Charles Schwab Investment Management Inc. Buys 16,463 Shares of CEVA, Inc. (NASDAQ:CEVA)

Charles Schwab Investment Management Inc. boosted its stake in CEVA, Inc. (NASDAQ:CEVA - Free Report) by 8.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 222,962 shares of the semiconductor company's stock after purchasing an additional 16,463 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.94% of CEVA worth $5,385,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. nVerses Capital LLC purchased a new position in shares of CEVA during the 2nd quarter valued at $50,000. Acadian Asset Management LLC boosted its position in shares of CEVA by 8.3% during the 2nd quarter. Acadian Asset Management LLC now owns 566,880 shares of the semiconductor company's stock valued at $10,931,000 after acquiring an additional 43,266 shares during the last quarter. Quest Partners LLC purchased a new position in shares of CEVA during the second quarter worth about $395,000. American Century Companies Inc. increased 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 during the last quarter. Finally, Cornercap Investment Counsel Inc. purchased a new stake in CEVA in the second quarter valued at approximately $530,000. Hedge funds and other institutional investors own 85.37% of the company's stock.

Analysts Set New Price Targets

CEVA has been the topic of a number of research analyst reports. 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. Roth Mkm increased their target price on CEVA from $25.00 to $40.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Finally, StockNews.com lowered CEVA from a "buy" rating to a "hold" rating in a research note on Friday, November 15th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $34.00.

CEVA Price Performance

CEVA traded up $0.39 during midday trading on Friday, reaching $32.64. 80,971 shares of the company's stock traded hands, compared to its average volume of 157,790. The stock has a market capitalization of $771.19 million, a price-to-earnings ratio of -231.43 and a beta of 1.27. CEVA, Inc. has a 52 week low of $16.02 and a 52 week high of $33.18. The firm has a fifty day moving average of $27.04 and a two-hundred day moving average of $23.26.

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.