Migdal Insurance & Financial Holdings Ltd. raised its holdings in CEVA, Inc. (NASDAQ:CEVA - Free Report) by 13,776.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 180,947 shares of the semiconductor company's stock after buying an additional 179,643 shares during the quarter. Migdal Insurance & Financial Holdings Ltd. owned 0.77% of CEVA worth $4,110,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System bought a new position in CEVA during the fourth quarter worth $268,000. Silverberg Bernstein Capital Management LLC acquired a new stake in shares of CEVA in the 4th quarter valued at about $1,653,000. SG Americas Securities LLC bought a new stake in CEVA in the 4th quarter valued at about $474,000. Citigroup Inc. raised its stake in CEVA by 10.4% during the 3rd quarter. Citigroup Inc. now owns 43,923 shares of the semiconductor company's stock worth $852,000 after buying an additional 4,121 shares during the period. Finally, Walleye Capital LLC acquired a new position in CEVA during the 3rd quarter worth approximately $248,000. 85.37% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on CEVA shares. TD Cowen upped their target price on CEVA from $25.00 to $28.00 and gave the stock an "outperform" rating in a research report on Thursday, February 15th. Rosenblatt Securities restated a "buy" rating and set a $28.00 price objective on shares of CEVA in a report on Tuesday, February 13th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, CEVA presently has a consensus rating of "Moderate Buy" and an average target price of $27.00.
Read Our Latest Stock Report on CEVA
Insiders Place Their Bets
In other news, Director Louis Silver sold 4,730 shares of CEVA stock in a transaction on Friday, March 15th. The stock was sold at an average price of $23.19, for a total transaction of $109,688.70. Following the sale, the director now directly owns 40,576 shares in the company, valued at approximately $940,957.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.90% of the company's stock.
CEVA Price Performance
Shares of NASDAQ CEVA traded down $0.88 during trading on Wednesday, hitting $19.53. The stock had a trading volume of 101,422 shares, compared to its average volume of 138,142. The firm has a fifty day moving average of $22.61 and a two-hundred day moving average of $21.34. The company has a market capitalization of $460.56 million, a PE ratio of -39.06 and a beta of 1.14. CEVA, Inc. has a 12 month low of $16.38 and a 12 month high of $28.78.
CEVA (NASDAQ:CEVA - Get Free Report) last issued its quarterly earnings data on Wednesday, February 14th. The semiconductor company reported $0.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.06 by $0.04. The business had revenue of $24.16 million during the quarter, compared to the consensus estimate of $24.32 million. CEVA had a negative net margin of 11.52% and a negative return on equity of 5.30%. The firm's quarterly revenue was down 20.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.05 EPS. On average, equities analysts expect that CEVA, Inc. will post -0.35 earnings per share for the current fiscal year.
About CEVA
(
Free Report)
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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