Candriam Luxembourg S.C.A. Has $5.26 Million Holdings in CEVA, Inc. (CEVA)

Candriam Luxembourg S.C.A. raised its stake in CEVA, Inc. (NASDAQ:CEVA) by 10.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 122,797 shares of the semiconductor company’s stock after purchasing an additional 11,276 shares during the quarter. Candriam Luxembourg S.C.A. owned 0.56% of CEVA worth $5,256,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Pinebridge Investments L.P. boosted its stake in shares of CEVA by 2.2% in the second quarter. Pinebridge Investments L.P. now owns 2,831 shares of the semiconductor company’s stock valued at $128,000 after buying an additional 62 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of CEVA by 1.2% in the second quarter. Louisiana State Employees Retirement System now owns 8,700 shares of the semiconductor company’s stock valued at $395,000 after buying an additional 100 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of CEVA by 0.9% in the second quarter. Arizona State Retirement System now owns 11,186 shares of the semiconductor company’s stock valued at $508,000 after buying an additional 100 shares in the last quarter. Texas Permanent School Fund boosted its stake in shares of CEVA by 2.0% in the second quarter. Texas Permanent School Fund now owns 15,683 shares of the semiconductor company’s stock valued at $713,000 after buying an additional 312 shares in the last quarter. Finally, US Bancorp DE boosted its stake in shares of CEVA by 9.2% in the second quarter. US Bancorp DE now owns 3,727 shares of the semiconductor company’s stock valued at $169,000 after buying an additional 313 shares in the last quarter. Institutional investors own 86.75% of the company’s stock.

Shares of CEVA, Inc. (NASDAQ:CEVA) opened at $46.35 on Tuesday. The company has a market capitalization of $1,010.85, a price-to-earnings ratio of 51.11, a price-to-earnings-growth ratio of 2.99 and a beta of 0.77. CEVA, Inc. has a 12-month low of $29.00 and a 12-month high of $49.50.

CEVA (NASDAQ:CEVA) last posted its earnings results on Wednesday, November 1st. The semiconductor company reported $0.36 EPS for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.08. The company 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%. CEVA’s quarterly revenue was up 34.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.24 earnings per share. analysts expect that CEVA, Inc. will post 0.77 EPS for the current fiscal year.

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A number of analysts recently weighed in on the company. Roth Capital lifted their price target on CEVA from $47.00 to $53.00 and gave the company a “buy” rating in a research note on Monday, July 31st. Canaccord Genuity restated a “buy” rating and issued a $53.00 price target (down from $54.00) on shares of CEVA in a research note on Tuesday, October 3rd. BidaskClub downgraded CEVA from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Finally, Zacks Investment Research downgraded CEVA from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. CEVA presently has an average rating of “Buy” and a consensus price target of $46.71.

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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