ArrowMark Colorado Holdings LLC Makes New $2.05 Million Investment in CEVA, Inc. (NASDAQ:CEVA)

ArrowMark Colorado Holdings LLC purchased a new stake in CEVA, Inc. (NASDAQ:CEVA - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 85,000 shares of the semiconductor company's stock, valued at approximately $2,053,000. ArrowMark Colorado Holdings LLC owned approximately 0.36% of CEVA as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. BNP Paribas Financial Markets raised its position in shares of CEVA by 40.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 26,432 shares of the semiconductor company's stock worth $638,000 after purchasing an additional 7,603 shares during the last quarter. FMR LLC lifted its position in CEVA by 56.4% during the third quarter. FMR LLC now owns 3,409 shares of the semiconductor company's stock worth $82,000 after buying an additional 1,230 shares in the last quarter. D.A. Davidson & CO. acquired a new position in CEVA during the third quarter worth $1,343,000. The Manufacturers Life Insurance Company acquired a new stake in shares of CEVA in the 3rd quarter worth $220,000. Finally, Centaurus Financial Inc. raised its holdings in shares of CEVA by 2.5% during the 3rd quarter. Centaurus Financial Inc. now owns 18,083 shares of the semiconductor company's stock worth $437,000 after acquiring an additional 433 shares during the period. Institutional investors and hedge funds own 85.37% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on CEVA. Roth Mkm lifted their target price on shares of CEVA from $25.00 to $40.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. StockNews.com lowered CEVA from a "buy" rating to a "hold" rating in a research report on Friday, November 15th. Rosenblatt Securities lifted their target price on CEVA from $28.00 to $35.00 and gave the company a "buy" rating in a research report on Friday, November 8th. Finally, Oppenheimer increased their price target on CEVA from $29.00 to $33.00 and gave the stock an "outperform" rating in a report on Thursday, August 8th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, CEVA currently has a consensus rating of "Moderate Buy" and a consensus price target of $34.00.

CEVA Trading Up 2.6 %

CEVA traded up $0.77 during mid-day trading on Tuesday, hitting $30.34. 45,674 shares of the stock were exchanged, compared to its average volume of 152,905. The firm's fifty day moving average is $25.91 and its two-hundred day moving average is $22.66. CEVA, Inc. has a 1-year low of $16.02 and a 1-year high of $31.22. The company has a market cap of $716.93 million, a PE ratio of -211.20 and a beta of 1.27.

CEVA Company Profile

CEVA, Inc provides silicon and software IP solutions to semiconductor and original equipment manufacturer (OEM) companies worldwide. Its 5G mobile and infrastructure products include Ceva-XC vector digital signal processors (DSPs) for 5G handsets, 5G RAN, and general-purpose baseband processing; PentaG-RAN, an open ran platform for base station and radio; and PentaG2 - 5G NR modem platform for UE, as well as for non-handset 5G vertical markets, such as fixed wireless access, industry 4.0, robotics, and AR/VR devices.