Uniplan Investment Counsel Inc. Acquires 74,184 Shares of CEVA, Inc. (CEVA)

Uniplan Investment Counsel Inc. increased its holdings in shares of CEVA, Inc. (NASDAQ:CEVA) by 64.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 190,120 shares of the semiconductor company’s stock after acquiring an additional 74,184 shares during the quarter. Uniplan Investment Counsel Inc. owned about 0.86% of CEVA worth $8,137,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Granite Point Capital Management L.P. raised its stake in CEVA by 400.0% during the third quarter. Granite Point Capital Management L.P. now owns 25,000 shares of the semiconductor company’s stock worth $1,070,000 after purchasing an additional 20,000 shares during the period. OxFORD Asset Management LLP purchased a new position in CEVA during the third quarter worth about $1,679,000. Dimensional Fund Advisors LP raised its stake in CEVA by 2.3% during the third quarter. Dimensional Fund Advisors LP now owns 617,663 shares of the semiconductor company’s stock worth $26,436,000 after purchasing an additional 13,633 shares during the period. Schwab Charles Investment Management Inc. raised its stake in CEVA by 12.6% during the third quarter. Schwab Charles Investment Management Inc. now owns 105,339 shares of the semiconductor company’s stock worth $4,509,000 after purchasing an additional 11,756 shares during the period. Finally, Wells Fargo & Company MN raised its stake in CEVA by 46.0% during the third quarter. Wells Fargo & Company MN now owns 25,542 shares of the semiconductor company’s stock worth $1,093,000 after purchasing an additional 8,043 shares during the period. Hedge funds and other institutional investors own 86.50% of the company’s stock.

In related news, Director Sven Christer Nilsson sold 27,285 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $47.50, for a total transaction of $1,296,037.50. Following the sale, the director now directly owns 28,282 shares of the company’s stock, valued at approximately $1,343,395. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Yaniv Arieli sold 8,614 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $49.25, for a total transaction of $424,239.50. Following the sale, the chief financial officer now directly owns 40,372 shares in the company, valued at $1,988,321. The disclosure for this sale can be found here. Insiders sold a total of 67,682 shares of company stock worth $3,257,929 over the last three months. Insiders own 3.90% of the company’s stock.

A number of brokerages have commented on CEVA. Canaccord Genuity reaffirmed a “buy” rating and set a $53.00 target price (down from $54.00) on shares of CEVA in a research note on Tuesday, October 3rd. BidaskClub downgraded shares of CEVA from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Finally, Zacks Investment Research downgraded shares of CEVA from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $46.71.

Shares of CEVA, Inc. (NASDAQ CEVA) opened at $44.80 on Thursday. The stock has a market cap of $1,000.41, a P/E ratio of 50.58, a PEG ratio of 2.96 and a beta of 0.74. CEVA, Inc. has a 52 week low of $30.20 and a 52 week high of $51.80.

CEVA (NASDAQ:CEVA) last released its quarterly earnings results on Wednesday, November 1st. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.08. The business had revenue of $24.00 million for the quarter, compared to the consensus estimate of $21.56 million. CEVA had a net margin of 21.89% and a return on equity of 9.02%. The business’s revenue was up 34.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.24 EPS. analysts anticipate that CEVA, Inc. will post 0.77 EPS for the current year.

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CEVA 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).

Institutional Ownership by Quarter for CEVA (NASDAQ:CEVA)

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