Silverberg Bernstein Capital Management LLC Has $2.66 Million Stock Position in Ceva, Inc. $CEVA

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

A number of other institutional investors also recently bought and sold shares of CEVA. Vanguard Group Inc. grew its position in shares of Ceva by 13.0% during the first quarter. Vanguard Group Inc. now owns 2,446,574 shares of the semiconductor company's stock valued at $62,657,000 after purchasing an additional 281,274 shares in the last quarter. AWM Investment Company Inc. raised its position in shares of Ceva by 2.5% in the first quarter. AWM Investment Company Inc. now owns 615,162 shares of the semiconductor company's stock worth $15,754,000 after acquiring an additional 15,000 shares during the period. Northern Trust Corp raised its position in shares of Ceva by 14.3% during the 4th quarter. Northern Trust Corp now owns 270,372 shares of the semiconductor company's stock worth $8,530,000 after purchasing an additional 33,737 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Ceva by 2.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 231,369 shares of the semiconductor company's stock valued at $5,925,000 after acquiring an additional 4,624 shares during the last quarter. Finally, Invesco Ltd. boosted its position in shares of Ceva by 75.8% during the 1st quarter. Invesco Ltd. now owns 148,459 shares of the semiconductor company's stock worth $3,802,000 after purchasing an additional 64,033 shares during the period. 85.37% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Rosenblatt Securities restated a "buy" rating and issued a $40.00 price objective on shares of Ceva in a research note on Thursday, August 14th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $35.60.

Ceva Stock Up 0.3%

Shares of NASDAQ:CEVA traded up $0.08 on Friday, reaching $26.42. 1,248,441 shares of the company's stock were exchanged, compared to its average volume of 242,431. The firm has a market capitalization of $630.91 million, a price-to-earnings ratio of -62.90 and a beta of 1.26. The business's 50-day moving average is $22.95 and its two-hundred day moving average is $23.43. Ceva, Inc. has a fifty-two week low of $18.31 and a fifty-two week high of $38.94.

Ceva (NASDAQ:CEVA - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $25.68 million during the quarter, compared to analyst estimates of $25.33 million. Ceva had a negative net margin of 9.48% and a negative return on equity of 3.04%. The business's revenue for the quarter was down 9.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.17 EPS. Analysts predict that Ceva, Inc. will post -0.12 earnings per share for the current fiscal year.

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.