Alps Advisors Inc. bought a new position in shares of CEVA, Inc. (NASDAQ:CEVA) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 11,461 shares of the semiconductor company’s stock, valued at approximately $491,000. Alps Advisors Inc. owned approximately 0.05% of CEVA as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently bought and sold shares of CEVA. Pinebridge Investments L.P. boosted its position in CEVA by 2.2% during the second quarter. Pinebridge Investments L.P. now owns 2,831 shares of the semiconductor company’s stock worth $128,000 after purchasing an additional 62 shares in the last quarter. US Bancorp DE boosted its position in CEVA by 9.2% during the second quarter. US Bancorp DE now owns 3,727 shares of the semiconductor company’s stock worth $169,000 after purchasing an additional 313 shares in the last quarter. Victory Capital Management Inc. boosted its position in CEVA by 17.6% during the second quarter. Victory Capital Management Inc. now owns 3,821 shares of the semiconductor company’s stock worth $174,000 after purchasing an additional 572 shares in the last quarter. State of Alaska Department of Revenue boosted its position in CEVA by 80.3% during the second quarter. State of Alaska Department of Revenue now owns 4,237 shares of the semiconductor company’s stock worth $192,000 after purchasing an additional 1,887 shares in the last quarter. Finally, Piedmont Investment Advisors LLC purchased a new stake in CEVA during the second quarter worth $211,000. Institutional investors own 86.50% of the company’s stock.
CEVA, Inc. (NASDAQ:CEVA) traded down $1.55 during midday trading on Monday, reaching $45.40. The company had a trading volume of 141,698 shares, compared to its average volume of 166,747. CEVA, Inc. has a 1 year low of $29.65 and a 1 year high of $51.80. The stock has a market capitalization of $1,031.72, a P/E ratio of 52.17, a PEG ratio of 3.05 and a beta of 0.74.
CEVA (NASDAQ:CEVA) last released its earnings results on Wednesday, November 1st. The semiconductor company reported $0.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.08. The firm had revenue of $24.00 million for the quarter, compared to the consensus estimate of $21.56 million. CEVA had a return on equity of 9.02% and a net margin of 21.89%. The firm’s revenue for the quarter was up 34.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.24 earnings per share. research analysts forecast that CEVA, Inc. will post 0.77 EPS for the current fiscal year.
In other CEVA news, Director Sven Christer Nilsson sold 27,285 shares of the company’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $47.50, for a total transaction of $1,296,037.50. Following the completion of the sale, the director now directly owns 28,282 shares in the company, valued at $1,343,395. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Eliyahu Ayalon sold 9,215 shares of the stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $46.00, for a total value of $423,890.00. Following the completion of the sale, the director now owns 11,586 shares of the company’s stock, valued at approximately $532,956. The disclosure for this sale can be found here. Insiders have sold 67,682 shares of company stock valued at $3,257,929 over the last 90 days. 3.90% of the stock is currently owned by insiders.
Several analysts have recently issued reports on the company. Canaccord Genuity upped their price objective on 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 CEVA from a “hold” rating to a “sell” rating in a research report on Monday, November 6th. Finally, BidaskClub downgraded CEVA from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $46.71.
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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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