Silvaco Group, Inc.’s Lock-Up Period Will Expire Tomorrow (NASDAQ:SVCO)

Silvaco Group’s (NASDAQ:SVCO) lock-up period will end on Tuesday, November 5th. Silvaco Group had issued 6,000,000 shares in its IPO on May 9th. The total size of the offering was $114,000,000 based on an initial share price of $19.00. After the expiration of the company’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Wall Street Analysts Forecast Growth

SVCO has been the subject of a number of research reports. Rosenblatt Securities decreased their price target on Silvaco Group from $26.00 to $18.00 and set a “buy” rating for the company in a research note on Thursday, October 17th. B. Riley restated a “buy” rating and set a $26.00 target price on shares of Silvaco Group in a report on Thursday, September 19th. TD Cowen cut their target price on Silvaco Group from $23.00 to $20.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. Craig Hallum dropped their price objective on Silvaco Group from $25.00 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. Finally, Needham & Company LLC decreased their target price on Silvaco Group from $26.00 to $19.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Silvaco Group currently has a consensus rating of “Buy” and an average price target of $20.83.

Silvaco Group Trading Up 0.3 %

Shares of SVCO opened at $6.27 on Monday. Silvaco Group has a 1 year low of $6.14 and a 1 year high of $21.59. The stock’s 50-day moving average is $12.22.

Silvaco Group (NASDAQ:SVCO) last released its quarterly earnings results on Wednesday, August 7th. The company reported ($0.81) EPS for the quarter, missing analysts’ consensus estimates of ($0.67) by ($0.14). The firm had revenue of $14.96 million during the quarter, compared to the consensus estimate of $14.68 million. As a group, equities analysts predict that Silvaco Group will post -0.74 earnings per share for the current year.

Institutional Inflows and Outflows

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

Silvaco Group Company Profile

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.