Yorktown Management & Research Co Inc bought a new position in CEVA, Inc. (NASDAQ:CEVA) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 8,500 shares of the semiconductor company’s stock, valued at approximately $364,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in CEVA. UBS Asset Management Americas Inc. bought a new stake in shares of CEVA in the 1st quarter worth about $220,000. California Public Employees Retirement System increased its position in shares of CEVA by 1.2% in the 1st quarter. California Public Employees Retirement System now owns 58,100 shares of the semiconductor company’s stock worth $2,063,000 after purchasing an additional 700 shares during the last quarter. Vanguard Group Inc. increased its position in shares of CEVA by 5.1% in the 1st quarter. Vanguard Group Inc. now owns 1,930,411 shares of the semiconductor company’s stock worth $68,530,000 after purchasing an additional 94,517 shares during the last quarter. Geode Capital Management LLC increased its position in shares of CEVA by 8.2% in the 1st quarter. Geode Capital Management LLC now owns 175,196 shares of the semiconductor company’s stock worth $6,219,000 after purchasing an additional 13,259 shares during the last quarter. Finally, BlackRock Inc. grew its position in shares of CEVA by 149,831.4% during the 1st quarter. BlackRock Inc. now owns 2,532,342 shares of the semiconductor company’s stock valued at $89,898,000 after buying an additional 2,530,653 shares during the last quarter. 86.50% of the stock is owned by institutional investors.
A number of equities research analysts recently weighed in on the stock. Canaccord Genuity boosted their price objective on shares of CEVA from $53.00 to $54.00 and gave the company a “buy” rating in a research report on Wednesday, November 1st. Zacks Investment Research downgraded shares of CEVA from a “hold” rating to a “sell” rating in a research report on Monday, November 6th. Finally, BidaskClub downgraded shares of CEVA from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. CEVA has an average rating of “Buy” and a consensus price target of $46.71.
In other news, EVP Issachar Ohana sold 1,965 shares of the company’s stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $50.10, for a total value of $98,446.50. Following the completion of the sale, the executive vice president now directly owns 28,289 shares of the company’s stock, valued at approximately $1,417,278.90. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Eliyahu Ayalon sold 9,215 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $46.00, for a total transaction of $423,890.00. Following the completion of the sale, the director now directly owns 11,586 shares of the company’s stock, valued at $532,956. The disclosure for this sale can be found here. In the last 90 days, insiders sold 67,682 shares of company stock valued at $3,257,929. 3.90% of the stock is owned by insiders.
CEVA, Inc. (CEVA) traded up $0.75 during midday trading on Thursday, reaching $45.55. 110,877 shares of the company’s stock traded hands, compared to its average volume of 166,523. CEVA, Inc. has a 1 year low of $30.55 and a 1 year high of $51.80. The company has a market cap of $1,000.41, a PE ratio of 50.58, a price-to-earnings-growth ratio of 2.96 and a beta of 0.74.
CEVA (NASDAQ:CEVA) last posted its earnings results on Wednesday, November 1st. The semiconductor company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.28 by $0.08. CEVA had a net margin of 21.89% and a return on equity of 9.02%. The firm had revenue of $24.00 million during the quarter, compared to analysts’ expectations of $21.56 million. During the same quarter in the prior year, the firm earned $0.24 EPS. CEVA’s quarterly revenue was up 34.1% on a year-over-year basis. analysts anticipate that CEVA, Inc. will post 0.77 EPS for the current year.
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CEVA, Inc (CEVA) is a licensor of signal processing intellectual property (IP). The Company partners with semiconductor companies and original equipment manufacturers (OEMs) to create connected devices for a range of end markets, including mobile, consumer, automotive, industrial and Internet of things (IoT).
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