JPMorgan Chase & Co. raised its position in shares of CEVA, Inc. (NASDAQ:CEVA - Free Report) by 55.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,979 shares of the semiconductor company's stock after purchasing an additional 41,573 shares during the period. JPMorgan Chase & Co. owned 0.49% of CEVA worth $2,801,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in CEVA. Dimensional Fund Advisors LP raised its stake in shares of CEVA by 5.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 835,131 shares of the semiconductor company's stock valued at $16,110,000 after acquiring an additional 44,502 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of CEVA by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 559,109 shares of the semiconductor company's stock valued at $13,505,000 after acquiring an additional 3,649 shares in the last quarter. Rice Hall James & Associates LLC raised its stake in shares of CEVA by 5.5% in the 3rd quarter. Rice Hall James & Associates LLC now owns 452,541 shares of the semiconductor company's stock valued at $10,929,000 after acquiring an additional 23,566 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of CEVA by 8.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 222,962 shares of the semiconductor company's stock valued at $5,385,000 after acquiring an additional 16,463 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of CEVA by 97.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 211,771 shares of the semiconductor company's stock valued at $5,114,000 after acquiring an additional 104,453 shares in the last quarter. 85.37% of the stock is owned by hedge funds and other institutional investors.
CEVA Stock Performance
Shares of NASDAQ:CEVA traded up $0.06 during trading on Tuesday, hitting $34.24. 305,538 shares of the stock were exchanged, compared to its average volume of 305,339. CEVA, Inc. has a 1-year low of $16.02 and a 1-year high of $34.71. The company has a market capitalization of $809.09 million, a price-to-earnings ratio of -244.55 and a beta of 1.24. The company's fifty day simple moving average is $31.12 and its 200-day simple moving average is $25.76.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on CEVA. StockNews.com downgraded CEVA from a "buy" rating to a "hold" rating in a research note on Friday, November 15th. Northland Securities raised their price objective on CEVA from $31.00 to $35.00 and gave the company an "outperform" rating in a research note on Monday, December 23rd. Roth Mkm raised their target price on CEVA from $25.00 to $40.00 and gave the company a "buy" rating in a report on Friday, November 8th. Finally, Rosenblatt Securities raised their target price on CEVA from $28.00 to $35.00 and gave the company a "buy" rating in a report on Friday, November 8th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $34.20.
Read Our Latest Research Report on CEVA
CEVA Company Profile
(
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.
Featured Articles
Before you consider CEVA, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CEVA wasn't on the list.
While CEVA currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
