CEVA, Inc. (NASDAQ:CEVA) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in shares of CEVA, Inc. (NASDAQ:CEVA) by 6.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 36,962 shares of the semiconductor company’s stock after selling 2,642 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in CEVA were worth $893,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CEVA. US Bancorp DE raised its stake in shares of CEVA by 125.8% during the third quarter. US Bancorp DE now owns 1,398 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 779 shares during the period. GAMMA Investing LLC grew its holdings in 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 in the last quarter. Point72 DIFC Ltd purchased a new stake in CEVA during the 2nd quarter worth $43,000. nVerses Capital LLC acquired a new position in CEVA in the 2nd quarter worth $50,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in CEVA in the 2nd quarter valued at about $65,000. Hedge funds and other institutional investors own 85.37% of the company’s stock.

CEVA Stock Down 0.3 %

Shares of CEVA stock opened at $30.92 on Friday. The business has a 50-day moving average price of $27.78 and a 200 day moving average price of $23.68. CEVA, Inc. has a fifty-two week low of $16.02 and a fifty-two week high of $33.44. The firm has a market cap of $730.55 million, a P/E ratio of -220.84 and a beta of 1.27.

Wall Street Analyst Weigh In

CEVA has been the topic of several recent analyst reports. Rosenblatt Securities boosted their price target on CEVA from $28.00 to $35.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. StockNews.com lowered CEVA from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Finally, Roth Mkm raised their price target on shares of CEVA from $25.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.00.

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.