Silvaco Group, Inc. (NASDAQ:SVCO) Short Interest Down 29.3% in December

Silvaco Group, Inc. (NASDAQ:SVCO) saw a large decline in short interest during the month of December. As of December 15th, there was short interest totaling 761,242 shares, a decline of 29.3% from the November 30th total of 1,077,472 shares. Based on an average trading volume of 257,454 shares, the short-interest ratio is currently 3.0 days. Approximately 4.0% of the company’s shares are short sold. Approximately 4.0% of the company’s shares are short sold. Based on an average trading volume of 257,454 shares, the short-interest ratio is currently 3.0 days.

Insider Buying and Selling

In related news, Director Anthony K.K. Ngai acquired 10,000 shares of the stock in a transaction on Tuesday, November 18th. The stock was purchased at an average price of $4.26 per share, for a total transaction of $42,600.00. Following the completion of the transaction, the director owned 90,777 shares of the company’s stock, valued at $386,710.02. This trade represents a 12.38% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Katherine S. Ngai-Pesic bought 25,000 shares of the business’s stock in a transaction dated Wednesday, December 10th. The stock was purchased at an average price of $4.13 per share, for a total transaction of $103,250.00. Following the acquisition, the insider directly owned 10,303,886 shares of the company’s stock, valued at approximately $42,555,049.18. The trade was a 0.24% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have purchased 78,100 shares of company stock valued at $320,641. 38.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cinctive Capital Management LP purchased a new position in Silvaco Group during the third quarter valued at $487,000. Bank of America Corp DE raised its position in shares of Silvaco Group by 140.2% in the 3rd quarter. Bank of America Corp DE now owns 64,820 shares of the company’s stock worth $351,000 after purchasing an additional 37,832 shares during the last quarter. Bridgeway Capital Management LLC boosted its stake in Silvaco Group by 59.2% in the 3rd quarter. Bridgeway Capital Management LLC now owns 39,800 shares of the company’s stock worth $215,000 after purchasing an additional 14,800 shares in the last quarter. Blair William & Co. IL boosted its stake in Silvaco Group by 41.2% in the 3rd quarter. Blair William & Co. IL now owns 24,000 shares of the company’s stock worth $130,000 after purchasing an additional 7,000 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in Silvaco Group by 6.0% during the 3rd quarter. Vanguard Group Inc. now owns 401,649 shares of the company’s stock valued at $2,173,000 after purchasing an additional 22,682 shares during the last quarter.

Silvaco Group Price Performance

SVCO stock traded up $0.05 during midday trading on Tuesday, hitting $4.19. The stock had a trading volume of 37,619 shares, compared to its average volume of 143,658. Silvaco Group has a 52-week low of $3.45 and a 52-week high of $9.93. The firm has a market cap of $128.38 million, a price-to-earnings ratio of -4.09 and a beta of 3.31. The business has a 50-day moving average of $4.73 and a two-hundred day moving average of $4.92.

Silvaco Group (NASDAQ:SVCO) last issued 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 business had revenue of $18.67 million during the quarter, compared to the consensus estimate of $15.95 million. Research analysts predict that Silvaco Group will post -0.76 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SVCO. Weiss Ratings reissued a “sell (e+)” rating on shares of Silvaco Group in a report on Wednesday, October 8th. Wall Street Zen downgraded Silvaco Group from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. Jefferies Financial Group upgraded Silvaco Group to a “strong-buy” rating in a report on Tuesday, October 28th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $12.00 price objective on shares of Silvaco Group in a research report on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Sell rating to the company. According to MarketBeat, Silvaco Group presently has an average rating of “Moderate Buy” and a consensus target price of $11.25.

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.