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

BNP Paribas Financial Markets lifted its holdings in shares of CEVA, Inc. (NASDAQ:CEVA - Free Report) by 62.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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 0.18% of CEVA worth $1,353,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its position 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 in the last quarter. Franklin Resources Inc. lifted its stake in CEVA by 59.8% during the third quarter. Franklin Resources Inc. now owns 33,432 shares of the semiconductor company's stock worth $842,000 after purchasing an additional 12,515 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of CEVA by 21.5% in the 4th quarter. Sei Investments Co. now owns 67,986 shares of the semiconductor company's stock valued at $2,145,000 after purchasing an additional 12,034 shares in the last quarter. Price T Rowe Associates Inc. MD acquired a new stake in shares of CEVA in the 4th quarter valued at $292,000. Finally, Principal Financial Group Inc. increased its stake in shares of CEVA by 2.8% in the 4th quarter. Principal Financial Group Inc. now owns 115,265 shares of the semiconductor company's stock valued at $3,637,000 after purchasing an additional 3,171 shares during the last quarter. 85.37% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other CEVA news, Director Louis Silver sold 4,520 shares of CEVA 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 transaction, the director now directly 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.40% of the company's stock.

CEVA Price Performance

CEVA stock traded down $0.64 during midday trading on Friday, reaching $19.13. 296,451 shares of the stock were exchanged, compared to its average volume of 226,861. CEVA, Inc. has a 52 week low of $16.02 and a 52 week high of $38.94. The company has a fifty day moving average price of $24.02 and a 200 day moving average price of $29.13. The stock has a market capitalization of $457.40 million, a PE ratio of -51.70 and a beta of 1.37.

CEVA (NASDAQ:CEVA - Get Free Report) last released 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 firm had revenue of $24.25 million for the quarter, compared to the consensus estimate of $26.55 million. CEVA had a negative return on equity of 2.48% and a negative net margin of 8.22%. The business's revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last year, the firm posted ($0.05) earnings per share. As a group, analysts anticipate that CEVA, Inc. will post -0.12 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CEVA has been the subject of several recent analyst reports. Wall Street Zen downgraded CEVA from a "buy" rating to a "hold" rating in a research report on Tuesday, April 1st. Oppenheimer lowered their target price on CEVA from $40.00 to $33.00 and set an "outperform" rating for the company in a research note on Friday, May 9th. Barclays dropped 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. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $40.00 price target on shares of CEVA in a report on Thursday, May 8th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, CEVA currently has an average rating of "Moderate Buy" and a consensus price target of $35.60.

CEVA Profile

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.