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

Silvaco Group’s (NASDAQ:SVCO) lock-up period will expire on Tuesday, November 5th. Silvaco Group had issued 6,000,000 shares in its public offering on May 9th. The total size of the offering was $114,000,000 based on an initial share price of $19.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the end of the lock-up period.

Analysts Set New Price Targets

SVCO has been the topic of a number of research reports. TD Cowen cut their target price on shares of Silvaco Group from $23.00 to $20.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Craig Hallum cut their price objective on shares of Silvaco Group from $25.00 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. Needham & Company LLC lowered their target price on Silvaco Group from $26.00 to $19.00 and set a “buy” rating for the company in a report on Thursday, October 17th. B. Riley reaffirmed a “buy” rating and set a $26.00 target price on shares of Silvaco Group in a research report on Thursday, September 19th. Finally, Rosenblatt Securities reduced their price target on Silvaco Group from $26.00 to $18.00 and set a “buy” rating for the company in a research report on Thursday, October 17th. Six analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $20.83.

Silvaco Group Price Performance

Shares of NASDAQ:SVCO opened at $6.36 on Tuesday. Silvaco Group has a 52-week low of $6.14 and a 52-week high of $21.59. The business has a 50-day moving average price of $12.01.

Silvaco Group (NASDAQ:SVCO) last posted its quarterly 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 the consensus estimate of $14.68 million. As a group, equities analysts predict that Silvaco Group will post -0.74 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Silvaco Group

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