Mirae Asset Global Investments Co. Ltd. Increases Position in CEVA, Inc. (NASDAQ:CEVA)

Mirae Asset Global Investments Co. Ltd. grew its stake in CEVA, Inc. (NASDAQ:CEVAGet Rating) by 27.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 373,499 shares of the semiconductor company’s stock after acquiring an additional 79,685 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in CEVA were worth $15,183,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in CEVA. Dimensional Fund Advisors LP increased its holdings in shares of CEVA by 0.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 596,751 shares of the semiconductor company’s stock valued at $25,804,000 after acquiring an additional 3,254 shares during the period. Citigroup Inc. increased its holdings in shares of CEVA by 5.9% in the 4th quarter. Citigroup Inc. now owns 34,197 shares of the semiconductor company’s stock valued at $1,479,000 after acquiring an additional 1,918 shares during the period. Qube Research & Technologies Ltd purchased a new position in shares of CEVA in the 4th quarter valued at $553,000. Penserra Capital Management LLC increased its holdings in shares of CEVA by 4.1% in the 4th quarter. Penserra Capital Management LLC now owns 155,635 shares of the semiconductor company’s stock valued at $6,729,000 after acquiring an additional 6,110 shares during the period. Finally, Inspire Investing LLC purchased a new position in shares of CEVA in the 1st quarter valued at $289,000. 85.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Cowen lowered their price objective on CEVA to $38.00 in a research report on Monday, August 15th.

CEVA Trading Down 0.6 %

NASDAQ:CEVA opened at $27.56 on Monday. CEVA, Inc. has a 12 month low of $27.12 and a 12 month high of $50.85. The stock has a 50 day moving average of $32.82 and a two-hundred day moving average of $34.93. The firm has a market cap of $639.50 million, a P/E ratio of 689.17, a price-to-earnings-growth ratio of 6.41 and a beta of 1.09.

CEVA (NASDAQ:CEVAGet Rating) last issued its quarterly earnings data on Tuesday, August 9th. The semiconductor company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.02. The company had revenue of $33.20 million during the quarter, compared to analyst estimates of $34.46 million. CEVA had a return on equity of 2.07% and a net margin of 0.66%. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.09 earnings per share. On average, research analysts forecast that CEVA, Inc. will post 0.22 earnings per share for the current year.

About CEVA

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CEVA, Inc operates as a licensor of wireless connectivity and smart sensing technologies to semiconductor and original equipment manufacturer (OEM) companies worldwide. It designs and licenses various digital signal processors, AI processors, wireless platforms, and complementary software for sensor fusion, image enhancement, computer vision, voice input, and artificial intelligence (AI).

See Also

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Institutional Ownership by Quarter for CEVA (NASDAQ:CEVA)

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