Short Interest in Silvaco Group, Inc. (NASDAQ:SVCO) Drops By 15.9%

Key Points

• Short interest in Silvaco dropped by 15.9% in April to 817,836 shares (about 5.0% of shares short), leaving a short-interest ratio of roughly 2.6 days based on average volume.
• Silvaco reported Q1 EPS of ($0.03) beating estimates and revenue of $18.25M, but remains unprofitable with a negative ROE (−23.01%) and net margin (−65.34%); the company has a market cap of about $321M and an analyst consensus of Moderate Buy with an average price target of $9.33.

Silvaco Group, Inc. (NASDAQ:SVCO - Get Free Report) was the target of a large decline in short interest in the month of April. As of April 15th, there was short interest totaling 817,836 shares, a decline of 15.9% from the March 31st total of 972,860 shares. Based on an average trading volume of 314,552 shares, the short-interest ratio is presently 2.6 days. Currently, 5.0% of the company's shares are short sold.

Silvaco Group Stock Performance

Shares of Silvaco Group stock opened at $10.21 on Friday. Silvaco Group has a one year low of $3.07 and a one year high of $10.57. The company has a market cap of $321.00 million, a PE ratio of -7.24 and a beta of -0.74. The business has a 50-day simple moving average of $6.37 and a 200-day simple moving average of $5.22.

Silvaco Group (NASDAQ:SVCO - Get Free Report) last announced its quarterly earnings data on Thursday, March 12th. The company reported ($0.03) 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% on a year-over-year basis. On average, sell-side analysts predict that Silvaco Group will post -0.36 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SVCO has been the topic of several research analyst reports. TD Cowen reduced their price objective on shares of Silvaco Group from $8.00 to $6.00 and set a "buy" rating on the stock in a report on Friday, March 13th. Weiss Ratings upgraded shares of Silvaco Group from a "sell (e+)" rating to a "sell (d-)" rating in a report on Friday, April 24th. Wall Street Zen upgraded shares of Silvaco Group from a "sell" rating to a "hold" rating in a report on Saturday, March 14th. Finally, Needham & Company LLC restated a "buy" rating and issued a $10.00 price objective on shares of Silvaco Group in a report on Monday, March 16th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $9.33.

Hedge Funds Weigh In On Silvaco Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new position in Silvaco Group in the second quarter valued at approximately $38,000. Wells Fargo & Company MN lifted its stake in Silvaco Group by 51.2% in the fourth quarter. Wells Fargo & Company MN now owns 9,093 shares of the company's stock valued at $37,000 after buying an additional 3,079 shares during the last quarter. HighTower Advisors LLC purchased a new stake in Silvaco Group in the fourth quarter valued at approximately $41,000. Strs Ohio purchased a new stake in Silvaco Group in the first quarter valued at approximately $50,000. Finally, JPMorgan Chase & Co. lifted its stake in Silvaco Group by 27.3% in the second quarter. JPMorgan Chase & Co. now owns 13,483 shares of the company's stock valued at $64,000 after buying an additional 2,895 shares during the last quarter.

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.

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