Stifel Financial Corp lifted its stake in CEVA, Inc. (NASDAQ:CEVA) by 7.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,396 shares of the semiconductor company’s stock after purchasing an additional 975 shares during the period. Stifel Financial Corp’s holdings in CEVA were worth $318,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Legal & General Group Plc boosted its stake in CEVA by 6.8% in the third quarter. Legal & General Group Plc now owns 46,776 shares of the semiconductor company’s stock valued at $1,342,000 after acquiring an additional 2,986 shares during the last quarter. Vanguard Group Inc boosted its stake in CEVA by 1.8% in the third quarter. Vanguard Group Inc now owns 2,262,434 shares of the semiconductor company’s stock valued at $65,044,000 after acquiring an additional 40,886 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in CEVA in the fourth quarter valued at approximately $1,588,000. Cowen Prime Services LLC boosted its position in shares of CEVA by 81.2% during the fourth quarter. Cowen Prime Services LLC now owns 24,321 shares of the semiconductor company’s stock worth $537,000 after purchasing an additional 10,900 shares in the last quarter. Finally, Chicago Equity Partners LLC bought a new position in shares of CEVA during the fourth quarter worth $362,000. 88.58% of the stock is owned by institutional investors and hedge funds.
In related news, EVP Issachar Ohana sold 6,670 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $28.00, for a total transaction of $186,760.00. Following the sale, the executive vice president now directly owns 34,616 shares in the company, valued at $969,248. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 3.00% of the company’s stock.
Shares of NASDAQ CEVA opened at $27.78 on Wednesday. The firm has a market cap of $622.05 million, a PE ratio of 252.55 and a beta of 1.74. CEVA, Inc. has a twelve month low of $20.40 and a twelve month high of $37.65.
CEVA (NASDAQ:CEVA) last announced its quarterly earnings results on Wednesday, February 13th. The semiconductor company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.08. CEVA had a net margin of 0.74% and a return on equity of 1.00%. The company had revenue of $21.40 million for the quarter, compared to analysts’ expectations of $22.07 million. During the same period last year, the firm posted $0.25 earnings per share. The business’s quarterly revenue was down .9% compared to the same quarter last year. On average, research analysts anticipate that CEVA, Inc. will post -0.08 EPS for the current year.
A number of equities analysts have recently weighed in on the stock. Northland Securities cut shares of CEVA from an “outperform” rating to a “market perform” rating and set a $27.00 price target on the stock. in a research report on Thursday, February 14th. BidaskClub raised shares of CEVA from a “hold” rating to a “buy” rating in a research report on Saturday. Cowen reduced their price target on shares of CEVA from $35.00 to $33.00 and set an “outperform” rating on the stock in a research report on Thursday, February 14th. ValuEngine cut shares of CEVA from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 2nd. Finally, Canaccord Genuity reissued a “buy” rating and set a $35.00 price target (down from $41.00) on shares of CEVA in a research report on Wednesday, February 13th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. CEVA presently has a consensus rating of “Buy” and a consensus price target of $33.43.
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CEVA, Inc licenses signal processing platforms and artificial intelligence processors for semiconductor companies and original equipment manufacturers (OEMs) serving the mobile, consumer, automotive, industrial, and Internet-of Things (IoT) markets worldwide. The company licenses a family of programmable digital signal processor (DSP) cores and application-specific platforms for imaging, computer vision, deep learning, sound, voice, and audio processing; and long range wireless technologies for LTE/5G baseband processing in IoT, handsets, and infrastructure, as well as short range wireless platforms for Wi-Fi and Bluetooth.
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