Dynamic Technology Lab Private Ltd acquired a new stake in shares of CEVA, Inc. (NASDAQ:CEVA – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 15,780 shares of the semiconductor company’s stock, valued at approximately $358,000. Dynamic Technology Lab Private Ltd owned 0.07% of CEVA at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in CEVA. Quadrant Capital Group LLC raised its stake in CEVA by 122.8% during the 4th quarter. Quadrant Capital Group LLC now owns 1,163 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 641 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in CEVA by 99.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,599 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 798 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in CEVA by 64.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,108 shares of the semiconductor company’s stock valued at $80,000 after acquiring an additional 1,617 shares in the last quarter. Skandinaviska Enskilda Banken AB publ raised its stake in CEVA by 69.8% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 4,363 shares of the semiconductor company’s stock valued at $85,000 after acquiring an additional 1,794 shares in the last quarter. Finally, Numerai GP LLC bought a new stake in CEVA during the 3rd quarter valued at $201,000. Institutional investors own 85.37% of the company’s stock.
Insider Transactions at CEVA
In other news, Director Louis Silver sold 4,730 shares of the business’s 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 of the company’s stock, valued at $940,957.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.40% of the stock is owned by insiders.
CEVA Stock Up 2.0 %
Shares of CEVA stock opened at $19.67 on Monday. The stock’s fifty day moving average is $21.01 and its 200-day moving average is $21.63. CEVA, Inc. has a 12-month low of $16.38 and a 12-month high of $27.65.
CEVA (NASDAQ:CEVA – Get Free Report) last announced its earnings results on Thursday, May 9th. The semiconductor company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.06). The company had revenue of $22.07 million for the quarter, compared to analyst estimates of $23.06 million. CEVA had a negative return on equity of 5.70% and a negative net margin of 12.91%. As a group, sell-side analysts predict that CEVA, Inc. will post -0.32 EPS for the current fiscal year.
Analysts Set New Price Targets
Several brokerages have weighed in on CEVA. Roth Mkm cut their target price on CEVA from $25.00 to $20.00 and set a “neutral” rating on the stock in a research note on Friday, May 10th. TD Cowen boosted their price objective on CEVA from $25.00 to $28.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $28.00 price objective on shares of CEVA in a research note on Tuesday, February 13th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $27.00.
View Our Latest Report on CEVA
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.
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