 3rd. They set a “buy” rating and a $25.00 target price on the stock. Needham & Company LLC reiterated a “buy” rating and set a $28.00 price target on shares of Silvaco Group in a research note on Friday, June 21st. Finally, Craig Hallum started coverage on Silvaco Group in a report on Tuesday, June 4th. They issued a “buy” rating and a $25.00 price objective on the stock. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $25.83.

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.