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

Silvaco Group, Inc. (NASDAQ:SVCO - Get Free Report) saw a large growth in short interest during the month of May. As of May 15th, there was short interest totalling 1,270,000 shares, a growth of 37.7% from the April 30th total of 922,100 shares. Currently, 17.6% of the shares of the company are sold short. Based on an average daily volume of 143,800 shares, the short-interest ratio is presently 8.8 days.

Silvaco Group Price Performance

NASDAQ SVCO traded down $0.12 during trading on Thursday, reaching $4.81. The company's stock had a trading volume of 25,617 shares, compared to its average volume of 278,170. The firm has a fifty day moving average of $4.67 and a 200 day moving average of $6.41. Silvaco Group has a one year low of $3.55 and a one year high of $20.69. The stock has a market capitalization of $141.35 million and a PE ratio of -2.08.

Insider Transactions at Silvaco Group

In related news, major shareholder Katherine S. Ngai-Pesic sold 25,000 shares of the firm's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $5.06, for a total value of $126,500.00. Following the transaction, the insider now owns 10,461,105 shares in the company, valued at approximately $52,933,191.30. This trade represents a 0.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Babak A. Taheri purchased 20,949 shares of the firm's stock in a transaction dated Friday, May 16th. The stock was acquired at an average price of $4.93 per share, for a total transaction of $103,278.57. Following the purchase, the chief executive officer now owns 785,031 shares in the company, valued at approximately $3,870,202.83. The trade was a 2.74% increase in their position. The disclosure for this purchase can be found here. Insiders have sold 40,168 shares of company stock worth $200,928 in the last ninety days. Insiders own 38.40% of the company's stock.

Institutional Investors Weigh In On Silvaco Group

A number of large investors have recently modified their holdings of SVCO. R Squared Ltd bought a new stake in Silvaco Group during the 4th quarter valued at approximately $25,000. SBI Securities Co. Ltd. bought a new position in shares of Silvaco Group during the first quarter valued at $30,000. Blair William & Co. IL bought a new position in shares of Silvaco Group during the first quarter valued at $46,000. Strs Ohio bought a new position in shares of Silvaco Group during the first quarter valued at $50,000. Finally, Stoneridge Investment Partners LLC bought a new position in Silvaco Group during the 1st quarter valued at about $77,000.

Wall Street Analysts Forecast Growth

SVCO has been the topic of a number of analyst reports. TD Cowen reduced their price objective on shares of Silvaco Group from $15.00 to $12.00 and set a "buy" rating on the stock in a research note on Thursday, March 6th. Needham & Company LLC cut their price target on shares of Silvaco Group from $19.00 to $10.00 and set a "buy" rating on the stock in a research report on Monday, May 12th. Finally, Rosenblatt Securities cut their target price on Silvaco Group from $18.00 to $14.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Silvaco Group presently has a consensus rating of "Buy" and a consensus target price of $15.40.

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.