Short Interest in Silvaco Group, Inc. (NASDAQ:SVCO) Increases By 29.8%

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

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $19.00 price target on shares of Silvaco Group in a report on Wednesday. Craig Hallum reduced their target price on shares of Silvaco Group from $25.00 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. TD Cowen lowered their price target on Silvaco Group from $20.00 to $15.00 and set a “buy” rating for the company in a report on Wednesday. Rosenblatt Securities reduced their price objective on Silvaco Group from $26.00 to $18.00 and set a “buy” rating on the stock in a research note on Thursday, October 17th. 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 investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $20.00.

Silvaco Group Stock Down 3.3 %

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

Insider Buying and Selling

In other Silvaco Group news, insider Eric Guichard sold 25,000 shares of Silvaco Group stock in a transaction 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 transaction, the insider now owns 57,902 shares in the company, valued at $416,315.38. This trade represents a 30.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Institutional Trading of Silvaco Group

Hedge funds have recently made changes to their positions in the company. Centiva Capital LP purchased a new stake in shares of Silvaco Group during the third quarter valued at approximately $145,000. Federated Hermes Inc. purchased a new stake in shares of Silvaco Group during the second quarter valued at approximately $216,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Silvaco Group during the third quarter valued at approximately $173,000. Point72 DIFC Ltd acquired a new stake in shares of Silvaco Group during the second quarter worth approximately $235,000. Finally, MeadowBrook Investment Advisors LLC grew its position in shares of Silvaco Group by 106.2% during the third 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.

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.