CEVA, Inc. (NASDAQ:CEVA) Shares Bought by Barclays PLC

Barclays PLC raised its position in CEVA, Inc. (NASDAQ:CEVA - Free Report) by 389.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,900 shares of the semiconductor company's stock after acquiring an additional 33,346 shares during the period. Barclays PLC owned approximately 0.18% of CEVA worth $1,011,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in CEVA. US Bancorp DE raised its position in shares of CEVA by 125.8% in the 3rd quarter. US Bancorp DE now owns 1,398 shares of the semiconductor company's stock valued at $34,000 after purchasing an additional 779 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of CEVA by 338.9% during the third quarter. GAMMA Investing LLC now owns 1,457 shares of the semiconductor company's stock worth $35,000 after buying an additional 1,125 shares during the period. Point72 DIFC Ltd acquired a new stake in shares of CEVA during the second quarter worth $43,000. nVerses Capital LLC purchased a new stake in shares of CEVA during the second quarter valued at $50,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of CEVA during the second quarter valued at $65,000. 85.37% of the stock is owned by institutional investors and hedge funds.

CEVA Stock Performance

CEVA stock traded down $0.49 during midday trading on Tuesday, hitting $31.55. 196,090 shares of the company were exchanged, compared to its average volume of 163,312. The business has a fifty day simple moving average of $28.97 and a two-hundred day simple moving average of $24.40. The firm has a market capitalization of $745.43 million, a PE ratio of -225.34 and a beta of 1.27. CEVA, Inc. has a fifty-two week low of $16.02 and a fifty-two week high of $33.44.

Analyst Ratings Changes

CEVA has been the subject of a number of research reports. StockNews.com cut CEVA from a "buy" rating to a "hold" rating in a research report on Friday, November 15th. Roth Mkm lifted their target price on CEVA from $25.00 to $40.00 and gave the stock a "buy" rating in a report on Friday, November 8th. Rosenblatt Securities increased their price target on shares of CEVA from $28.00 to $35.00 and gave the stock a "buy" rating in a report on Friday, November 8th. Finally, Northland Securities upped their price objective on shares of CEVA from $31.00 to $35.00 and gave the company an "outperform" rating in a report on Monday, December 23rd. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $34.20.

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.