Tudor Investment Corp ET AL Cuts Stock Holdings in CEVA, Inc. (NASDAQ:CEVA)

Tudor Investment Corp ET AL lowered its position in shares of CEVA, Inc. (NASDAQ:CEVA - Free Report) by 29.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 28,946 shares of the semiconductor company's stock after selling 12,056 shares during the period. Tudor Investment Corp ET AL owned 0.12% of CEVA worth $913,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of CEVA. Harvest Fund Management Co. Ltd acquired a new stake in shares of CEVA in the fourth quarter valued at $40,000. Meeder Asset Management Inc. acquired a new position in CEVA in the 4th quarter valued at $46,000. GAMMA Investing LLC increased its position in CEVA by 63.3% in the 4th quarter. GAMMA Investing LLC now owns 2,379 shares of the semiconductor company's stock worth $75,000 after buying an additional 922 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in CEVA during the fourth quarter worth $129,000. Finally, Cornerstone Investment Partners LLC acquired a new position in CEVA in the fourth quarter valued at about $215,000. Institutional investors and hedge funds own 85.37% of the company's stock.

Wall Street Analysts Forecast Growth

CEVA has been the subject of a number of analyst reports. Oppenheimer lowered their target price on shares of CEVA from $40.00 to $33.00 and set an "outperform" rating for the company in a report on Friday. Barclays lowered their price target on CEVA from $40.00 to $30.00 and set an "overweight" rating for the company in a research note on Thursday. StockNews.com cut shares of CEVA from a "buy" rating to a "hold" rating in a report on Tuesday, April 1st. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $40.00 price objective on shares of CEVA in a research note on Thursday. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, CEVA presently has a consensus rating of "Moderate Buy" and an average target price of $35.60.

CEVA Trading Up 6.5%

Shares of CEVA stock traded up $1.30 on Monday, reaching $21.38. 47,160 shares of the company were exchanged, compared to its average volume of 217,610. The company has a 50-day moving average of $26.04 and a 200 day moving average of $29.39. The company has a market capitalization of $511.20 million, a price-to-earnings ratio of -57.87 and a beta of 1.37. CEVA, Inc. has a one year low of $16.02 and a one year high of $38.94.

CEVA (NASDAQ:CEVA - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The semiconductor company reported $0.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by ($0.01). CEVA had a negative return on equity of 2.48% and a negative net margin of 8.22%. The firm had revenue of $24.25 million for the quarter, compared to analyst estimates of $26.55 million. During the same quarter in the previous year, the company earned ($0.05) earnings per share. The company's quarterly revenue was up 9.8% on a year-over-year basis. Analysts predict that CEVA, Inc. will post -0.12 earnings per share for the current year.

Insider Buying and Selling at CEVA

In related news, Director Louis Silver sold 4,520 shares of the company's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $30.98, for a total value of $140,029.60. Following the sale, the director now owns 47,038 shares in the company, valued at $1,457,237.24. This represents a 8.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 2.40% of the company's stock.

CEVA Company 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.