Migdal Insurance & Financial Holdings Ltd. Reduces Position in CEVA, Inc. (NASDAQ:CEVA)

Migdal Insurance & Financial Holdings Ltd. decreased its holdings in CEVA, Inc. (NASDAQ:CEVA - Free Report) by 14.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 355,821 shares of the semiconductor company's stock after selling 61,013 shares during the period. Migdal Insurance & Financial Holdings Ltd. owned 1.51% of CEVA worth $11,226,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. US Bancorp DE increased 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 valued at $34,000 after buying an additional 779 shares during the period. GAMMA Investing LLC increased its holdings in CEVA by 338.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,457 shares of the semiconductor company's stock worth $35,000 after acquiring an additional 1,125 shares during the period. Point72 DIFC Ltd increased 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 acquiring an additional 378 shares during the period. FMR LLC lifted its stake in CEVA by 56.4% in the 3rd quarter. FMR LLC now owns 3,409 shares of the semiconductor company's stock worth $82,000 after purchasing an additional 1,230 shares in the last quarter. Finally, Aigen Investment Management LP bought a new position in CEVA in the 3rd quarter valued at $213,000. 85.37% of the stock is currently owned by hedge funds and other institutional investors.

CEVA Price Performance

CEVA stock traded down $0.16 during trading on Monday, hitting $32.65. 74,813 shares of the stock traded hands, compared to its average volume of 330,268. The stock has a market cap of $771.59 million, a price-to-earnings ratio of -233.15 and a beta of 1.25. CEVA, Inc. has a 1 year low of $16.02 and a 1 year high of $34.71. The firm's 50 day moving average is $32.32 and its two-hundred day moving average is $26.97.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. StockNews.com downgraded CEVA from a "buy" rating to a "hold" rating in a research report on Friday, November 15th. Rosenblatt Securities upped their price objective on shares of CEVA from $28.00 to $35.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Northland Securities upped their target price on CEVA from $31.00 to $35.00 and gave the stock an "outperform" rating in a research note on Monday, December 23rd. Finally, Roth Mkm increased their price objective on CEVA from $25.00 to $40.00 and gave the stock a "buy" rating in a report on Friday, November 8th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $34.20.

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.