Silvaco Group, Inc. (NASDAQ:SVCO) Short Interest Down 29.3% in December

Silvaco Group, Inc. (NASDAQ:SVCO) saw a large decline in short interest during the month of December. As of December 15th, there was short interest totaling 761,242 shares, a decline of 29.3% from the November 30th total of 1,077,472 shares. Based on an average trading volume of 257,454 shares, the short-interest ratio is currently 3.0 days. Approximately 4.0% of the company’s shares are short sold. Approximately 4.0% of the company’s shares are short sold. Based on an average trading volume of 257,454 shares, the short-interest ratio is currently 3.0 days.

Insider Buying and Selling

In related news, major shareholder Katherine S. Ngai-Pesic purchased 25,000 shares of Silvaco Group stock in a transaction that occurred on Wednesday, December 10th. The shares were acquired at an average cost of $4.13 per share, for a total transaction of $103,250.00. Following the transaction, the insider directly owned 10,303,886 shares in the company, valued at $42,555,049.18. The trade was a 0.24% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Anthony K.K. Ngai purchased 10,000 shares of the firm’s stock in a transaction on Tuesday, November 18th. The stock was bought at an average cost of $4.26 per share, for a total transaction of $42,600.00. Following the completion of the purchase, the director directly owned 90,777 shares in the company, valued at approximately $386,710.02. This trade represents a 12.38% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have purchased 78,100 shares of company stock valued at $320,641. 38.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Yiheng Capital Management L.P. purchased a new stake in Silvaco Group in the first quarter worth about $4,616,000. Topline Capital Management LLC bought a new stake in shares of Silvaco Group in the 2nd quarter worth approximately $1,096,000. First Eagle Investment Management LLC grew its stake in shares of Silvaco Group by 20.3% in the 2nd quarter. First Eagle Investment Management LLC now owns 774,438 shares of the company’s stock worth $3,655,000 after buying an additional 130,709 shares during the last quarter. Cinctive Capital Management LP bought a new position in Silvaco Group during the 3rd quarter valued at approximately $487,000. Finally, Werba Rubin Papier Wealth Management increased its position in Silvaco Group by 86.1% during the 3rd quarter. Werba Rubin Papier Wealth Management now owns 186,080 shares of the company’s stock valued at $1,007,000 after buying an additional 86,080 shares in the last quarter.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Rosenblatt Securities restated a “buy” rating and issued a $12.00 price objective on shares of Silvaco Group in a research report on Tuesday, November 4th. Wall Street Zen cut Silvaco Group from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Jefferies Financial Group raised Silvaco Group to a “strong-buy” rating in a research report on Tuesday, October 28th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Silvaco Group in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $11.25.

Silvaco Group Trading Down 1.7%

Silvaco Group stock traded down $0.07 during trading hours on Wednesday, hitting $4.07. 40,404 shares of the stock traded hands, compared to its average volume of 143,648. Silvaco Group has a one year low of $3.45 and a one year high of $9.93. The firm’s 50-day moving average price is $4.69 and its two-hundred day moving average price is $4.91. The company has a market cap of $124.67 million, a PE ratio of -3.96 and a beta of 3.31.

Silvaco Group (NASDAQ:SVCO) last released its quarterly earnings results on Wednesday, November 12th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.03). The firm had revenue of $18.67 million for the quarter, compared to the consensus estimate of $15.95 million. Silvaco Group had a negative net margin of 47.59% and a negative return on equity of 15.53%. On average, sell-side analysts expect that Silvaco Group will post -0.76 earnings per share for the current fiscal year.

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.