Baillie Gifford & Co. lifted its stake in shares of CEVA, Inc. (NASDAQ:CEVA) by 328.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 183,400 shares of the semiconductor company’s stock after purchasing an additional 140,553 shares during the period. Baillie Gifford & Co. owned approximately 0.85% of CEVA worth $8,336,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in CEVA. LS Investment Advisors LLC raised its position in shares of CEVA by 313.4% during the first quarter. LS Investment Advisors LLC now owns 2,935 shares of the semiconductor company’s stock worth $104,000 after purchasing an additional 2,225 shares during the period. Victory Capital Management Inc. raised its position in shares of CEVA by 35.2% during the first quarter. Victory Capital Management Inc. now owns 3,249 shares of the semiconductor company’s stock worth $115,000 after purchasing an additional 846 shares during the period. Penserra Capital Management LLC raised its position in shares of CEVA by 75.0% during the first quarter. Penserra Capital Management LLC now owns 3,612 shares of the semiconductor company’s stock worth $128,000 after purchasing an additional 1,548 shares during the period. US Bancorp DE raised its position in shares of 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 during the period. Finally, Mason Street Advisors LLC raised its position in shares of CEVA by 7.0% during the first quarter. Mason Street Advisors LLC now owns 4,965 shares of the semiconductor company’s stock worth $176,000 after purchasing an additional 326 shares during the period. 87.29% of the stock is currently owned by institutional investors.
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CEVA has been the topic of a number of research analyst reports. BidaskClub downgraded CEVA from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 27th. Roth Capital lifted their price target on CEVA from $47.00 to $53.00 and gave the company a “buy” rating in a report on Monday, July 31st. Canaccord Genuity reiterated a “buy” rating and set a $45.00 price target on shares of CEVA in a report on Tuesday, July 11th. Benchmark Co. lifted their price target on CEVA from $42.00 to $50.00 and gave the company a “buy” rating in a report on Monday, June 5th. Finally, Oppenheimer Holdings, Inc. lifted their price target on CEVA from $37.00 to $42.00 and gave the company an “outperform” rating in a report on Monday, May 15th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $44.71.
In related news, Director Peter Mcmanamon sold 1,497 shares of the firm’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $45.00, for a total transaction of $67,365.00. Following the sale, the director now owns 264,054 shares of the company’s stock, valued at approximately $11,882,430. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.90% of the company’s stock.
CEVA, Inc. (NASDAQ:CEVA) opened at 39.95 on Tuesday. The stock’s 50 day moving average price is $42.54 and its 200-day moving average price is $40.69. CEVA, Inc. has a one year low of $28.15 and a one year high of $48.67. The stock has a market cap of $877.46 million, a P/E ratio of 52.84 and a beta of 0.66.
CEVA (NASDAQ:CEVA) last issued its quarterly earnings data on Thursday, August 3rd. The semiconductor company reported $0.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.01. The business had revenue of $20.57 million for 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%. The firm’s revenue was up 20.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.21 EPS. On average, analysts predict that CEVA, Inc. will post $1.14 earnings per share for the current year.
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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