Capstone Asset Management Co. Has $383,000 Position in CEVA, Inc. (NASDAQ:CEVA)

Capstone Asset Management Co. lowered its position in CEVA, Inc. (NASDAQ:CEVA) by 3.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,430 shares of the semiconductor company’s stock after selling 320 shares during the period. Capstone Asset Management Co.’s holdings in CEVA were worth $383,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CEVA. Pictet Asset Management Ltd. bought a new stake in shares of CEVA during the first quarter worth about $15,238,000. Comerica Bank raised its stake in shares of CEVA by 4.3% in the first quarter. Comerica Bank now owns 23,440 shares of the semiconductor company’s stock worth $860,000 after buying an additional 967 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of CEVA by 123.5% in the first quarter. BNP Paribas Arbitrage SA now owns 10,265 shares of the semiconductor company’s stock worth $364,000 after buying an additional 5,672 shares during the period. Tygh Capital Management Inc. raised its stake in shares of CEVA by 55.8% in the first quarter. Tygh Capital Management Inc. now owns 90,220 shares of the semiconductor company’s stock worth $3,203,000 after buying an additional 32,294 shares during the period. Finally, First Trust Advisors LP raised its stake in shares of CEVA by 4.1% in the first quarter. First Trust Advisors LP now owns 6,539 shares of the semiconductor company’s stock worth $232,000 after buying an additional 258 shares during the period. 90.16% of the stock is currently owned by institutional investors.

CEVA, Inc. (NASDAQ:CEVA) opened at 40.70 on Friday. CEVA, Inc. has a 52 week low of $28.15 and a 52 week high of $48.67. The stock has a market cap of $893.93 million, a P/E ratio of 53.84 and a beta of 0.63. The firm has a 50-day moving average price of $44.69 and a 200-day moving average price of $40.00.

CEVA (NASDAQ:CEVA) last released its quarterly earnings results on Thursday, August 3rd. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $20.57 million for the quarter, compared to the consensus estimate of $19.66 million. During the same quarter last year, the business posted $0.21 EPS. The company’s revenue for the quarter was up 20.3% on a year-over-year basis. On average, equities research analysts predict that CEVA, Inc. will post $1.14 EPS for the current year.

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CEVA has been the topic of a number of research analyst reports. BidaskClub downgraded CEVA from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 27th. Canaccord Genuity lifted their price target on CEVA from $41.00 to $42.00 and gave the company a “buy” rating in a report on Tuesday, April 25th. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $42.00 price target (up previously from $37.00) on shares of CEVA in a report on Friday, May 5th. Roth Capital lifted their price target on CEVA from $47.00 to $53.00 and gave the company a “buy” rating in a report on Monday, July 31st. Finally, Benchmark Co. lifted their price target on CEVA from $42.00 to $50.00 and gave the company a “buy” rating in a report on Monday, June 5th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. CEVA presently has an average rating of “Buy” and a consensus price target of $44.71.

In other CEVA news, CEO Gideon Wertheizer sold 898 shares of CEVA stock in a transaction dated 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 owns 81,783 shares of the company’s stock, valued at approximately $3,455,331.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sven Christer Nilsson sold 9,172 shares of CEVA stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $42.38, for a total value of $388,709.36. Following the completion of the sale, the director now directly owns 24,132 shares in the company, valued at approximately $1,022,714.16. The disclosure for this sale can be found here. Insiders sold a total of 15,467 shares of company stock worth $659,375 in the last three months. Company insiders own 3.90% of the company’s stock.

CEVA Company Profile

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).

Institutional Ownership by Quarter for CEVA (NASDAQ:CEVA)

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