Silvaco Group, Inc. (NASDAQ:SVCO) Short Interest Up 29.8% in October

Silvaco Group, Inc. (NASDAQ:SVCO) saw a large increase in short interest in 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 shares of the company are short sold. Based on an average trading volume of 510,100 shares, the short-interest ratio is presently 1.7 days.

Silvaco Group Stock 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. The business’s 50 day moving average is $10.57. Silvaco Group has a 52 week low of $6.14 and a 52 week high of $21.59.

Analyst Upgrades and Downgrades

SVCO has been the topic of several research reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $19.00 target price on shares of Silvaco Group 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. B. Riley reissued a “buy” rating and issued a $26.00 target price on shares of Silvaco Group in a report on Thursday, September 19th. Craig Hallum reduced their price target 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. Finally, TD Cowen dropped their price objective on shares of Silvaco Group from $20.00 to $15.00 and set a “buy” rating for the company in a research note on Wednesday. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, Silvaco Group presently has a consensus rating of “Buy” and an average target price of $20.00.

Insiders Place Their Bets

In other news, insider Eric Guichard sold 25,000 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was 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 represents a 30.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Institutional Investors Weigh In On Silvaco Group

Institutional investors have recently made changes to their positions in the company. Lynrock Lake LP purchased a new stake in Silvaco Group in the 2nd quarter worth about $3,596,000. Jane Street Group LLC bought a new stake in shares of Silvaco Group during the 3rd quarter worth approximately $2,788,000. Allspring Global Investments Holdings LLC purchased a new position in Silvaco Group during the 2nd quarter valued at $3,485,000. First Eagle Investment Management LLC bought a new position in Silvaco Group in the 2nd quarter valued at $3,469,000. Finally, Davidson Kempner Capital Management LP bought a new position in Silvaco Group in the 2nd quarter valued at $3,182,000.

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.