Aigen Investment Management LP Purchases Shares of 8,827 CEVA, Inc. (NASDAQ:CEVA)

Aigen Investment Management LP acquired a new position in shares of CEVA, Inc. (NASDAQ:CEVA) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 8,827 shares of the semiconductor company’s stock, valued at approximately $213,000.

A number of other institutional investors and hedge funds also recently modified their holdings of CEVA. Vanguard Group Inc. increased its position in CEVA by 2.2% during the first quarter. Vanguard Group Inc. now owns 2,969,107 shares of the semiconductor company’s stock worth $67,428,000 after buying an additional 62,734 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of CEVA by 5.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 835,131 shares of the semiconductor company’s stock worth $16,110,000 after acquiring an additional 44,502 shares during the last quarter. Acadian Asset Management LLC raised its stake in CEVA by 8.3% in the 2nd quarter. Acadian Asset Management LLC now owns 566,880 shares of the semiconductor company’s stock valued at $10,931,000 after acquiring an additional 43,266 shares during the period. Rice Hall James & Associates LLC lifted its holdings in CEVA by 5.5% during the 3rd quarter. Rice Hall James & Associates LLC now owns 452,541 shares of the semiconductor company’s stock valued at $10,929,000 after purchasing an additional 23,566 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its position in CEVA by 1,693.8% during the first quarter. CANADA LIFE ASSURANCE Co now owns 321,602 shares of the semiconductor company’s stock worth $7,284,000 after purchasing an additional 303,673 shares during the period. 85.37% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on CEVA shares. Roth Mkm raised their target price on shares of 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 stock an “outperform” rating in a report on Thursday, August 8th. Rosenblatt Securities lifted their price target on CEVA from $28.00 to $35.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, StockNews.com downgraded CEVA from a “buy” rating to a “hold” rating in a research note on Friday. One equities research 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 company has a consensus rating of “Moderate Buy” and an average price target of $34.00.

CEVA Trading Down 1.4 %

Shares of CEVA opened at $27.01 on Friday. CEVA, Inc. has a 12 month low of $16.02 and a 12 month high of $30.00. The firm’s 50 day moving average is $24.71 and its 200-day moving average is $21.95. The stock has a market capitalization of $638.25 million, a PE ratio of -192.91 and a beta of 1.20.

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.