Deutsche Bank AG raised its position in CEVA, Inc. (NASDAQ:CEVA) by 90.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 88,504 shares of the semiconductor company’s stock after purchasing an additional 41,993 shares during the period. Deutsche Bank AG owned about 0.40% of CEVA worth $1,953,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. lifted its position in CEVA by 5.2% during the fourth quarter. BlackRock Inc. now owns 3,403,582 shares of the semiconductor company’s stock worth $75,185,000 after buying an additional 167,582 shares during the period. Vanguard Group Inc grew its stake in CEVA by 1.8% during the 3rd quarter. Vanguard Group Inc now owns 2,262,434 shares of the semiconductor company’s stock valued at $65,044,000 after purchasing an additional 40,886 shares in the last quarter. Vanguard Group Inc. grew its stake in CEVA by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 2,262,434 shares of the semiconductor company’s stock valued at $65,044,000 after purchasing an additional 40,886 shares in the last quarter. Morgan Stanley grew its stake in CEVA by 2.5% during the 3rd quarter. Morgan Stanley now owns 1,123,495 shares of the semiconductor company’s stock valued at $32,301,000 after purchasing an additional 27,070 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in CEVA by 1.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 724,329 shares of the semiconductor company’s stock valued at $16,001,000 after purchasing an additional 13,401 shares in the last quarter. 85.12% of the stock is currently owned by institutional investors.
A number of equities research analysts have weighed in on the company. ValuEngine upgraded CEVA from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th. BidaskClub lowered CEVA from a “hold” rating to a “sell” rating in a research note on Wednesday. Northland Securities restated a “hold” rating and set a $27.00 price objective on shares of CEVA in a research note on Thursday, April 18th. BNP Paribas restated a “neutral” rating on shares of CEVA in a research note on Wednesday, April 17th. Finally, Cowen restated an “outperform” rating and set a $29.00 price objective (down previously from $33.00) on shares of CEVA in a research note on Tuesday, May 7th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $31.67.
In related news, EVP Issachar Ohana sold 6,670 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $28.00, for a total value of $186,760.00. Following the sale, the executive vice president now owns 34,616 shares of the company’s stock, valued at approximately $969,248. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 3.80% of the company’s stock.
Shares of CEVA traded up $0.24 during mid-day trading on Wednesday, hitting $22.15. The stock had a trading volume of 86,200 shares, compared to its average volume of 145,338. The firm has a market cap of $486.95 million, a price-to-earnings ratio of 201.36 and a beta of 1.67. CEVA, Inc. has a fifty-two week low of $20.40 and a fifty-two week high of $35.00.
CEVA (NASDAQ:CEVA) last issued its earnings results on Monday, May 6th. The semiconductor company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.02). The firm had revenue of $17.00 million during the quarter, compared to analyst estimates of $17.65 million. CEVA had a return on equity of 0.88% and a net margin of 0.59%. CEVA’s revenue was down 3.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.04 EPS. As a group, sell-side analysts forecast that CEVA, Inc. will post -0.11 EPS for the current year.
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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 signal processing intellectual properties (IPs), including platforms for 5G baseband processing in handsets and base station RAN; integrated cellular IoT solutions; digital signal processor (DSP) platforms incorporating voice input algorithms and software for voice enabled devices; and DSP platforms for advanced imaging and computer vision in various camera-enabled devices, as well as a family of self-contained artificial intelligent (AI) processors that address a range of edge applications.
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