CEVA, Inc. (NASDAQ:CEVA) Shares Acquired by AWM Investment Company Inc.

AWM Investment Company Inc. lifted its stake in shares of CEVA, Inc. (NASDAQ:CEVA - Free Report) by 18.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 600,162 shares of the semiconductor company's stock after acquiring an additional 91,668 shares during the period. CEVA accounts for approximately 2.3% of AWM Investment Company Inc.'s portfolio, making the stock its 11th biggest position. AWM Investment Company Inc. owned about 2.54% of CEVA worth $18,935,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Harvest Fund Management Co. Ltd purchased a new position in CEVA in the 4th quarter valued at approximately $40,000. Meeder Asset Management Inc. acquired a new position in shares of CEVA during the 4th quarter worth about $46,000. KLP Kapitalforvaltning AS purchased a new position in shares of CEVA in the 4th quarter valued at about $129,000. Cornerstone Investment Partners LLC acquired a new stake in shares of CEVA during the 4th quarter worth about $215,000. Finally, Arizona State Retirement System acquired a new position in CEVA in the fourth quarter valued at approximately $217,000. Institutional investors and hedge funds own 85.37% of the company's stock.

CEVA Trading Down 3.2%

Shares of NASDAQ CEVA traded down $0.64 during midday trading on Monday, reaching $19.13. 296,451 shares of the company were exchanged, compared to its average volume of 226,861. The stock has a market cap of $457.40 million, a P/E ratio of -51.70 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 stock has a fifty day simple moving average of $24.02 and a 200 day simple moving average of $29.13.

CEVA (NASDAQ:CEVA - Get Free Report) last announced its earnings results on Wednesday, May 7th. The semiconductor company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). The company had revenue of $24.25 million during the quarter, compared to analysts' expectations of $26.55 million. CEVA had a negative net margin of 8.22% and a negative return on equity of 2.48%. The company's revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.05) earnings per share. As a group, analysts forecast that CEVA, Inc. will post -0.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on CEVA shares. Wall Street Zen cut shares of CEVA from a "buy" rating to a "hold" rating in a report on Tuesday, April 1st. Barclays decreased their price objective on shares of CEVA from $40.00 to $30.00 and set an "overweight" rating for the company in a research note on Thursday, May 8th. Rosenblatt Securities reiterated a "buy" rating and set a $40.00 target price on shares of CEVA in a research report on Thursday, May 8th. Finally, Oppenheimer reduced their target price on CEVA from $40.00 to $33.00 and set an "outperform" rating for the company in a report on Friday, May 9th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, CEVA presently has an average rating of "Moderate Buy" and a consensus price target of $35.60.

Insider Buying and Selling

In related news, Director Louis Silver sold 4,520 shares of the company's stock in a transaction on Friday, March 14th. The stock was 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 $1,457,237.24. This represents a 8.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 2.40% of the company's stock.

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.