12,274 Shares in CEVA, Inc. (NASDAQ:CEVA) Bought by SG Americas Securities LLC

SG Americas Securities LLC purchased a new position in shares of CEVA, Inc. (NASDAQ:CEVA) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 12,274 shares of the semiconductor company’s stock, valued at approximately $296,000. SG Americas Securities LLC owned about 0.05% of CEVA as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Point72 DIFC Ltd bought a new stake in shares of CEVA during the second quarter worth approximately $43,000. nVerses Capital LLC bought a new stake in shares of CEVA during the second quarter worth $50,000. Point72 Asia Singapore Pte. Ltd. bought a new position in CEVA in the 2nd quarter valued at approximately $65,000. Susquehanna Fundamental Investments LLC bought a new position in shares of CEVA during the second quarter worth about $227,000. Finally, State Board of Administration of Florida Retirement System acquired a new stake in shares of CEVA during the first quarter worth $245,000. Institutional investors and hedge funds own 85.37% of the company’s stock.

CEVA Stock Down 1.5 %

CEVA stock opened at $24.39 on Friday. The stock has a 50-day simple moving average of $23.86 and a two-hundred day simple moving average of $21.31. The firm has a market capitalization of $577.80 million, a PE ratio of -84.10 and a beta of 1.19. CEVA, Inc. has a twelve month low of $16.02 and a twelve month high of $25.74.

CEVA (NASDAQ:CEVA) last released its quarterly earnings results on Wednesday, August 7th. The semiconductor company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.14. CEVA had a negative return on equity of 3.77% and a negative net margin of 7.02%. The firm had revenue of $28.44 million for the quarter, compared to analysts’ expectations of $24.47 million. On average, equities research analysts anticipate that CEVA, Inc. will post -0.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CEVA has been the topic of a number of research analyst reports. Oppenheimer increased their price target on CEVA from $29.00 to $33.00 and gave the stock an “outperform” rating in a report on Thursday, August 8th. Roth Mkm upgraded shares of CEVA from a “neutral” rating to a “buy” rating and increased their price objective for the company from $20.00 to $25.00 in a research note on Thursday, August 8th. Finally, StockNews.com cut shares of CEVA from a “buy” rating to a “hold” rating in a research note on Wednesday, August 21st. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $28.50.

CEVA Profile

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.