ExodusPoint Capital Management LP raised its holdings in CEVA, Inc. (NASDAQ:CEVA - Free Report) by 357.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 40,846 shares of the semiconductor company's stock after acquiring an additional 31,915 shares during the period. ExodusPoint Capital Management LP owned approximately 0.17% of CEVA worth $1,289,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Jane Street Group LLC increased its holdings in shares of CEVA by 206.2% in the third quarter. Jane Street Group LLC now owns 137,061 shares of the semiconductor company's stock valued at $3,310,000 after purchasing an additional 92,295 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of CEVA by 55.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 115,979 shares of the semiconductor company's stock worth $2,801,000 after acquiring an additional 41,573 shares during the period. Barclays PLC boosted its position in shares of CEVA by 389.8% during the 3rd quarter. Barclays PLC now owns 41,900 shares of the semiconductor company's stock valued at $1,011,000 after acquiring an additional 33,346 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of CEVA by 8.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 222,962 shares of the semiconductor company's stock valued at $5,385,000 after purchasing an additional 16,463 shares during the period. Finally, Geode Capital Management LLC increased its position in CEVA by 0.7% during the third quarter. Geode Capital Management LLC now owns 559,109 shares of the semiconductor company's stock worth $13,505,000 after purchasing an additional 3,649 shares during the last quarter. 85.37% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at CEVA
In related news, Director Louis Silver sold 4,520 shares of the company's stock in a transaction that occurred 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 sale, the director now directly owns 47,038 shares of the company's stock, valued at $1,457,237.24. This represents a 8.77 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.40% of the company's stock.
CEVA Stock Up 1.0 %
NASDAQ CEVA traded up $0.23 on Tuesday, reaching $23.50. The stock had a trading volume of 21,247 shares, compared to its average volume of 205,269. CEVA, Inc. has a 12-month low of $16.02 and a 12-month high of $38.94. The stock has a fifty day moving average price of $29.71 and a two-hundred day moving average price of $29.39. The firm has a market capitalization of $561.77 million, a price-to-earnings ratio of -63.50 and a beta of 1.46.
CEVA (NASDAQ:CEVA - Get Free Report) last posted its earnings results on Thursday, February 13th. The semiconductor company reported ($0.05) earnings per share (EPS) 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%. Sell-side analysts forecast that CEVA, Inc. will post -0.12 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several research firms have weighed in on CEVA. Rosenblatt Securities reiterated a "buy" rating and issued a $35.00 target price on shares of CEVA in a report on Tuesday, February 11th. Northland Securities increased their price objective on CEVA from $31.00 to $35.00 and gave the stock an "outperform" rating in a research report on Monday, December 23rd. StockNews.com downgraded CEVA from a "buy" rating to a "hold" rating in a research report on Tuesday, April 1st. Finally, Barclays increased their price target on CEVA from $34.00 to $40.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $36.60.
Read Our Latest Report on CEVA
CEVA Company Profile
(
Free Report)
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.
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