Thompson Davis & CO. Inc. continued to hold its position in shares of CEVA, Inc. (NASDAQ:CEVA) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,750 shares of the semiconductor company’s stock at the close of the 2nd quarter. Thompson Davis & CO. Inc.’s holdings in CEVA were worth $125,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CEVA. Louisiana State Employees Retirement System increased its stake in shares of CEVA by 1.2% in the 1st quarter. Louisiana State Employees Retirement System now owns 8,600 shares of the semiconductor company’s stock valued at $305,000 after buying an additional 100 shares during the period. Wells Fargo & Company MN increased its stake in shares of CEVA by 3.4% in the 1st quarter. Wells Fargo & Company MN now owns 20,052 shares of the semiconductor company’s stock valued at $711,000 after buying an additional 668 shares during the period. Great West Life Assurance Co. Can increased its stake in shares of CEVA by 4.0% in the 1st quarter. Great West Life Assurance Co. Can now owns 28,154 shares of the semiconductor company’s stock valued at $998,000 after buying an additional 1,094 shares during the period. First Trust Advisors LP increased its stake in shares of CEVA by 4.1% in the 1st quarter. First Trust Advisors LP now owns 6,539 shares of the semiconductor company’s stock valued at $232,000 after buying an additional 258 shares during the period. Finally, BNP Paribas Arbitrage SA increased its stake in shares of CEVA by 123.5% in the 1st quarter. BNP Paribas Arbitrage SA now owns 10,265 shares of the semiconductor company’s stock valued at $364,000 after buying an additional 5,672 shares during the period. 87.29% of the stock is owned by institutional investors.
In related news, Director Peter Mcmanamon sold 1,497 shares of the stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $45.00, for a total value of $67,365.00. Following the completion of the sale, the director now directly owns 264,054 shares in the company, valued at $11,882,430. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.90% of the company’s stock.
Shares of CEVA, Inc. (CEVA) traded down 0.13% during midday trading on Friday, hitting $39.75. The company had a trading volume of 117,539 shares. The stock has a market capitalization of $873.07 million, a price-to-earnings ratio of 52.58 and a beta of 0.66. CEVA, Inc. has a one year low of $28.15 and a one year high of $48.67. The stock’s 50-day moving average price is $42.64 and its 200-day moving average price is $40.58.
CEVA (NASDAQ:CEVA) last posted its quarterly earnings data on Thursday, August 3rd. The semiconductor company reported $0.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.01. The business had revenue of $20.57 million during the quarter, compared to the consensus estimate of $19.66 million. CEVA had a return on equity of 8.24% and a net margin of 20.52%. CEVA’s quarterly revenue was up 20.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.21 earnings per share. Analysts predict that CEVA, Inc. will post $1.14 EPS for the current year.
Several research firms have recently commented on CEVA. Canaccord Genuity lifted their target price on CEVA from $45.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Benchmark Co. lifted their price objective on CEVA from $42.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, June 5th. Oppenheimer Holdings, Inc. lifted their price objective on CEVA from $37.00 to $42.00 and gave the stock an “outperform” rating in a research note on Monday, May 15th. Roth Capital lifted their price objective on CEVA from $47.00 to $53.00 and gave the stock a “buy” rating in a research note on Monday, July 31st. Finally, BidaskClub raised CEVA from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 3rd. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. CEVA currently has a consensus rating of “Buy” and a consensus target price of $44.71.
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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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