Ceva, Inc. $CEVA Stock Holdings Lifted by Silverberg Bernstein Capital Management LLC

Key Points

• Silverberg Bernstein Capital Management LLC increased its holdings in Ceva, Inc. by 35.6% during Q2, making it their 14th largest position with approximately $2.66 million.
• Ceva's stock experienced a 3.9% increase, opening at $24.54 with a market cap of $586.06 million and a price-to-earnings ratio of -58.43.
• Rosenblatt Securities has reiterated a "buy" rating on Ceva with a price target of $40.00, contributing to a consensus buy rating and average target of $35.60 from analysts.

Silverberg Bernstein Capital Management LLC raised its position in Ceva, Inc. (NASDAQ:CEVA - Free Report) by 35.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,023 shares of the semiconductor company's stock after purchasing an additional 31,769 shares during the quarter. Ceva makes up approximately 1.8% of Silverberg Bernstein Capital Management LLC's holdings, making the stock its 14th biggest position. Silverberg Bernstein Capital Management LLC owned about 0.51% of Ceva worth $2,660,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CEVA. GAMMA Investing LLC grew its stake in Ceva by 44.5% in the first quarter. GAMMA Investing LLC now owns 3,437 shares of the semiconductor company's stock valued at $88,000 after purchasing an additional 1,058 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Ceva during the 1st quarter worth about $225,000. PEAK6 LLC bought a new stake in shares of Ceva during the 1st quarter worth about $256,000. Lazard Asset Management LLC bought a new stake in shares of Ceva during the 4th quarter worth about $457,000. Finally, K2 Principal Fund L.P. bought a new stake in shares of Ceva during the 1st quarter worth about $485,000. Hedge funds and other institutional investors own 85.37% of the company's stock.

Ceva Stock Up 3.9%

Shares of NASDAQ:CEVA opened at $24.54 on Tuesday. The business has a 50 day moving average price of $22.75 and a 200 day moving average price of $23.50. Ceva, Inc. has a twelve month low of $18.31 and a twelve month high of $38.94. The company has a market cap of $586.06 million, a price-to-earnings ratio of -58.43 and a beta of 1.26.

Ceva (NASDAQ:CEVA - Get Free Report) last announced its earnings results on Monday, August 11th. The semiconductor company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.02. Ceva had a negative return on equity of 3.04% and a negative net margin of 9.48%.The firm had revenue of $25.68 million during the quarter, compared to the consensus estimate of $25.33 million. During the same quarter in the prior year, the company earned $0.17 EPS. The firm's revenue for the quarter was down 9.5% compared to the same quarter last year. Analysts anticipate that Ceva, Inc. will post -0.12 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Rosenblatt Securities reiterated a "buy" rating and set a $40.00 price target on shares of Ceva in a research note on Thursday, August 14th. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of "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.

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