Dimensional Fund Advisors LP decreased its stake in CEVA, Inc. (NASDAQ:CEVA) by 1.4% during the first quarter, Holdings Channel reports. The institutional investor owned 606,878 shares of the semiconductor company’s stock after selling 8,599 shares during the period. Dimensional Fund Advisors LP’s holdings in CEVA were worth $21,544,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Pictet Asset Management Ltd. bought a new stake in shares of CEVA during the first quarter valued at $15,238,000. Comerica Bank increased 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 valued at $860,000 after buying an additional 967 shares in the last quarter. BNP Paribas Arbitrage SA increased 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 valued at $364,000 after buying an additional 5,672 shares in the last quarter. Tygh Capital Management Inc. increased 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 valued at $3,203,000 after buying an additional 32,294 shares in the last quarter. Finally, First Trust Advisors LP increased 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 valued at $232,000 after buying an additional 258 shares in the last quarter. 89.66% of the stock is currently owned by institutional investors.
Shares of CEVA, Inc. (NASDAQ:CEVA) opened at 42.15 on Thursday. The firm has a market capitalization of $915.12 million, a PE ratio of 55.75 and a beta of 0.63. The stock’s 50 day moving average price is $45.75 and its 200-day moving average price is $39.73. CEVA, Inc. has a 52-week low of $28.15 and a 52-week high of $48.67.
CEVA (NASDAQ:CEVA) last issued its quarterly earnings results on Thursday, August 3rd. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. CEVA had a net margin of 20.52% and a return on equity of 8.24%. The business had revenue of $20.57 million for the quarter, compared to analyst estimates of $19.66 million. During the same period in the previous year, the business posted $0.21 earnings per share. The business’s revenue was up 20.3% compared to the same quarter last year. Equities research analysts anticipate that CEVA, Inc. will post $1.14 EPS for the current fiscal year.
Several brokerages have weighed in on CEVA. BidaskClub downgraded CEVA from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 27th. Roth Capital increased their price target on CEVA from $47.00 to $53.00 and gave the stock a “buy” rating in a research report on Monday, July 31st. Canaccord Genuity reaffirmed a “buy” rating and set a $45.00 price target on shares of CEVA in a research report on Tuesday, July 11th. Benchmark Co. increased their price target on CEVA from $42.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, June 5th. Finally, Oppenheimer Holdings, Inc. increased their price target on CEVA from $37.00 to $42.00 and gave the stock an “outperform” rating in a research report on Monday, May 15th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $44.71.
In other news, Director Sven Christer Nilsson sold 9,172 shares of the business’s stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $42.38, for a total transaction of $388,709.36. Following the transaction, the director now directly owns 24,132 shares in the company, valued at $1,022,714.16. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Yaniv Arieli sold 59,764 shares of the business’s stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $42.91, for a total transaction of $2,564,473.24. Following the transaction, the chief financial officer now owns 52,249 shares in the company, valued at $2,242,004.59. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 114,526 shares of company stock worth $4,900,719. Company insiders own 3.90% of the company’s stock.
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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