BNP Paribas Financial Markets Has $1.35 Million Stock Position in CEVA, Inc. (NASDAQ:CEVA)

BNP Paribas Financial Markets boosted its holdings in CEVA, Inc. (NASDAQ:CEVA - Free Report) by 62.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 42,885 shares of the semiconductor company's stock after purchasing an additional 16,453 shares during the quarter. BNP Paribas Financial Markets owned about 0.18% of CEVA worth $1,353,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in CEVA by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 2,165,300 shares of the semiconductor company's stock valued at $68,315,000 after purchasing an additional 24,313 shares in the last quarter. Northern Trust Corp increased its position in shares of CEVA by 14.3% during the fourth quarter. Northern Trust Corp now owns 270,372 shares of the semiconductor company's stock worth $8,530,000 after acquiring an additional 33,737 shares in the last quarter. ArrowMark Colorado Holdings LLC lifted its position in CEVA by 199.6% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 254,677 shares of the semiconductor company's stock valued at $8,035,000 after acquiring an additional 169,677 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in CEVA by 1.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 226,745 shares of the semiconductor company's stock valued at $7,154,000 after purchasing an additional 3,783 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in CEVA by 1.2% during the 4th 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 in the last quarter. 85.37% of the stock is owned by institutional investors and hedge funds.

CEVA Trading Down 1.6%

CEVA stock opened at $20.90 on Tuesday. The firm has a 50 day simple moving average of $24.84 and a 200 day simple moving average of $29.28. CEVA, Inc. has a 1-year low of $16.02 and a 1-year high of $38.94. The firm has a market capitalization of $499.72 million, a price-to-earnings ratio of -56.48 and a beta of 1.37.

CEVA (NASDAQ:CEVA - Get Free Report) last announced its quarterly 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%. CEVA's revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.05) earnings per share. On average, equities research analysts forecast that CEVA, Inc. will post -0.12 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CEVA. StockNews.com lowered CEVA from a "buy" rating to a "hold" rating in a report on Tuesday, April 1st. Rosenblatt Securities reissued a "buy" rating and issued a $40.00 price target on shares of CEVA in a research report on Thursday, May 8th. Oppenheimer cut their price objective on shares of CEVA from $40.00 to $33.00 and set an "outperform" rating on the stock in a report on Friday, May 9th. Finally, Barclays lowered their target price on shares of CEVA from $40.00 to $30.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $35.60.

Insider Buying and Selling at CEVA

In related news, Director Louis Silver sold 4,520 shares of the business's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $30.98, for a total transaction of $140,029.60. Following the completion of the transaction, the director now directly owns 47,038 shares in the company, valued at $1,457,237.24. The trade was a 8.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.