Vanguard Group Inc. Grows Position in CEVA, Inc. (NASDAQ:CEVA)

Vanguard Group Inc. raised its position in shares of CEVA, Inc. (NASDAQ:CEVA - Free Report) by 1.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,165,300 shares of the semiconductor company's stock after buying an additional 24,313 shares during the period. Vanguard Group Inc. owned about 9.16% of CEVA worth $68,315,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. KLP Kapitalforvaltning AS bought a new position in CEVA during the 4th quarter valued at approximately $129,000. Sei Investments Co. increased its holdings in shares of CEVA by 21.5% in the 4th quarter. Sei Investments Co. now owns 67,986 shares of the semiconductor company's stock worth $2,145,000 after purchasing an additional 12,034 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of CEVA by 12.8% during the fourth quarter. American Century Companies Inc. now owns 43,766 shares of the semiconductor company's stock valued at $1,381,000 after purchasing an additional 4,971 shares in the last quarter. Magnetar Financial LLC boosted its holdings in shares of CEVA by 2.8% during the 4th quarter. Magnetar Financial LLC now owns 19,743 shares of the semiconductor company's stock valued at $623,000 after acquiring an additional 531 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of CEVA during the 4th quarter valued at about $40,000. 85.37% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Rosenblatt Securities restated a "buy" rating and set a $35.00 target price on shares of CEVA in a research report on Tuesday, February 11th. Northland Securities lifted their target price on CEVA from $31.00 to $35.00 and gave the company an "outperform" rating in a research report on Monday, December 23rd. StockNews.com downgraded CEVA from a "buy" rating to a "hold" rating in a research note on Tuesday, April 1st. Finally, Barclays upped their price target on shares of CEVA from $34.00 to $40.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $36.60.

CEVA Stock Performance

CEVA stock traded down $0.82 during mid-day trading on Wednesday, reaching $22.55. 15,188 shares of the stock traded hands, compared to its average volume of 205,270. CEVA, Inc. has a one year low of $16.02 and a one year high of $38.94. The business has a 50-day moving average price of $29.49 and a two-hundred day moving average price of $29.35. The stock has a market capitalization of $539.27 million, a PE ratio of -61.01 and a beta of 1.46.

CEVA (NASDAQ:CEVA - Get Free Report) last announced its earnings results on Thursday, February 13th. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.16). CEVA had a negative net margin of 8.22% and a negative return on equity of 2.48%. On average, equities analysts expect that CEVA, Inc. will post -0.12 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other CEVA news, Director Louis Silver sold 4,520 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the director now directly owns 47,038 shares in the company, valued at $1,457,237.24. This trade represents a 8.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.40% of the stock is owned by company 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.