CEVA, Inc. (NASDAQ:CEVA - Get Free Report) Director Louis Silver sold 4,520 shares of the company's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $30.98, for a total transaction of $140,029.60. Following the transaction, the director now owns 47,038 shares of the company's stock, valued at $1,457,237.24. This represents a 8.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
CEVA Trading Down 2.9 %
CEVA stock traded down $0.84 during midday trading on Friday, hitting $28.35. 723,344 shares of the stock were exchanged, compared to its average volume of 164,412. CEVA, Inc. has a fifty-two week low of $16.02 and a fifty-two week high of $38.94. The stock has a market capitalization of $674.93 million, a price-to-earnings ratio of -76.62 and a beta of 1.32. The stock's 50-day simple moving average is $32.78 and its 200 day simple moving average is $29.29.
CEVA (NASDAQ:CEVA - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.16). CEVA had a negative return on equity of 2.48% and a negative net margin of 8.22%. Equities analysts anticipate that CEVA, Inc. will post -0.12 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on CEVA. Rosenblatt Securities reiterated a "buy" rating and issued a $35.00 target price on shares of CEVA in a research report on Tuesday, February 11th. Northland Securities increased their target price on shares of CEVA from $31.00 to $35.00 and gave the company an "outperform" rating in a research report on Monday, December 23rd. Finally, Barclays increased their target price on shares of CEVA from $34.00 to $40.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $36.60.
View Our Latest Research Report on CEVA
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of the stock. Point72 DIFC Ltd boosted its stake in CEVA by 16.8% during the third quarter. Point72 DIFC Ltd now owns 2,632 shares of the semiconductor company's stock worth $64,000 after buying an additional 378 shares during the period. Centaurus Financial Inc. boosted its stake in CEVA by 2.5% during the third quarter. Centaurus Financial Inc. now owns 18,083 shares of the semiconductor company's stock worth $437,000 after buying an additional 433 shares during the period. Franklin Resources Inc. boosted its stake in CEVA by 1.5% during the fourth quarter. Franklin Resources Inc. now owns 33,939 shares of the semiconductor company's stock worth $1,071,000 after buying an additional 507 shares during the period. Magnetar Financial LLC boosted its stake in CEVA by 2.8% during the fourth quarter. Magnetar Financial LLC now owns 19,743 shares of the semiconductor company's stock worth $623,000 after buying an additional 531 shares during the period. Finally, US Bancorp DE boosted its stake in CEVA by 125.8% during the third quarter. US Bancorp DE now owns 1,398 shares of the semiconductor company's stock worth $34,000 after buying an additional 779 shares during the period. Hedge funds and other institutional investors own 85.37% of the company's stock.
About CEVA
(
Get Free Report)
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.
Further Reading
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