Deutsche Bank AG Has $3.78 Million Holdings in Ceva, Inc. $CEVA

Key Points

• Deutsche Bank AG increased its stake in Ceva, Inc. by 24.4%, lifting its holdings to approximately $3.78 million after acquiring an additional 28,939 shares.
• Other institutional investors such as Wells Fargo and Legal & General have also increased their positions in Ceva, contributing to 85.37% of the stock being owned by institutional investors.
• Ceva reported an earnings per share (EPS) of $0.07 for the last quarter, exceeding expectations, but noted a 9.5% year-over-year decline in revenue.

Deutsche Bank AG grew its holdings in shares of Ceva, Inc. (NASDAQ:CEVA - Free Report) by 24.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 147,493 shares of the semiconductor company's stock after purchasing an additional 28,939 shares during the period. Deutsche Bank AG owned about 0.62% of Ceva worth $3,777,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. grew its position in shares of Ceva by 2.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 231,369 shares of the semiconductor company's stock worth $5,925,000 after purchasing an additional 4,624 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Ceva by 13.0% during the 1st quarter. Vanguard Group Inc. now owns 2,446,574 shares of the semiconductor company's stock worth $62,657,000 after purchasing an additional 281,274 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Ceva during the 1st quarter worth approximately $225,000. D.A. Davidson & CO. grew its position in shares of Ceva by 5.7% during the 1st quarter. D.A. Davidson & CO. now owns 63,437 shares of the semiconductor company's stock worth $1,625,000 after purchasing an additional 3,423 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of Ceva by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 117,894 shares of the semiconductor company's stock worth $3,019,000 after purchasing an additional 2,629 shares in the last quarter. Institutional investors and hedge funds own 85.37% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Barclays cut their price target 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. Rosenblatt Securities reaffirmed a "buy" rating and set a $40.00 price target on shares of Ceva in a report on Thursday, August 14th. Finally, Oppenheimer cut their price target on shares of Ceva from $40.00 to $33.00 and set an "outperform" rating for the company in a report on Friday, May 9th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat, Ceva currently has a consensus rating of "Buy" and a consensus price target of $35.60.

Ceva Stock Performance

Shares of NASDAQ:CEVA traded down $0.46 during mid-day trading on Wednesday, reaching $22.20. 383,079 shares of the company's stock were exchanged, compared to its average volume of 263,506. The firm has a market capitalization of $530.14 million, a price-to-earnings ratio of -52.86 and a beta of 1.25. The business's fifty day moving average price is $22.29 and its 200-day moving average price is $25.04. Ceva, Inc. has a twelve month low of $18.31 and a twelve month high of $38.94.

Ceva (NASDAQ:CEVA - Get Free Report) last issued its quarterly earnings results on Monday, August 11th. The semiconductor company reported $0.07 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.02. The company had revenue of $25.68 million for 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%. Ceva's revenue was down 9.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.17 earnings per share. Analysts predict that Ceva, Inc. will post -0.12 EPS 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.