43,631 Shares in Ceva, Inc. $CEVA Purchased by Themes Management Co LLC

Themes Management Co LLC bought a new position in shares of Ceva, Inc. (NASDAQ:CEVA) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 43,631 shares of the semiconductor company’s stock, valued at approximately $939,000. Themes Management Co LLC owned approximately 0.18% of Ceva at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of CEVA. Penserra Capital Management LLC acquired a new position in Ceva during the 3rd quarter worth about $11,410,000. Handelsbanken Fonder AB lifted its stake in Ceva by 1,287.5% during the 3rd quarter. Handelsbanken Fonder AB now owns 355,418 shares of the semiconductor company’s stock worth $9,387,000 after acquiring an additional 329,802 shares in the last quarter. Westerly Capital Management LLC acquired a new position in Ceva during the 2nd quarter worth about $3,956,000. Disciplined Growth Investors Inc. MN lifted its stake in Ceva by 40.6% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 619,817 shares of the semiconductor company’s stock worth $13,624,000 after acquiring an additional 179,098 shares in the last quarter. Finally, Capitolis Liquid Global Markets LLC lifted its stake in Ceva by 38.8% during the 3rd quarter. Capitolis Liquid Global Markets LLC now owns 492,725 shares of the semiconductor company’s stock worth $13,013,000 after acquiring an additional 137,800 shares in the last quarter. Institutional investors and hedge funds own 85.37% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CEVA shares. JPMorgan Chase & Co. started coverage on Ceva in a research note on Friday, May 8th. They set a “neutral” rating and a $30.00 target price on the stock. UBS Group increased their target price on Ceva from $42.00 to $48.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Oppenheimer increased their target price on Ceva from $30.00 to $42.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 12th. TD Cowen increased their target price on Ceva from $24.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Finally, Rosenblatt Securities increased their price target on Ceva from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Eight analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $39.44.

Ceva Stock Performance

Shares of NASDAQ:CEVA opened at $39.43 on Tuesday. Ceva, Inc. has a 52 week low of $17.02 and a 52 week high of $40.53. The company’s 50 day moving average is $26.03 and its two-hundred day moving average is $23.39. The company has a market cap of $1.10 billion, a PE ratio of -87.62 and a beta of 1.94.

Ceva (NASDAQ:CEVA) last issued its earnings results on Monday, May 11th. The semiconductor company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.02. Ceva had a negative return on equity of 3.42% and a negative net margin of 10.47%.The business had revenue of $27.02 million for the quarter, compared to analyst estimates of $26.12 million. During the same quarter last year, the company earned $0.06 EPS. The business’s quarterly revenue was up 11.6% on a year-over-year basis. As a group, equities research analysts expect that Ceva, Inc. will post -0.24 EPS for the current year.

Ceva Profile

Ceva, Inc (NASDAQ: CEVA) is a leading licensor of signal processing IP cores and platforms that enable intelligent, connected devices. The company designs a broad portfolio of digital signal processing (DSP) and AI processors, software development toolkits and reference frameworks for applications ranging from 5G wireless communications and Bluetooth connectivity to audio, computer vision, sensor fusion and edge AI. Its solutions target a variety of end markets including smartphones, automotive, IoT devices, smart home, industrial automation and wearable electronics.

Founded in 1999 as a spin-off from DSP Group, Ceva has built its reputation on delivering modular, power-efficient IP that can be customized to meet stringent performance, area and power requirements.