CEVA, Inc. (NASDAQ:CEVA) Stake Decreased by New York State Common Retirement Fund

New York State Common Retirement Fund lowered its holdings in CEVA, Inc. (NASDAQ:CEVA) by 47.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,727 shares of the semiconductor company’s stock after selling 29,551 shares during the quarter. New York State Common Retirement Fund owned 0.15% of CEVA worth $1,401,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of CEVA. BlackRock Inc. increased its position in CEVA by 2.4% during the second quarter. BlackRock Inc. now owns 2,591,984 shares of the semiconductor company’s stock valued at $117,806,000 after acquiring an additional 59,642 shares during the last quarter. Vanguard Group Inc. increased its position in CEVA by 2.8% during the second quarter. Vanguard Group Inc. now owns 1,983,620 shares of the semiconductor company’s stock valued at $90,155,000 after acquiring an additional 53,209 shares during the last quarter. Lord Abbett & CO. LLC increased its position in CEVA by 61.0% during the second quarter. Lord Abbett & CO. LLC now owns 1,334,384 shares of the semiconductor company’s stock valued at $60,648,000 after acquiring an additional 505,443 shares during the last quarter. Disciplined Growth Investors Inc. MN increased its position in CEVA by 3.8% during the second quarter. Disciplined Growth Investors Inc. MN now owns 640,978 shares of the semiconductor company’s stock valued at $29,132,000 after acquiring an additional 23,564 shares during the last quarter. Finally, Pictet Asset Management Ltd. increased its position in CEVA by 17.8% during the third quarter. Pictet Asset Management Ltd. now owns 599,428 shares of the semiconductor company’s stock valued at $25,656,000 after acquiring an additional 90,690 shares during the last quarter. Hedge funds and other institutional investors own 86.46% of the company’s stock.

Shares of CEVA, Inc. (CEVA) opened at $46.10 on Thursday. The company has a market capitalization of $1,080.00, a PE ratio of 54.24, a price-to-earnings-growth ratio of 2.35 and a beta of 0.75. CEVA, Inc. has a 1 year low of $32.25 and a 1 year high of $51.80.

CEVA (NASDAQ:CEVA) last issued its quarterly earnings results on Wednesday, November 1st. The semiconductor company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.08. The business had revenue of $24.00 million during the quarter, compared to analysts’ expectations of $21.56 million. CEVA had a return on equity of 9.02% and a net margin of 21.89%. The business’s quarterly revenue was up 34.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.24 earnings per share. analysts forecast that CEVA, Inc. will post 0.77 earnings per share for the current fiscal year.

In other news, Director Eliyahu Ayalon sold 9,215 shares of the company’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $46.00, for a total value of $423,890.00. Following the completion of the transaction, the director now owns 11,586 shares of the company’s stock, valued at $532,956. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Issachar Ohana sold 1,965 shares of the company’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $50.10, for a total value of $98,446.50. Following the completion of the transaction, the executive vice president now directly owns 28,289 shares of the company’s stock, valued at approximately $1,417,278.90. The disclosure for this sale can be found here. In the last 90 days, insiders sold 67,682 shares of company stock valued at $3,257,929. Company insiders own 3.90% of the company’s stock.

CEVA has been the subject of a number of research reports. Canaccord Genuity reiterated a “buy” rating and set a $53.00 price objective (down previously from $54.00) on shares of CEVA in a research report on Tuesday, October 3rd. Zacks Investment Research upgraded CEVA from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research report on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $46.71.

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About CEVA

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).

Institutional Ownership by Quarter for CEVA (NASDAQ:CEVA)

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