Federated Investors Inc. PA boosted its position in CEVA, Inc. (NASDAQ:CEVA) by 68.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 23,878 shares of the company’s stock after buying an additional 9,715 shares during the period. Federated Investors Inc. PA owned about 0.11% of CEVA worth $801,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Municipal Employees Retirement System of Michigan boosted its stake in CEVA by 1.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 4,530 shares of the company’s stock worth $159,000 after buying an additional 70 shares in the last quarter. Algert Global LLC bought a new stake in shares of CEVA during the third quarter worth approximately $204,000. Sapphire Star Partners LP bought a new stake in shares of CEVA during the fourth quarter worth approximately $208,000. Princeton Alpha Management LP bought a new stake in shares of CEVA during the third quarter worth approximately $254,000. Finally, Campbell Newman Asset Management Inc. bought a new stake in shares of CEVA during the third quarter worth approximately $308,000. Institutional investors and hedge funds own 88.78% of the company’s stock.
Shares of CEVA, Inc. (NASDAQ:CEVA) opened at 35.75 on Tuesday. The firm has a market cap of $767.91 million, a PE ratio of 58.61 and a beta of 0.82. CEVA, Inc. has a one year low of $19.75 and a one year high of $36.81. The firm’s 50-day moving average price is $34.67 and its 200-day moving average price is $33.07.
CEVA (NASDAQ:CEVA) last issued its earnings results on Wednesday, February 1st. The company reported $0.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.04. CEVA had a return on equity of 7.14% and a net margin of 18.03%. The business earned $21.20 million during the quarter, compared to analyst estimates of $20.60 million. During the same quarter in the previous year, the firm earned $0.17 EPS. CEVA’s revenue was up 31.7% on a year-over-year basis. Equities research analysts expect that CEVA, Inc. will post $1.13 earnings per share for the current fiscal year.
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A number of equities research analysts have commented on the company. William Blair reiterated a “market perform” rating on shares of CEVA in a report on Wednesday, January 11th. Barclays PLC reiterated a “buy” rating and set a $40.00 target price on shares of CEVA in a report on Wednesday, January 11th. Canaccord Genuity reiterated a “buy” rating and set a $41.00 target price on shares of CEVA in a report on Tuesday, January 31st. Finally, Zacks Investment Research cut CEVA from a “hold” rating to a “sell” rating in a report on Wednesday, February 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company’s stock. CEVA presently has a consensus rating of “Buy” and a consensus price target of $36.50.
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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