9,600 Shares in CEVA, Inc. (NASDAQ:CEVA) Purchased by Versor Investments LP

Versor Investments LP acquired a new position in shares of CEVA, Inc. (NASDAQ:CEVAGet Rating) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 9,600 shares of the semiconductor company’s stock, valued at approximately $252,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Inspire Investing LLC increased its position in CEVA by 6.3% during the 2nd quarter. Inspire Investing LLC now owns 7,571 shares of the semiconductor company’s stock worth $254,000 after purchasing an additional 450 shares in the last quarter. Texas Permanent School Fund increased its position in CEVA by 3.0% during the 2nd quarter. Texas Permanent School Fund now owns 16,774 shares of the semiconductor company’s stock worth $563,000 after purchasing an additional 487 shares in the last quarter. Select Equity Group L.P. increased its position in CEVA by 6.7% during the 1st quarter. Select Equity Group L.P. now owns 8,604 shares of the semiconductor company’s stock worth $350,000 after purchasing an additional 540 shares in the last quarter. Captrust Financial Advisors increased its position in CEVA by 36.5% during the 1st quarter. Captrust Financial Advisors now owns 2,129 shares of the semiconductor company’s stock worth $87,000 after purchasing an additional 569 shares in the last quarter. Finally, Mutual of America Capital Management LLC boosted its stake in CEVA by 17.8% in the 2nd quarter. Mutual of America Capital Management LLC now owns 3,898 shares of the semiconductor company’s stock worth $131,000 after buying an additional 588 shares during the last quarter. Hedge funds and other institutional investors own 85.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on CEVA shares. Oppenheimer decreased their price target on CEVA from $58.00 to $32.00 in a research note on Thursday, November 10th. TheStreet lowered CEVA from a “c” rating to a “d+” rating in a research note on Wednesday, November 9th. Barclays decreased their price target on CEVA from $49.00 to $35.00 and set an “overweight” rating on the stock in a research note on Friday, November 11th. Cowen decreased their price target on CEVA from $38.00 to $30.00 in a research note on Thursday, November 10th. Finally, Cowen decreased their price target on CEVA from $38.00 to $30.00 in a research note on Thursday, November 10th.

CEVA Price Performance

NASDAQ CEVA opened at $27.59 on Tuesday. The firm has a market capitalization of $639.76 million, a P/E ratio of -30.32, a P/E/G ratio of 29.38 and a beta of 1.04. CEVA, Inc. has a 1-year low of $23.71 and a 1-year high of $42.25. The business’s 50-day simple moving average is $27.09 and its 200-day simple moving average is $29.51.

CEVA (NASDAQ:CEVAGet Rating) last released its quarterly earnings data on Wednesday, November 9th. The semiconductor company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.01). The firm had revenue of $33.70 million during the quarter, compared to analyst estimates of $35.30 million. CEVA had a negative net margin of 15.70% and a positive return on equity of 2.02%. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.05 earnings per share. On average, equities research analysts expect that CEVA, Inc. will post 0.17 EPS for the current fiscal year.

CEVA Profile

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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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