CEVA, Inc. (CEVA) Shares Bought by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. lifted its holdings in shares of CEVA, Inc. (NASDAQ:CEVA) by 12.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 105,339 shares of the semiconductor company’s stock after acquiring an additional 11,756 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in CEVA were worth $4,509,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Pinebridge Investments L.P. boosted its stake in shares of CEVA by 2.2% during the 2nd quarter. Pinebridge Investments L.P. now owns 2,831 shares of the semiconductor company’s stock worth $128,000 after acquiring an additional 62 shares during the period. Victory Capital Management Inc. boosted its stake in shares of CEVA by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 3,821 shares of the semiconductor company’s stock worth $174,000 after acquiring an additional 572 shares during the period. Piedmont Investment Advisors LLC bought a new stake in CEVA in the 2nd quarter valued at $211,000. Granite Point Capital Management L.P. bought a new stake in CEVA in the 2nd quarter valued at $227,000. Finally, Icon Advisers Inc. Co. bought a new stake in CEVA in the 3rd quarter valued at $291,000. Institutional investors own 86.46% of the company’s stock.

Several analysts recently issued reports on CEVA shares. Canaccord Genuity boosted their price target on CEVA from $53.00 to $54.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st. Zacks Investment Research downgraded CEVA from a “hold” rating to a “sell” rating in a research note on Monday, November 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $46.71.

Shares of CEVA, Inc. (NASDAQ CEVA) opened at $46.10 on Thursday. The stock has a market capitalization of $1,080.00, a price-to-earnings ratio of 54.24, a P/E/G ratio of 2.35 and a beta of 0.75. CEVA, Inc. has a one year low of $32.25 and a one year high of $51.80.

CEVA (NASDAQ:CEVA) last released its quarterly earnings results on Wednesday, November 1st. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.08. The business had revenue of $24.00 million during 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%. The firm’s quarterly revenue was up 34.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.24 EPS. equities analysts forecast that CEVA, Inc. will post 0.77 EPS for the current year.

In other CEVA news, Director Eliyahu Ayalon sold 9,215 shares of CEVA stock in a transaction on 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 directly owns 11,586 shares of the company’s stock, valued at approximately $532,956. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Yaniv Arieli sold 8,614 shares of CEVA stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $49.25, for a total value of $424,239.50. Following the completion of the transaction, the chief financial officer now directly owns 40,372 shares of the company’s stock, valued at $1,988,321. 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 90 days. 3.90% of the stock is currently owned by corporate insiders.

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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).

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Institutional Ownership by Quarter for CEVA (NASDAQ:CEVA)

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