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

Silvaco Group, Inc. (NASDAQ:SVCO) was the target of a large growth in short interest during the month of May. As of May 15th, there was short interest totalling 1,270,000 shares, a growth of 37.7% from the April 30th total of 922,100 shares. Based on an average daily trading volume, of 143,800 shares, the days-to-cover ratio is currently 8.8 days. Currently, 17.6% of the shares of the stock are short sold.

Analysts Set New Price Targets

A number of analysts recently commented on SVCO shares. Needham & Company LLC dropped their price objective on Silvaco Group from $19.00 to $10.00 and set a “buy” rating for the company in a research report on Monday, May 12th. Rosenblatt Securities cut their price objective on shares of Silvaco Group from $18.00 to $14.00 and set a “buy” rating for the company in a research report on Thursday, May 8th. Finally, TD Cowen reduced their price objective on shares of Silvaco Group from $15.00 to $12.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $17.00.

Silvaco Group Price Performance

SVCO opened at $4.64 on Tuesday. Silvaco Group has a 12 month low of $3.55 and a 12 month high of $20.69. The business has a 50-day moving average of $4.66 and a two-hundred day moving average of $6.43. The stock has a market capitalization of $136.35 million and a price-to-earnings ratio of -2.01.

Insider Transactions at Silvaco Group

In other Silvaco Group news, major shareholder Katherine S. Ngai-Pesic sold 25,000 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $5.06, for a total transaction of $126,500.00. Following the sale, the insider now owns 10,461,105 shares in the company, valued at approximately $52,933,191.30. This represents a 0.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Babak A. Taheri purchased 20,949 shares of the business’s stock in a transaction dated Friday, May 16th. The stock was bought at an average cost of $4.93 per share, with a total value of $103,278.57. Following the completion of the acquisition, the chief executive officer now owns 785,031 shares of the company’s stock, valued at approximately $3,870,202.83. The trade was a 2.74% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 38.40% of the company’s stock.

Hedge Funds Weigh In On Silvaco Group

A number of large investors have recently bought and sold shares of SVCO. R Squared Ltd purchased a new stake in shares of Silvaco Group during the 4th quarter valued at $25,000. SBI Securities Co. Ltd. acquired a new position in Silvaco Group during the first quarter valued at approximately $30,000. Blair William & Co. IL purchased a new stake in Silvaco Group during the first quarter worth approximately $46,000. Strs Ohio acquired a new stake in shares of Silvaco Group in the first quarter worth $50,000. Finally, Stoneridge Investment Partners LLC acquired a new stake in shares of Silvaco Group in the first quarter worth $77,000.

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.