Dimensional Fund Advisors LP lifted its stake in shares of CEVA, Inc. (NASDAQ:CEVA) by 0.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 638,973 shares of the semiconductor company’s stock after buying an additional 5,082 shares during the quarter. Dimensional Fund Advisors LP owned about 2.88% of CEVA worth $19,297,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Piedmont Investment Advisors LLC purchased a new stake in shares of CEVA during the 2nd quarter worth approximately $156,000. WINTON GROUP Ltd purchased a new stake in shares of CEVA during the 1st quarter worth approximately $203,000. Principal Financial Group Inc. lifted its position in shares of CEVA by 4.0% during the 1st quarter. Principal Financial Group Inc. now owns 181,006 shares of the semiconductor company’s stock worth $6,552,000 after buying an additional 6,939 shares during the last quarter. Alps Advisors Inc. purchased a new stake in shares of CEVA during the 2nd quarter worth approximately $529,000. Finally, Northern Trust Corp lifted its position in shares of CEVA by 1.2% during the 1st quarter. Northern Trust Corp now owns 292,806 shares of the semiconductor company’s stock worth $10,600,000 after buying an additional 3,566 shares during the last quarter. Institutional investors and hedge funds own 86.73% of the company’s stock.
Several research firms recently commented on CEVA. Roth Capital reduced their price target on shares of CEVA from $44.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, August 8th. Canaccord Genuity reiterated a “buy” rating and issued a $36.00 price target on shares of CEVA in a research report on Tuesday, August 7th. BidaskClub upgraded shares of CEVA from a “sell” rating to a “hold” rating in a research report on Tuesday, July 10th. Zacks Investment Research upgraded shares of CEVA from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, Barclays reduced their price target on shares of CEVA from $40.00 to $35.00 and set an “overweight” rating for the company in a research report on Wednesday, August 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. CEVA currently has a consensus rating of “Hold” and an average price target of $38.00.
CEVA stock opened at $24.79 on Friday. CEVA, Inc. has a 12 month low of $24.33 and a 12 month high of $51.80. The firm has a market capitalization of $633.40 million, a P/E ratio of 30.99, a price-to-earnings-growth ratio of 20.54 and a beta of 1.12.
CEVA (NASDAQ:CEVA) last released its quarterly earnings results on Tuesday, August 7th. The semiconductor company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.07). CEVA had a net margin of 5.87% and a return on equity of 2.43%. The business had revenue of $17.49 million during the quarter, compared to analysts’ expectations of $18.95 million. As a group, equities analysts forecast that CEVA, Inc. will post 0.07 earnings per share for the current year.
In related news, Director Maria Marced sold 2,770 shares of the company’s stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $29.50, for a total value of $81,715.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.00% of the stock is owned by corporate insiders.
CEVA, Inc licenses signal processing platforms and artificial intelligence processors for semiconductor companies and original equipment manufacturers (OEMs) serving the mobile, consumer, automotive, industrial, and Internet-of Things (IoT) markets worldwide. The company licenses a family of programmable digital signal processor (DSP) cores and application-specific platforms for imaging, computer vision, deep learning, sound, voice, and audio processing; and long range wireless technologies for LTE/5G baseband processing in IoT, handsets, and infrastructure, as well as short range wireless platforms for Wi-Fi and Bluetooth.
See Also: Earnings Per Share (EPS)
Receive News & Ratings for CEVA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CEVA and related companies with MarketBeat.com's FREE daily email newsletter.