Barclays PLC Has $1.01 Million Stake in CEVA, Inc. (NASDAQ:CEVA)

Barclays PLC boosted its position in shares of CEVA, Inc. (NASDAQ:CEVA - Free Report) by 389.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,900 shares of the semiconductor company's stock after purchasing an additional 33,346 shares during the period. Barclays PLC owned about 0.18% of CEVA worth $1,011,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of CEVA. American Century Companies Inc. lifted its position in shares of CEVA by 18.9% in the second quarter. American Century Companies Inc. now owns 32,168 shares of the semiconductor company's stock worth $621,000 after purchasing an additional 5,119 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in CEVA by 5.6% in the second quarter. Dimensional Fund Advisors LP now owns 835,131 shares of the semiconductor company's stock valued at $16,110,000 after purchasing an additional 44,502 shares in the last quarter. Public Sector Pension Investment Board raised its position in CEVA by 6.1% during the second quarter. Public Sector Pension Investment Board now owns 51,888 shares of the semiconductor company's stock worth $1,001,000 after acquiring an additional 2,994 shares in the last quarter. Magnetar Financial LLC bought a new position in shares of CEVA in the 2nd quarter valued at about $311,000. Finally, Point72 DIFC Ltd acquired a new position in shares of CEVA during the 2nd quarter worth about $43,000. Institutional investors and hedge funds own 85.37% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on CEVA. StockNews.com cut CEVA from a "buy" rating to a "hold" rating in a report on Friday, November 15th. Rosenblatt Securities increased their price target on CEVA from $28.00 to $35.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Northland Securities raised their price target on CEVA from $31.00 to $35.00 and gave the company an "outperform" rating in a report on Monday, December 23rd. Finally, Roth Mkm increased their price objective on shares of CEVA from $25.00 to $40.00 and gave the company a "buy" rating in a research report on Friday, November 8th. One investment 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 presently has an average rating of "Moderate Buy" and an average price target of $34.20.

CEVA Price Performance

NASDAQ CEVA traded up $1.38 on Wednesday, reaching $33.68. The stock had a trading volume of 139,592 shares, compared to its average volume of 277,540. The company has a market cap of $795.76 million, a P/E ratio of -240.55 and a beta of 1.24. The firm has a fifty day moving average of $30.63 and a two-hundred day moving average of $25.33. CEVA, Inc. has a 1-year low of $16.02 and a 1-year high of $34.32.

CEVA 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.