Louisiana State Employees Retirement System increased its stake in CEVA, Inc. (NASDAQ:CEVA) by 1.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,700 shares of the semiconductor company’s stock after buying an additional 100 shares during the period. Louisiana State Employees Retirement System’s holdings in CEVA were worth $395,000 as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. State of Alaska Department of Revenue raised its position in CEVA by 80.3% in the second quarter. State of Alaska Department of Revenue now owns 4,237 shares of the semiconductor company’s stock valued at $192,000 after buying an additional 1,887 shares during the last quarter. Goldman Sachs Group Inc. raised its position in CEVA by 62.1% in the first quarter. Goldman Sachs Group Inc. now owns 102,955 shares of the semiconductor company’s stock valued at $3,655,000 after buying an additional 39,449 shares during the last quarter. State Street Corp raised its position in CEVA by 11.6% in the first quarter. State Street Corp now owns 573,784 shares of the semiconductor company’s stock valued at $20,373,000 after buying an additional 59,831 shares during the last quarter. Bank of America Corp DE raised its position in CEVA by 70.6% in the first quarter. Bank of America Corp DE now owns 38,781 shares of the semiconductor company’s stock valued at $1,377,000 after buying an additional 16,052 shares during the last quarter. Finally, Weiss Multi Strategy Advisers LLC bought a new position in CEVA during the first quarter valued at about $888,000. Institutional investors own 90.16% of the company’s stock.
CEVA, Inc. (NASDAQ:CEVA) traded down 0.36% during trading on Tuesday, hitting $41.45. The stock had a trading volume of 39,702 shares. CEVA, Inc. has a one year low of $28.15 and a one year high of $48.67. The stock has a 50 day moving average of $45.28 and a 200 day moving average of $39.90. The firm has a market capitalization of $910.41 million, a P/E ratio of 54.83 and a beta of 0.63.
CEVA (NASDAQ:CEVA) last released its earnings results on Thursday, August 3rd. The semiconductor company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.27 by $0.01. CEVA had a return on equity of 8.24% and a net margin of 20.52%. The business had revenue of $20.57 million during the quarter, compared to analysts’ expectations of $19.66 million. During the same quarter last year, the firm posted $0.21 earnings per share. The firm’s revenue was up 20.3% on a year-over-year basis. Equities research analysts expect that CEVA, Inc. will post $1.14 earnings per share for the current fiscal year.
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Several equities analysts have recently issued reports on the company. BidaskClub lowered CEVA from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Canaccord Genuity lifted their price objective on CEVA from $45.00 to $54.00 and gave the company a “buy” rating in a report on Friday, August 4th. Roth Capital lifted their price objective on CEVA from $47.00 to $53.00 and gave the company a “buy” rating in a report on Monday, July 31st. Benchmark Co. lifted their price objective on CEVA from $42.00 to $50.00 and gave the company a “buy” rating in a report on Monday, June 5th. Finally, Oppenheimer Holdings, Inc. lifted their price objective on CEVA from $37.00 to $42.00 and gave the company an “outperform” rating in a report on Monday, May 15th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $44.71.
In related news, Director Peter Mcmanamon sold 1,497 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $45.00, for a total transaction of $67,365.00. Following the completion of the sale, the director now owns 264,054 shares of the company’s stock, valued at $11,882,430. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gideon Wertheizer sold 898 shares of the firm’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $42.25, for a total value of $37,940.50. Following the sale, the chief executive officer now directly owns 81,783 shares of the company’s stock, valued at approximately $3,455,331.75. The disclosure for this sale can be found here. Insiders have sold 26,762 shares of company stock valued at $1,139,525 in the last ninety days. 3.90% of the stock is currently owned by insiders.
CEVA, Inc (CEVA) is a licensor of signal processing intellectual property (IP). The Company partners with semiconductor companies and original equipment manufacturers (OEMs) to create connected devices for a range of end markets, including mobile, consumer, automotive, industrial and Internet of things (IoT).
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