Silvaco Group, Inc. (NASDAQ:SVCO) Short Interest Down 15.9% in April

Silvaco Group, Inc. (NASDAQ:SVCO) saw a significant drop in short interest during the month of April. As of April 15th, there was short interest totaling 817,836 shares, a drop of 15.9% from the March 31st total of 972,860 shares. Currently, 5.0% of the shares of the company are sold short. Based on an average trading volume of 314,552 shares, the days-to-cover ratio is currently 2.6 days.

Analysts Set New Price Targets

A number of brokerages recently commented on SVCO. Needham & Company LLC reaffirmed a “buy” rating and set a $10.00 price target on shares of Silvaco Group in a research report on Monday, March 16th. TD Cowen decreased their price target on Silvaco Group from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Friday, March 13th. Wall Street Zen raised Silvaco Group from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Finally, Weiss Ratings raised Silvaco Group from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Silvaco Group presently has an average rating of “Moderate Buy” and a consensus target price of $9.33.

Silvaco Group Price Performance

NASDAQ:SVCO opened at $11.20 on Friday. The business has a fifty day simple moving average of $6.37 and a two-hundred day simple moving average of $5.22. Silvaco Group has a 1 year low of $3.07 and a 1 year high of $11.21. The company has a market capitalization of $352.13 million, a P/E ratio of -7.94 and a beta of 0.87.

Silvaco Group (NASDAQ:SVCO) last released its earnings results on Thursday, March 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.09. Silvaco Group had a negative return on equity of 23.01% and a negative net margin of 65.34%.The business had revenue of $18.25 million during the quarter, compared to the consensus estimate of $16.38 million. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. As a group, analysts anticipate that Silvaco Group will post -0.36 earnings per share for the current year.

Institutional Trading of Silvaco Group

A number of large investors have recently bought and sold shares of SVCO. Alyeska Investment Group L.P. increased its position in Silvaco Group by 267.9% in the fourth quarter. Alyeska Investment Group L.P. now owns 732,824 shares of the company’s stock worth $2,968,000 after buying an additional 533,630 shares during the last quarter. Lynrock Lake LP boosted its holdings in shares of Silvaco Group by 132.3% in the fourth quarter. Lynrock Lake LP now owns 472,764 shares of the company’s stock worth $1,915,000 after acquiring an additional 269,283 shares during the period. Nano Cap New Millennium Growth Fund L P bought a new position in shares of Silvaco Group in the fourth quarter worth $1,012,000. Topline Capital Management LLC bought a new position in shares of Silvaco Group in the second quarter worth $1,096,000. Finally, Cinctive Capital Management LP bought a new position in shares of Silvaco Group in the third quarter worth $487,000.

Silvaco Group Company Profile

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.