D.A. Davidson & CO. Acquires 4,417 Shares of CEVA, Inc. (NASDAQ:CEVA)

D.A. Davidson & CO. lifted its holdings in CEVA, Inc. (NASDAQ:CEVA) by 7.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 60,014 shares of the semiconductor company’s stock after purchasing an additional 4,417 shares during the period. D.A. Davidson & CO.’s holdings in CEVA were worth $1,893,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CEVA. US Bancorp DE lifted its stake in shares of CEVA by 125.8% in the 3rd quarter. US Bancorp DE now owns 1,398 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 779 shares during the period. Point72 DIFC Ltd lifted its stake in shares of CEVA by 16.8% in the 3rd quarter. Point72 DIFC Ltd now owns 2,632 shares of the semiconductor company’s stock worth $64,000 after purchasing an additional 378 shares during the period. GAMMA Investing LLC lifted its stake in shares of CEVA by 63.3% in the 4th quarter. GAMMA Investing LLC now owns 2,379 shares of the semiconductor company’s stock worth $75,000 after purchasing an additional 922 shares during the period. FMR LLC lifted its stake in shares of CEVA by 56.4% in the 3rd quarter. FMR LLC now owns 3,409 shares of the semiconductor company’s stock worth $82,000 after purchasing an additional 1,230 shares during the period. Finally, Aigen Investment Management LP bought a new position in shares of CEVA in the 3rd quarter worth approximately $213,000. Institutional investors own 85.37% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CEVA. Northland Securities increased their price objective on shares of CEVA from $31.00 to $35.00 and gave the stock an “outperform” rating in a research note on Monday, December 23rd. Barclays raised their target price on shares of CEVA from $34.00 to $40.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. StockNews.com cut shares of CEVA from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Rosenblatt Securities restated a “buy” rating and set a $35.00 target price on shares of CEVA in a research note on Tuesday, February 11th. Finally, 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. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $36.60.

CEVA Price Performance

CEVA stock opened at $34.49 on Friday. The stock has a market cap of $815.00 million, a P/E ratio of -93.21 and a beta of 1.25. CEVA, Inc. has a 1 year low of $16.02 and a 1 year high of $37.75. The firm’s 50 day moving average price is $32.93 and its 200-day moving average price is $28.06.

CEVA (NASDAQ:CEVA) last released its quarterly earnings data on Thursday, February 13th. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.16). CEVA had a negative net margin of 8.22% and a negative return on equity of 2.48%. As a group, equities analysts expect that CEVA, Inc. will post -0.12 EPS for the current year.

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.