Silvaco Group, Inc. (NASDAQ:SVCO) Sees Large Increase in Short Interest

Silvaco Group, Inc. (NASDAQ:SVCO) saw a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 886,100 shares, a growth of 29.8% from the October 15th total of 682,900 shares. Currently, 17.4% of the company’s shares are short sold. Based on an average daily trading volume, of 510,100 shares, the short-interest ratio is presently 1.7 days.

Silvaco Group Trading Down 3.3 %

SVCO traded down $0.25 during trading on Friday, reaching $7.39. The company had a trading volume of 409,386 shares, compared to its average volume of 388,774. Silvaco Group has a 12-month low of $6.14 and a 12-month high of $21.59. The company has a 50-day moving average of $10.57.

Analysts Set New Price Targets

Several research firms have recently weighed in on SVCO. Rosenblatt Securities reduced their target price on Silvaco Group from $26.00 to $18.00 and set a “buy” rating for the company in a report on Thursday, October 17th. Craig Hallum decreased their price objective on shares of Silvaco Group from $25.00 to $17.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. TD Cowen decreased their target price on shares of Silvaco Group from $20.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday. Needham & Company LLC restated a “buy” rating and issued a $19.00 price target on shares of Silvaco Group in a report on Wednesday. Finally, B. Riley reiterated a “buy” rating and issued a $26.00 target price on shares of Silvaco Group in a research note on Thursday, September 19th. 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 price target of $20.00.

Insiders Place Their Bets

In other Silvaco Group news, insider Eric Guichard sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $7.19, for a total value of $179,750.00. Following the completion of the transaction, the insider now owns 57,902 shares of the company’s stock, valued at $416,315.38. This trade represents a 30.16 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

Institutional Investors Weigh In On Silvaco Group

A number of institutional investors have recently modified their holdings of the stock. Centiva Capital LP bought a new stake in Silvaco Group during the 3rd quarter valued at approximately $145,000. Y Intercept Hong Kong Ltd bought a new position in shares of Silvaco Group in the third quarter worth about $173,000. MeadowBrook Investment Advisors LLC lifted its holdings in Silvaco Group by 106.2% during the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 13,260 shares of the company’s stock worth $190,000 after buying an additional 6,830 shares in the last quarter. Federated Hermes Inc. bought a new position in Silvaco Group in the second quarter valued at about $216,000. Finally, Verition Fund Management LLC bought a new position in shares of Silvaco Group in the 3rd quarter valued at about $217,000.

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.