32,060 Shares in Ceva, Inc. $CEVA Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP purchased a new position in Ceva, Inc. (NASDAQ:CEVA) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 32,060 shares of the semiconductor company’s stock, valued at approximately $1,512,000. GSA Capital Partners LLP owned about 0.12% of Ceva as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Hantz Financial Services Inc. lifted its position in shares of Ceva by 77.6% during the 4th quarter. Hantz Financial Services Inc. now owns 1,446 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 632 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in Ceva by 771.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,380 shares of the semiconductor company’s stock worth $63,000 after buying an additional 2,107 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Ceva by 422.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,731 shares of the semiconductor company’s stock worth $60,000 after acquiring an additional 2,208 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Ceva by 47.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,758 shares of the semiconductor company’s stock valued at $145,000 after acquiring an additional 2,172 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in shares of Ceva by 52.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,907 shares of the semiconductor company’s stock worth $209,000 after acquiring an additional 2,730 shares in the last quarter. 85.37% of the stock is owned by hedge funds and other institutional investors.

Ceva Price Performance

Shares of Ceva stock opened at $33.28 on Monday. The firm’s fifty day simple moving average is $40.42 and its 200-day simple moving average is $31.11. Ceva, Inc. has a 12 month low of $17.02 and a 12 month high of $51.60. The stock has a market capitalization of $936.83 million, a price-to-earnings ratio of -83.20 and a beta of 1.99.

Ceva (NASDAQ:CEVA) last issued its quarterly earnings results on Monday, August 10th. The semiconductor company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. The firm had revenue of $29.03 million during the quarter, compared to analysts’ expectations of $28.19 million. Ceva had a negative net margin of 9.48% and a negative return on equity of 3.15%. Ceva’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.07 EPS. Analysts anticipate that Ceva, Inc. will post -0.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on CEVA shares. Oppenheimer dropped their price target on shares of Ceva from $42.00 to $38.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 11th. Stifel Nicolaus increased their target price on shares of Ceva from $42.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, July 10th. JPMorgan Chase & Co. began coverage on shares of Ceva in a research report on Friday, May 8th. They issued a “neutral” rating and a $30.00 price target for the company. Roth Capital restated a “buy” rating and issued a $40.00 price objective on shares of Ceva in a research note on Monday, May 11th. Finally, Wall Street Zen raised Ceva from a “hold” rating to a “buy” rating in a report on Saturday. Nine equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.60.

Ceva Profile

Ceva, Inc (NASDAQ: CEVA) is a leading licensor of signal processing IP cores and platforms that enable intelligent, connected devices. The company designs a broad portfolio of digital signal processing (DSP) and AI processors, software development toolkits and reference frameworks for applications ranging from 5G wireless communications and Bluetooth connectivity to audio, computer vision, sensor fusion and edge AI. Its solutions target a variety of end markets including smartphones, automotive, IoT devices, smart home, industrial automation and wearable electronics.

Founded in 1999 as a spin-off from DSP Group, Ceva has built its reputation on delivering modular, power-efficient IP that can be customized to meet stringent performance, area and power requirements.