Jane Street Group LLC Increases Stake in CEVA, Inc. (NASDAQ:CEVA)

Jane Street Group LLC raised its position in shares of CEVA, Inc. (NASDAQ:CEVA - Free Report) by 206.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 137,061 shares of the semiconductor company's stock after purchasing an additional 92,295 shares during the period. Jane Street Group LLC owned 0.58% of CEVA worth $3,310,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. US Bancorp DE boosted its position 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 purchasing an additional 779 shares during the period. GAMMA Investing LLC increased its position 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 valued at $35,000 after buying an additional 1,125 shares during the period. Point72 DIFC Ltd purchased a new stake in shares of CEVA in the second quarter worth about $43,000. nVerses Capital LLC bought a new position in shares of CEVA in the second quarter valued at approximately $50,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in CEVA during the second quarter valued at approximately $65,000. 85.37% of the stock is owned by hedge funds and other institutional investors.

CEVA Stock Performance

CEVA traded up $0.19 during trading on Friday, reaching $31.11. The stock had a trading volume of 359,597 shares, compared to its average volume of 161,470. The business has a 50-day moving average of $27.78 and a 200-day moving average of $23.68. CEVA, Inc. has a one year low of $16.02 and a one year high of $33.44. The stock has a market cap of $735.04 million, a PE ratio of -222.20 and a beta of 1.27.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Rosenblatt Securities upped 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. StockNews.com lowered CEVA from a "buy" rating to a "hold" rating in a research note on Friday, November 15th. Finally, Roth Mkm lifted their price target on CEVA from $25.00 to $40.00 and gave the company a "buy" rating in a research report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $34.00.

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.