Tudor Investment Corp ET AL Has $913,000 Stake in CEVA, Inc. (NASDAQ:CEVA)

Tudor Investment Corp ET AL lowered its position in CEVA, Inc. (NASDAQ:CEVA - Free Report) by 29.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,946 shares of the semiconductor company's stock after selling 12,056 shares during the period. Tudor Investment Corp ET AL owned about 0.12% of CEVA worth $913,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the business. Barclays PLC grew its stake in shares of CEVA by 389.8% during the 3rd quarter. Barclays PLC now owns 41,900 shares of the semiconductor company's stock worth $1,011,000 after purchasing an additional 33,346 shares during the period. Tidal Investments LLC boosted its stake in shares of CEVA by 4.6% during the 3rd quarter. Tidal Investments LLC now owns 18,260 shares of the semiconductor company's stock worth $441,000 after acquiring an additional 808 shares in the last quarter. Franklin Resources Inc. increased its stake in CEVA by 59.8% in the 3rd quarter. Franklin Resources Inc. now owns 33,432 shares of the semiconductor company's stock valued at $842,000 after purchasing an additional 12,515 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in CEVA by 55.9% during the third quarter. JPMorgan Chase & Co. now owns 115,979 shares of the semiconductor company's stock worth $2,801,000 after purchasing an additional 41,573 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in CEVA by 63.3% during the fourth quarter. GAMMA Investing LLC now owns 2,379 shares of the semiconductor company's stock worth $75,000 after purchasing an additional 922 shares in the last quarter. 85.37% of the stock is owned by hedge funds and other institutional investors.

CEVA Stock Performance

Shares of NASDAQ:CEVA traded down $0.15 during midday trading on Friday, reaching $20.09. The company had a trading volume of 286,346 shares, compared to its average volume of 217,863. CEVA, Inc. has a 1-year low of $16.02 and a 1-year high of $38.94. The company has a fifty day simple moving average of $26.04 and a two-hundred day simple moving average of $29.31. The firm has a market cap of $480.35 million, a price-to-earnings ratio of -54.30 and a beta of 1.37.

CEVA (NASDAQ:CEVA - Get Free Report) last posted its quarterly earnings data 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 analysts' expectations of $26.55 million. CEVA had a negative return on equity of 2.48% and a negative net margin of 8.22%. The company's revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.05) earnings per share. Analysts expect that CEVA, Inc. will post -0.12 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Rosenblatt Securities reissued a "buy" rating and issued a $40.00 price target on shares of CEVA in a report on Thursday. StockNews.com lowered shares of CEVA from a "buy" rating to a "hold" rating in a report on Tuesday, April 1st. Barclays cut their target price on shares of CEVA from $40.00 to $30.00 and set an "overweight" rating on the stock in a research note on Thursday. Finally, Oppenheimer dropped their price target on CEVA from $40.00 to $33.00 and set an "outperform" rating on the stock in a research report on Friday. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $35.60.

Insider Transactions at CEVA

In other news, Director Louis Silver sold 4,520 shares of the company's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $30.98, for a total value 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. This represents a 8.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.40% of the stock is owned by insiders.

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.