2 weeks Ago By Defense World Staff
Geode Capital Management LLC trimmed its holdings in shares of CEVA, Inc. ( NASDAQ:CEVA – Free Report ) by 1.0% in the fourth quarter, according to its most recent filing with the SEC.
The firm owned 553,629 shares of the semiconductor company’s stock after selling 5,480 shares during the period. Geode Capital Management LLC owned approximately 2.34% of CEVA worth $17,471,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd acquired a new stake in shares of CEVA during the 4th quarter worth about $40,000.
Meeder Asset Management Inc. bought a new stake in shares of CEVA during the 4th quarter valued at $46,000. GAMMA Investing LLC boosted its holdings in CEVA by 63.
3% during the fourth quarter. GAMMA Investing LLC now owns 2,379 shares of the semiconductor company’s stock worth $75,000 after buying an additional 922 shares during the last quarter. FMR LLC increased its stake in CEVA by 56.
4% in the third quarter. FMR LLC now owns 3,409 shares of the semiconductor company’s stock valued at $82,000 after purchasing an additional 1,230 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in CEVA during the 4th quarter worth $129,000.
85.37% of the stock is owned by institutional investors and hedge funds. Analysts Set New Price Targets A number of equities research analysts recently commented on the stock.
StockNews.com lowered shares of CEVA from a “buy” rating to a “hold” rating in a report on Tuesday, April 1st. Barclays lifted their price target on CEVA from $34.
00 to $40.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Northland Securities upped their price target on shares of CEVA from $31.
00 to $35.00 and gave the company an “outperform” rating in a research note on Monday, December 23rd. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $35.
00 target price on shares of CEVA in a research report on Tuesday, February 11th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $36.
60. Insider Buying and Selling at CEVA In other news, Director Louis Silver sold 4,520 shares of the company’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $30.
98, for a total transaction of $140,029.60. Following the completion of the transaction, the director now directly owns 47,038 shares in the company, valued at approximately $1,457,237.
24. This represents a 8.77 % decrease in their ownership of the stock.
The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website . Company insiders own 2.40% of the company’s stock.
CEVA Stock Performance CEVA stock opened at $22.97 on Friday. The stock has a fifty day moving average of $28.
91 and a 200-day moving average of $29.32. The stock has a market capitalization of $549.
21 million, a P/E ratio of -62.08 and a beta of 1.46.
CEVA, Inc. has a 52 week low of $16.02 and a 52 week high of $38.
94. CEVA ( NASDAQ:CEVA – Get Free Report ) last posted its earnings results on Thursday, February 13th. The semiconductor company reported ($0.
05) EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.16).
CEVA had a negative return on equity of 2.48% and a negative net margin of 8.22%.
On average, research analysts forecast that CEVA, Inc. will post -0.12 earnings per share for the current year.
CEVA Profile ( Free Report ) 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.
Featured Stories Five stocks we like better than CEVA Investing In Preferred Stock vs. Common Stock J.B.
Hunt Transport Overcorrects Into a Buying Opportunity Why Are These Companies Considered Blue Chips? AppLovin: Can Record Profits Overcome Market Skepticism? How Can Investors Benefit From After-Hours Trading MarketBeat Week in Review – 04/14 – 04/18 Receive News & Ratings for CEVA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CEVA and related companies with MarketBeat.com's FREE daily email newsletter ..
