CEVA, Inc. (NASDAQ:CEVA) Holdings Trimmed by Stifel Financial Corp

Stifel Financial Corp reduced its position in shares of CEVA, Inc. (NASDAQ:CEVA) by 34.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 76,842 shares of the semiconductor company’s stock after selling 40,655 shares during the quarter. Stifel Financial Corp owned 0.33% of CEVA worth $2,424,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of CEVA. Vanguard Group Inc. lifted its stake in CEVA by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 2,165,300 shares of the semiconductor company’s stock worth $68,315,000 after acquiring an additional 24,313 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of CEVA by 1.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 226,745 shares of the semiconductor company’s stock worth $7,154,000 after purchasing an additional 3,783 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of CEVA by 1.2% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 214,384 shares of the semiconductor company’s stock worth $6,764,000 after purchasing an additional 2,613 shares during the period. JPMorgan Chase & Co. grew its position in CEVA by 30.9% during the fourth quarter. JPMorgan Chase & Co. now owns 151,788 shares of the semiconductor company’s stock valued at $4,789,000 after purchasing an additional 35,809 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in CEVA by 2.8% in the 4th quarter. Principal Financial Group Inc. now owns 115,265 shares of the semiconductor company’s stock worth $3,637,000 after buying an additional 3,171 shares in the last quarter. Institutional investors and hedge funds own 85.37% of the company’s stock.

Insider Transactions at CEVA

In related news, Director Louis Silver sold 4,520 shares of the business’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $30.98, for a total transaction of $140,029.60. Following the transaction, the director now owns 47,038 shares of the company’s stock, valued at approximately $1,457,237.24. The trade was a 8.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.40% of the company’s stock.

CEVA Trading Up 2.8 %

Shares of CEVA stock opened at $27.09 on Monday. The stock has a market capitalization of $647.72 million, a price-to-earnings ratio of -73.21 and a beta of 1.37. CEVA, Inc. has a 1-year low of $16.02 and a 1-year high of $38.94. The firm has a fifty day simple moving average of $27.17 and a 200-day simple moving average of $29.43.

CEVA (NASDAQ:CEVA) last posted its quarterly earnings data on Thursday, February 13th. The semiconductor company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.16). CEVA had a negative return on equity of 2.48% and a negative net margin of 8.22%. As a group, research analysts predict that CEVA, Inc. will post -0.12 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CEVA. Barclays increased their price objective on CEVA from $34.00 to $40.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. StockNews.com lowered shares of CEVA from a “buy” rating to a “hold” rating in a research report on Tuesday, April 1st. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $45.00 target price on shares of CEVA in a research report on Wednesday, April 23rd. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $38.60.

About CEVA

CEVA, Inc provides silicon and software IP solutions to semiconductor and original equipment manufacturer (OEM) companies worldwide. Its 5G mobile and infrastructure products include Ceva-XC vector digital signal processors (DSPs) for 5G handsets, 5G RAN, and general-purpose baseband processing; PentaG-RAN, an open ran platform for base station and radio; and PentaG2 – 5G NR modem platform for UE, as well as for non-handset 5G vertical markets, such as fixed wireless access, industry 4.0, robotics, and AR/VR devices.