D.A. Davidson & CO. Purchases New Holdings in CEVA, Inc. (NASDAQ:CEVA)

D.A. Davidson & CO. purchased a new position in shares of CEVA, Inc. (NASDAQ:CEVA - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 55,597 shares of the semiconductor company's stock, valued at approximately $1,343,000. D.A. Davidson & CO. owned approximately 0.24% of CEVA at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. US Bancorp DE boosted its stake in CEVA by 125.8% in the 3rd 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. GAMMA Investing LLC lifted its stake 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 worth $35,000 after buying an additional 1,125 shares during the period. Point72 DIFC Ltd purchased a new stake in shares of CEVA during the second quarter valued at $43,000. nVerses Capital LLC acquired a new position in shares of CEVA in the 2nd quarter valued at $50,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in CEVA in the 2nd quarter worth $65,000. 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 reports. Rosenblatt Securities increased their price objective on CEVA from $28.00 to $35.00 and gave the company a "buy" rating in a report on Friday, November 8th. Oppenheimer increased their price target on shares of CEVA from $29.00 to $33.00 and gave the stock an "outperform" rating in a report on Thursday, August 8th. Roth Mkm lifted their price objective on shares of 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 shares of CEVA from a "buy" rating to a "hold" rating in a research note on Friday, November 15th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $34.00.

CEVA Stock Performance

CEVA stock traded up $0.59 during midday trading on Friday, hitting $29.74. 74,259 shares of the company were exchanged, compared to its average volume of 176,747. The business has a fifty day simple moving average of $25.79 and a two-hundred day simple moving average of $22.59. The firm has a market capitalization of $702.67 million, a PE ratio of -212.43 and a beta of 1.20. CEVA, Inc. has a fifty-two week low of $16.02 and a fifty-two week high of $31.22.

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.