Dimensional Fund Advisors LP raised its stake in CEVA, Inc. (NASDAQ:CEVA) by 2.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 617,663 shares of the semiconductor company’s stock after purchasing an additional 13,633 shares during the period. Dimensional Fund Advisors LP owned 2.81% of CEVA worth $26,436,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. BlackRock Inc. increased its position in shares of CEVA by 2.4% during the second quarter. BlackRock Inc. now owns 2,591,984 shares of the semiconductor company’s stock worth $117,806,000 after acquiring an additional 59,642 shares in the last quarter. Vanguard Group Inc. increased its position in shares of CEVA by 2.8% during the second quarter. Vanguard Group Inc. now owns 1,983,620 shares of the semiconductor company’s stock worth $90,155,000 after acquiring an additional 53,209 shares in the last quarter. Lord Abbett & CO. LLC increased its position in shares of CEVA by 61.0% during the second quarter. Lord Abbett & CO. LLC now owns 1,334,384 shares of the semiconductor company’s stock worth $60,648,000 after acquiring an additional 505,443 shares in the last quarter. Disciplined Growth Investors Inc. MN increased its position in shares of CEVA by 3.8% during the second quarter. Disciplined Growth Investors Inc. MN now owns 640,978 shares of the semiconductor company’s stock worth $29,132,000 after acquiring an additional 23,564 shares in the last quarter. Finally, Pictet Asset Management Ltd. increased its position in shares of CEVA by 17.8% during the third quarter. Pictet Asset Management Ltd. now owns 599,428 shares of the semiconductor company’s stock worth $25,656,000 after acquiring an additional 90,690 shares in the last quarter. 86.46% of the stock is owned by hedge funds and other institutional investors.
In other CEVA news, CEO Gideon Wertheizer sold 20,603 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $49.28, for a total value of $1,015,315.84. Following the completion of the sale, the chief executive officer now directly owns 82,497 shares of the company’s stock, valued at approximately $4,065,452.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 transaction of $98,446.50. Following the completion of the sale, the executive vice president now directly owns 28,289 shares of the company’s stock, valued at $1,417,278.90. The disclosure for this sale can be found here. Insiders sold a total of 67,682 shares of company stock valued at $3,257,929 over the last ninety days. 3.90% of the stock is currently owned by insiders.
Shares of CEVA, Inc. (NASDAQ CEVA) opened at $47.55 on Friday. The company has a market cap of $1,027.33, a PE ratio of 55.29, a PEG ratio of 2.29 and a beta of 0.75. CEVA, Inc. has a 52-week low of $32.25 and a 52-week high of $51.80.
CEVA (NASDAQ:CEVA) last issued its quarterly earnings data on Wednesday, November 1st. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.08. CEVA had a net margin of 21.89% and a return on equity of 9.02%. The business had revenue of $24.00 million during the quarter, compared to the consensus estimate of $21.56 million. During the same period in the prior year, the firm posted $0.24 EPS. The firm’s quarterly revenue was up 34.1% compared to the same quarter last year. equities analysts anticipate that CEVA, Inc. will post 0.77 EPS for the current fiscal year.
Several equities research analysts have recently commented on CEVA shares. Zacks Investment Research downgraded shares of CEVA from a “hold” rating to a “sell” rating in a research report on Monday, November 6th. Canaccord Genuity boosted their target price on shares of CEVA from $53.00 to $54.00 and gave the stock a “buy” rating in a research report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company’s stock. CEVA has an average rating of “Buy” and an average target price of $47.83.
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CEVA Company Profile
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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