CEVA, Inc. (NASDAQ:CEVA) Shares Purchased by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC boosted its stake in shares of CEVA, Inc. (NASDAQ:CEVA - Free Report) by 5.5% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 452,541 shares of the semiconductor company's stock after acquiring an additional 23,566 shares during the period. Rice Hall James & Associates LLC owned about 1.91% of CEVA worth $10,929,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CEVA. US Bancorp DE increased 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 last quarter. GAMMA Investing LLC increased its holdings in shares of 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 buying an additional 1,125 shares during the last quarter. Point72 DIFC Ltd purchased a new stake in shares of CEVA during the 2nd quarter valued at approximately $43,000. nVerses Capital LLC purchased a new stake in shares of CEVA during the 2nd quarter valued at approximately $50,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in CEVA in the second quarter valued at approximately $65,000. 85.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CEVA shares. StockNews.com lowered CEVA from a "buy" rating to a "hold" rating in a research note on Wednesday, August 21st. Oppenheimer increased their target price on shares of CEVA from $29.00 to $33.00 and gave the stock an "outperform" rating in a research note on Thursday, August 8th. Roth Mkm raised shares of CEVA from a "neutral" rating to a "buy" rating and boosted their price target for the company from $20.00 to $25.00 in a research note on Thursday, August 8th. Finally, Rosenblatt Securities restated a "buy" rating and issued a $28.00 price objective on shares of CEVA in a report on Thursday. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, CEVA has an average rating of "Moderate Buy" and an average price target of $28.50.

CEVA Stock Up 1.5 %

CEVA stock traded up $0.34 during midday trading on Friday, hitting $23.68. The company's stock had a trading volume of 128,885 shares, compared to its average volume of 149,761. The firm has a 50-day simple moving average of $24.03 and a 200-day simple moving average of $21.42. CEVA, Inc. has a 52-week low of $16.02 and a 52-week high of $25.74. The firm has a market capitalization of $560.98 million, a P/E ratio of -80.46 and a beta of 1.19.

CEVA (NASDAQ:CEVA - Get Free Report) last issued its earnings results on Wednesday, August 7th. The semiconductor company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.14. CEVA had a negative net margin of 7.02% and a negative return on equity of 3.77%. The business had revenue of $28.44 million during the quarter, compared to analysts' expectations of $24.47 million. On average, sell-side analysts expect that CEVA, Inc. will post -0.31 earnings per share for the current fiscal year.

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.