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

Silvaco Group's (NASDAQ:SVCO - Get Free Report) lock-up period is set to 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. After the end of Silvaco Group's lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Wall Street Analysts Forecast Growth

A number of analysts have commented on SVCO shares. B. Riley reaffirmed a "buy" rating and set a $26.00 price objective on shares of Silvaco Group in a research note on Thursday, September 19th. Rosenblatt Securities reduced their price target on shares of Silvaco Group from $26.00 to $18.00 and set a "buy" rating for the company in a research report on Thursday, October 17th. Needham & Company LLC lowered their price objective on shares of Silvaco Group from $26.00 to $19.00 and set a "buy" rating on the stock in a research report on Thursday, October 17th. 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 note on Wednesday, October 16th. Finally, Craig Hallum decreased their target price on Silvaco Group from $25.00 to $17.00 and set a "buy" rating for the company in a research report on Wednesday, October 16th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Silvaco Group currently has an average rating of "Buy" and an average target price of $20.83.

Silvaco Group Trading Up 3.5 %

Shares of NASDAQ:SVCO traded up $0.23 during midday trading on Tuesday, hitting $6.83. 440,144 shares of the stock were exchanged, compared to its average volume of 394,831. The stock's fifty day moving average is $12.82. Silvaco Group has a 52-week low of $6.14 and a 52-week high of $21.59.

Silvaco Group (NASDAQ:SVCO - Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The company reported ($0.81) earnings per share for the quarter, missing analysts' consensus estimates of ($0.67) by ($0.14). The firm had revenue of $14.96 million during the quarter, compared to the consensus estimate of $14.68 million. On average, sell-side analysts forecast that Silvaco Group will post -0.74 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Federated Hermes Inc. bought a new position in shares of Silvaco Group in the 2nd quarter valued at approximately $216,000. Point72 DIFC Ltd acquired a new position in Silvaco Group during the second quarter valued at approximately $235,000. Cubist Systematic Strategies LLC bought a new position in shares of Silvaco Group in the second quarter valued at approximately $366,000. XTX Topco Ltd acquired a new stake in shares of Silvaco Group in the second quarter worth $402,000. Finally, Squarepoint Ops LLC bought a new stake in shares of Silvaco Group during the 2nd quarter worth $640,000.

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.