SG Americas Securities LLC Reduces Stock Holdings in CEVA, Inc. (NASDAQ:CEVA)

SG Americas Securities LLC lowered its position in CEVA, Inc. (NASDAQ:CEVA - Free Report) by 70.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,581 shares of the semiconductor company's stock after selling 8,693 shares during the quarter. SG Americas Securities LLC's holdings in CEVA were worth $113,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in CEVA. US Bancorp DE boosted its stake 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 acquiring an additional 779 shares during the last quarter. GAMMA Investing LLC boosted 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 valued at $35,000 after acquiring an additional 1,125 shares during the last quarter. Point72 DIFC Ltd boosted its stake in shares of CEVA by 16.8% during the third quarter. Point72 DIFC Ltd now owns 2,632 shares of the semiconductor company's stock valued at $64,000 after acquiring an additional 378 shares during the last quarter. FMR LLC boosted its stake in shares of CEVA by 56.4% during the third quarter. FMR LLC now owns 3,409 shares of the semiconductor company's stock valued at $82,000 after acquiring an additional 1,230 shares during the last quarter. Finally, Aigen Investment Management LP acquired a new stake in shares of CEVA during the third quarter valued at $213,000. Hedge funds and other institutional investors own 85.37% of the company's stock.

Analyst Ratings Changes

CEVA has been the topic of a number of analyst reports. StockNews.com lowered CEVA from a "buy" rating to a "hold" rating in a research note on Friday, November 15th. Rosenblatt Securities reissued a "buy" rating and issued a $35.00 price target on shares of CEVA in a research note on Tuesday, February 11th. Barclays raised their price target on CEVA from $34.00 to $40.00 and gave the stock an "overweight" rating in a research note on Friday. Roth Mkm raised their price target on CEVA from $25.00 to $40.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Finally, Northland Securities raised their price target on CEVA from $31.00 to $35.00 and gave the stock an "outperform" rating in a research note on Monday, December 23rd. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, CEVA has an average rating of "Moderate Buy" and an average target price of $36.60.

CEVA Stock Down 0.8 %

Shares of NASDAQ CEVA traded down $0.29 during midday trading on Friday, hitting $34.67. The stock had a trading volume of 236,674 shares, compared to its average volume of 341,120. The company has a market capitalization of $819.15 million, a price-to-earnings ratio of -247.63 and a beta of 1.25. CEVA, Inc. has a 1-year low of $16.02 and a 1-year high of $37.75. The company has a fifty day moving average price of $32.58 and a 200 day moving average price of $27.49.

CEVA (NASDAQ:CEVA - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The semiconductor company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.16). CEVA had a negative net margin of 3.22% and a negative return on equity of 2.69%. On average, research analysts forecast that CEVA, Inc. will post -0.25 EPS for the current 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.