Counterpoint Mutual Funds LLC bought a new position in CEVA, Inc. (NASDAQ:CEVA - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 10,277 shares of the semiconductor company's stock, valued at approximately $324,000.
Other large investors have also bought and sold shares of the company. US Bancorp DE lifted its position in shares of 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 in the last quarter. Point72 DIFC Ltd lifted its holdings in CEVA by 16.8% during the 3rd quarter. Point72 DIFC Ltd now owns 2,632 shares of the semiconductor company's stock worth $64,000 after buying an additional 378 shares in the last quarter. GAMMA Investing LLC boosted its position in CEVA by 63.3% in the 4th quarter. GAMMA Investing LLC now owns 2,379 shares of the semiconductor company's stock valued at $75,000 after buying an additional 922 shares during the last quarter. FMR LLC increased its stake in shares of CEVA by 56.4% in the 3rd quarter. FMR LLC now owns 3,409 shares of the semiconductor company's stock valued at $82,000 after buying an additional 1,230 shares during the period. Finally, Cornerstone Investment Partners LLC acquired a new stake in shares of CEVA in the 4th quarter valued at $215,000. 85.37% of the stock is currently owned by institutional investors.
Insider Activity
In other CEVA news, Director Louis Silver sold 4,520 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $30.98, for a total transaction of $140,029.60. Following the sale, the director now directly owns 47,038 shares in the company, valued at approximately $1,457,237.24. This trade represents a 8.77 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 2.40% of the stock is currently owned by company insiders.
CEVA Stock Down 2.9 %
NASDAQ CEVA traded down $0.84 during trading on Friday, reaching $28.35. 723,344 shares of the stock traded hands, compared to its average volume of 164,299. The stock's 50-day moving average price is $32.85 and its 200 day moving average price is $29.22. The firm has a market cap of $674.93 million, a price-to-earnings ratio of -76.62 and a beta of 1.32. CEVA, Inc. has a fifty-two week low of $16.02 and a fifty-two week high of $38.94.
CEVA (NASDAQ:CEVA - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The semiconductor company reported ($0.05) 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%. Analysts anticipate that CEVA, Inc. will post -0.12 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on CEVA shares. Rosenblatt Securities reiterated a "buy" rating and issued a $35.00 price target on shares of CEVA in a report on Tuesday, February 11th. Barclays raised their target price on shares of CEVA from $34.00 to $40.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Finally, Northland Securities increased their price objective on shares of CEVA from $31.00 to $35.00 and gave the company an "outperform" rating in a report on Monday, December 23rd. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, CEVA presently has a consensus rating of "Moderate Buy" and an average target price of $36.60.
Get Our Latest Stock Report on CEVA
CEVA 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.
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