Eagle Asset Management Inc. increased its stake in CEVA, Inc. (NASDAQ:CEVA) by 58.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 93,921 shares of the semiconductor company’s stock after acquiring an additional 34,658 shares during the quarter. Eagle Asset Management Inc. owned 0.43% of CEVA worth $4,047,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in CEVA. Parametric Portfolio Associates LLC increased its stake in CEVA by 218.6% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 45,261 shares of the semiconductor company’s stock valued at $2,057,000 after purchasing an additional 31,054 shares in the last quarter. Baillie Gifford & Co. increased its stake in CEVA by 5.3% during the 3rd quarter. Baillie Gifford & Co. now owns 193,198 shares of the semiconductor company’s stock valued at $8,269,000 after purchasing an additional 9,798 shares in the last quarter. Northern Trust Corp increased its stake in CEVA by 8.6% during the 2nd quarter. Northern Trust Corp now owns 286,928 shares of the semiconductor company’s stock valued at $13,041,000 after purchasing an additional 22,822 shares in the last quarter. Cortina Asset Management LLC increased its stake in CEVA by 25.1% during the 3rd quarter. Cortina Asset Management LLC now owns 137,326 shares of the semiconductor company’s stock valued at $5,878,000 after purchasing an additional 27,555 shares in the last quarter. Finally, Alps Advisors Inc. bought a new stake in CEVA during the 3rd quarter valued at $491,000. Institutional investors own 86.50% of the company’s stock.
In other news, EVP Issachar Ohana sold 1,965 shares of the company’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of $50.10, for a total value of $98,446.50. Following the completion of the sale, the executive vice president now owns 28,289 shares in the company, valued at approximately $1,417,278.90. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Eliyahu Ayalon sold 9,215 shares of the company’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $46.00, for a total transaction of $423,890.00. Following the completion of the sale, the director now owns 11,586 shares of the company’s stock, valued at approximately $532,956. The disclosure for this sale can be found here. In the last quarter, insiders sold 67,682 shares of company stock valued at $3,257,929. Company insiders own 3.90% of the company’s stock.
CEVA (NASDAQ:CEVA) last posted its earnings results on Wednesday, November 1st. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.08. CEVA had a net margin of 21.89% and a return on equity of 9.02%. The firm had revenue of $24.00 million during the quarter, compared to analyst estimates of $21.56 million. During the same quarter in the prior year, the business posted $0.24 EPS. The business’s revenue was up 34.1% compared to the same quarter last year. equities analysts forecast that CEVA, Inc. will post 0.77 earnings per share for the current year.
CEVA has been the subject of a number of recent research reports. Zacks Investment Research lowered shares of CEVA from a “hold” rating to a “sell” rating in a research note on Monday, November 6th. Canaccord Genuity boosted their price target on shares of CEVA from $53.00 to $54.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st. Finally, BidaskClub lowered shares of CEVA from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $46.71.
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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).
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