Quest Partners LLC Sells 2,951 Shares of CEVA, Inc. (NASDAQ:CEVA)

Quest Partners LLC lowered its holdings in shares of CEVA, Inc. (NASDAQ:CEVA) by 14.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 17,531 shares of the semiconductor company’s stock after selling 2,951 shares during the period. Quest Partners LLC owned about 0.07% of CEVA worth $423,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. US Bancorp DE lifted its position in shares of CEVA by 125.8% during the 3rd quarter. US Bancorp DE now owns 1,398 shares of the semiconductor company’s stock valued at $34,000 after acquiring an additional 779 shares during the period. GAMMA Investing LLC increased its position in shares of CEVA by 338.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,457 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 1,125 shares during the last quarter. Point72 DIFC Ltd bought a new stake in CEVA in the second quarter worth about $43,000. nVerses Capital LLC purchased a new position in CEVA in the second quarter valued at about $50,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of CEVA during the 2nd quarter valued at approximately $65,000. 85.37% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CEVA. StockNews.com cut shares of CEVA from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Roth Mkm increased their price target on CEVA from $25.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Oppenheimer boosted their price objective on CEVA from $29.00 to $33.00 and gave the company an “outperform” rating in a research note on Thursday, August 8th. Finally, Rosenblatt Securities increased their target price on shares of CEVA from $28.00 to $35.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $34.00.

CEVA Stock Performance

NASDAQ:CEVA opened at $30.44 on Monday. The business’s fifty day moving average is $25.16 and its 200 day moving average is $22.25. The firm has a market cap of $719.21 million, a price-to-earnings ratio of -217.43 and a beta of 1.20. CEVA, Inc. has a 52-week low of $16.02 and a 52-week high of $30.81.

About CEVA

CEVA, Inc provides silicon and software IP solutions to semiconductor and original equipment manufacturer (OEM) companies worldwide. Its 5G mobile and infrastructure products include Ceva-XC vector digital signal processors (DSPs) for 5G handsets, 5G RAN, and general-purpose baseband processing; PentaG-RAN, an open ran platform for base station and radio; and PentaG2 – 5G NR modem platform for UE, as well as for non-handset 5G vertical markets, such as fixed wireless access, industry 4.0, robotics, and AR/VR devices.