Silvaco Group, Inc.’s Lock-Up Period To End on November 5th (NASDAQ:SVCO)

Silvaco Group’s (NASDAQ:SVCO) lock-up period is set to end on Tuesday, November 5th. Silvaco Group had issued 6,000,000 shares in its initial public offering on May 9th. The total size of the offering was $114,000,000 based on an initial share price of $19.00. After the end of the company’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Analysts Set New Price Targets

Several research firms have recently commented on SVCO. TD Cowen lowered their target price on Silvaco Group from $23.00 to $20.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. B. Riley reiterated a “buy” rating and issued a $26.00 price objective on shares of Silvaco Group in a research report on Thursday, September 19th. Rosenblatt Securities cut their target price on shares of Silvaco Group from $26.00 to $18.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. Needham & Company LLC lowered their price target on shares of Silvaco Group from $26.00 to $19.00 and set a “buy” rating for the company in a research report on Thursday, October 17th. Finally, Craig Hallum dropped their price target on shares of Silvaco Group from $25.00 to $17.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $20.83.

Silvaco Group Price Performance

Silvaco Group stock opened at $6.27 on Friday. The stock’s 50-day moving average is $12.22. Silvaco Group has a 1 year low of $6.14 and a 1 year high of $21.59.

Silvaco Group (NASDAQ:SVCO) last issued its earnings results on Wednesday, August 7th. The company reported ($0.81) EPS for the quarter, missing the consensus estimate of ($0.67) by ($0.14). The business had revenue of $14.96 million for the quarter, compared to analysts’ expectations of $14.68 million. Equities analysts forecast that Silvaco Group will post -0.74 EPS for the current year.

Institutional Trading of Silvaco Group

Several hedge funds have recently added to or reduced their stakes in the business. Point72 Asset Management L.P. bought a new stake in shares of Silvaco Group in the second quarter worth about $1,182,000. Davidson Kempner Capital Management LP acquired a new position in shares of Silvaco Group in the 2nd quarter valued at approximately $3,182,000. Ghisallo Capital Management LLC bought a new stake in Silvaco Group during the 2nd quarter worth approximately $899,000. First Eagle Investment Management LLC acquired a new stake in Silvaco Group during the 2nd quarter worth approximately $3,469,000. Finally, Ovata Capital Management Ltd bought a new position in Silvaco Group in the second quarter valued at approximately $1,618,000.

About Silvaco Group

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.