Norges Bank bought a new stake in shares of CEVA, Inc. (NASDAQ:CEVA - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 89,300 shares of the semiconductor company's stock, valued at approximately $2,817,000. Norges Bank owned about 0.38% of CEVA as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the company. Jane Street Group LLC grew its holdings in shares of CEVA by 206.2% in the third quarter. Jane Street Group LLC now owns 137,061 shares of the semiconductor company's stock valued at $3,310,000 after acquiring an additional 92,295 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of CEVA by 55.9% during the third quarter. JPMorgan Chase & Co. now owns 115,979 shares of the semiconductor company's stock worth $2,801,000 after acquiring an additional 41,573 shares in the last quarter. Barclays PLC boosted its stake in CEVA by 389.8% in the 3rd quarter. Barclays PLC now owns 41,900 shares of the semiconductor company's stock worth $1,011,000 after purchasing an additional 33,346 shares during the period. Charles Schwab Investment Management Inc. grew its stake in CEVA by 8.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 222,962 shares of the semiconductor company's stock valued at $5,385,000 after acquiring an additional 16,463 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of CEVA by 0.7% in the third quarter. Geode Capital Management LLC now owns 559,109 shares of the semiconductor company's stock worth $13,505,000 after purchasing an additional 3,649 shares during the period. Institutional investors own 85.37% of the company's stock.
Insiders Place Their Bets
In other news, Director Louis Silver sold 4,520 shares of CEVA 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 owns 47,038 shares in the company, valued at $1,457,237.24. This trade represents a 8.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.40% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on the stock. Northland Securities lifted their target price on shares of CEVA from $31.00 to $35.00 and gave the company an "outperform" rating in a research report on Monday, December 23rd. Barclays increased their price objective on CEVA from $34.00 to $40.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Rosenblatt Securities reissued a "buy" rating and issued a $35.00 target price on shares of CEVA in a research note on Tuesday, February 11th. Finally, StockNews.com downgraded shares of CEVA from a "buy" rating to a "hold" rating in a research report on Tuesday, April 1st. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, CEVA has a consensus rating of "Moderate Buy" and a consensus price target of $36.60.
View Our Latest Research Report on CEVA
CEVA Stock Performance
Shares of NASDAQ CEVA traded down $0.82 during midday trading on Wednesday, hitting $22.55. 15,188 shares of the company's stock traded hands, compared to its average volume of 205,270. The firm has a fifty day moving average of $29.49 and a 200 day moving average of $29.35. The stock has a market capitalization of $539.07 million, a price-to-earnings ratio of -61.01 and a beta of 1.46. CEVA, Inc. has a 1 year low of $16.02 and a 1 year high of $38.94.
CEVA (NASDAQ:CEVA - Get Free Report) last released its earnings results on Thursday, February 13th. The semiconductor company reported ($0.05) earnings per share (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%. On average, equities analysts anticipate that CEVA, Inc. will post -0.12 earnings per share for the current year.
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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