CEVA, Inc. (NASDAQ:CEVA) Director Peter Mcmanamon sold 1,497 shares of the company’s stock in a transaction 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 sale, the director now directly owns 264,054 shares of the company’s stock, valued at $11,882,430. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Peter Mcmanamon also recently made the following trade(s):

  • On Tuesday, May 16th, Peter Mcmanamon sold 28,000 shares of CEVA stock. The stock was sold at an average price of $42.74, for a total transaction of $1,196,720.00.

CEVA, Inc. (CEVA) traded down 1.00% during trading on Thursday, reaching $44.70. 113,435 shares of the company traded hands. The company’s 50-day moving average is $44.50 and its 200 day moving average is $37.37. The company has a market cap of $963.42 million, a PE ratio of 63.14 and a beta of 0.63. CEVA, Inc. has a 12 month low of $25.48 and a 12 month high of $48.67.

CEVA (NASDAQ:CEVA) last released its quarterly earnings data on Thursday, May 4th. The semiconductor company reported $0.28 EPS for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.09. CEVA had a net margin of 19.90% and a return on equity of 7.99%. The firm had revenue of $21.30 million during the quarter, compared to analysts’ expectations of $20.98 million. During the same period in the previous year, the business posted $0.17 earnings per share. The company’s revenue for the quarter was up 29.1% compared to the same quarter last year. On average, analysts anticipate that CEVA, Inc. will post $1.13 earnings per share for the current year.

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Institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted 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 worth $3,655,000 after buying an additional 39,449 shares during the period. State Street Corp boosted 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 worth $20,373,000 after buying an additional 59,831 shares during the period. Bank of America Corp DE boosted 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 worth $1,377,000 after buying an additional 16,052 shares during the period. Weiss Multi Strategy Advisers LLC bought a new position in CEVA during the first quarter worth approximately $888,000. Finally, Schwab Charles Investment Management Inc. boosted its position in CEVA by 5.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 88,723 shares of the semiconductor company’s stock worth $3,150,000 after buying an additional 4,782 shares during the period. 88.53% of the stock is owned by hedge funds and other institutional investors.

Several analysts recently issued reports on the stock. Benchmark Co. upped their price objective on shares of CEVA from $42.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, June 5th. Wunderlich reaffirmed a “buy” rating and set a $40.00 price objective on shares of CEVA in a report on Monday, March 27th. Oppenheimer Holdings, Inc. upped their price objective on shares of CEVA from $37.00 to $42.00 and gave the stock an “outperform” rating in a report on Monday, May 15th. Canaccord Genuity upped their price objective on shares of CEVA from $41.00 to $42.00 and gave the stock a “buy” rating in a report on Tuesday, April 25th. Finally, Zacks Investment Research raised shares of CEVA from a “sell” rating to a “hold” rating in a report on Tuesday, April 4th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $41.14.

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).

Insider Buying and Selling by Quarter for CEVA (NASDAQ:CEVA)

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