Short Interest in Silvaco Group, Inc. (NASDAQ:SVCO) Increases By 37.7%

Silvaco Group, Inc. (NASDAQ:SVCO) was the target of a large increase in short interest in the month of September. As of September 15th, there was short interest totalling 543,400 shares, an increase of 37.7% from the August 31st total of 394,600 shares. Based on an average daily volume of 331,700 shares, the days-to-cover ratio is currently 1.6 days. Currently, 10.2% of the shares of the stock are sold short.

Silvaco Group Trading Down 2.5 %

SVCO opened at $15.09 on Friday. The company’s 50 day moving average price is $15.88. Silvaco Group has a 1 year low of $13.99 and a 1 year high of $21.59.

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

Analysts Set New Price Targets

Several research firms recently commented on SVCO. Jefferies Financial Group initiated coverage on shares of Silvaco Group in a research report on Monday, June 3rd. They issued a “buy” rating and a $25.00 price objective on the stock. TD Cowen assumed coverage on shares of Silvaco Group in a research report on Monday, June 3rd. They issued a “buy” rating and a $23.00 price objective for the company. Needham & Company LLC reiterated a “buy” rating and set a $28.00 target price on shares of Silvaco Group in a research note on Friday, June 21st. Rosenblatt Securities restated a “buy” rating and set a $26.00 price objective on shares of Silvaco Group in a research note on Tuesday, September 17th. Finally, Craig Hallum started coverage on Silvaco Group in a research note on Tuesday, June 4th. They issued a “buy” rating and a $25.00 target price on the stock. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $25.50.

Institutional Investors Weigh In On Silvaco Group

A number of hedge funds and other institutional investors have recently bought and sold shares of SVCO. Federated Hermes Inc. bought a new position in Silvaco Group in the second quarter valued at approximately $216,000. Point72 DIFC Ltd acquired a new stake in Silvaco Group during the second quarter worth about $235,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Silvaco Group in the 2nd quarter valued at approximately $366,000. XTX Topco Ltd acquired a new stake in shares of Silvaco Group in the 2nd quarter valued at approximately $402,000. Finally, Squarepoint Ops LLC acquired a new stake in Silvaco Group during the 2nd quarter worth approximately $640,000.

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.