CEVA, Inc. (NASDAQ:CEVA) Shares Sold by State Street Corp

State Street Corp lowered its stake in CEVA, Inc. (NASDAQ:CEVA - Free Report) by 1.9% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,038,983 shares of the semiconductor company's stock after selling 19,647 shares during the quarter. State Street Corp owned approximately 4.40% of CEVA worth $25,091,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. US Bancorp DE raised its position in shares of CEVA by 125.8% in 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 last quarter. GAMMA Investing LLC raised its holdings in CEVA by 338.9% in the 3rd 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 purchased a new position in shares of CEVA during the 2nd quarter worth $43,000. nVerses Capital LLC acquired a new stake in shares of CEVA during the second quarter worth $50,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of CEVA in the second quarter valued at $65,000. Institutional investors and hedge funds own 85.37% of the company's stock.

CEVA Stock Performance

CEVA traded up $0.71 on Monday, reaching $31.82. 210,595 shares of the company's stock were exchanged, compared to its average volume of 162,285. CEVA, Inc. has a twelve month low of $16.02 and a twelve month high of $33.44. The company's 50 day moving average is $28.03 and its 200-day moving average is $23.90. The company has a market cap of $751.81 million, a price-to-earnings ratio of -227.27 and a beta of 1.27.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. 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. Rosenblatt Securities boosted their target price on shares of CEVA from $28.00 to $35.00 and gave the company a "buy" rating in a report on Friday, November 8th. StockNews.com lowered shares of CEVA from a "buy" rating to a "hold" rating in a research report on Friday, November 15th. Finally, Roth Mkm lifted their price target on shares of CEVA from $25.00 to $40.00 and gave the company a "buy" rating in a report on Friday, November 8th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $34.20.

About CEVA

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.