GSA Capital Partners LLP Makes New Investment in Ceva, Inc. $CEVA

GSA Capital Partners LLP bought a new stake in Ceva, Inc. (NASDAQ:CEVA) during the 2nd quarter, Holdings Channel reports. The firm bought 32,060 shares of the semiconductor company’s stock, valued at approximately $1,512,000.

A number of other institutional investors have also modified their holdings of CEVA. Silverberg Bernstein Capital Management LLC raised its stake in shares of Ceva by 0.3% during the first quarter. Silverberg Bernstein Capital Management LLC now owns 140,617 shares of the semiconductor company’s stock worth $2,627,000 after purchasing an additional 470 shares during the last quarter. Centaurus Financial Inc. grew its position in Ceva by 2.6% in the 3rd quarter. Centaurus Financial Inc. now owns 21,905 shares of the semiconductor company’s stock valued at $579,000 after buying an additional 550 shares during the last quarter. Hantz Financial Services Inc. grew its position in Ceva by 77.6% in the 4th quarter. Hantz Financial Services Inc. now owns 1,446 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 632 shares during the last quarter. Sanctuary Advisors LLC increased its stake in Ceva by 7.1% in the 4th quarter. Sanctuary Advisors LLC now owns 10,230 shares of the semiconductor company’s stock valued at $220,000 after buying an additional 674 shares during the period. Finally, Rice Hall James & Associates LLC increased its stake in Ceva by 0.3% in the 4th quarter. Rice Hall James & Associates LLC now owns 403,756 shares of the semiconductor company’s stock valued at $8,689,000 after buying an additional 1,234 shares during the period. Institutional investors and hedge funds own 85.37% of the company’s stock.

Wall Street Analysts Forecast Growth

CEVA has been the subject of a number of analyst reports. JPMorgan Chase & Co. began coverage on shares of Ceva in a research report on Friday, May 8th. They set a “neutral” rating and a $30.00 price objective for the company. Stifel Nicolaus boosted their price target on shares of Ceva from $42.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Benchmark reissued a “hold” rating on shares of Ceva in a report on Tuesday, August 11th. UBS Group raised their price objective on shares of Ceva from $42.00 to $48.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Finally, Roth Capital reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Ceva in a report on Monday, May 11th. Nine analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Ceva presently has an average rating of “Moderate Buy” and a consensus price target of $40.60.

Ceva Stock Performance

CEVA stock opened at $33.28 on Monday. The company’s 50-day moving average price is $40.42 and its 200 day moving average price is $31.11. Ceva, Inc. has a 52 week low of $17.02 and a 52 week high of $51.60. The company has a market cap of $936.83 million, a P/E ratio of -83.20 and a beta of 1.99.

Ceva (NASDAQ:CEVA) last issued its earnings results on Monday, August 10th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. Ceva had a negative net margin of 9.48% and a negative return on equity of 3.15%. The company had revenue of $29.03 million during the quarter, compared to analysts’ expectations of $28.19 million. During the same period last year, the company posted $0.07 earnings per share. The firm’s quarterly revenue was up 13.0% compared to the same quarter last year. On average, equities research analysts expect that Ceva, Inc. will post -0.2 earnings per share for the current year.

Ceva Company Profile

Ceva, Inc (NASDAQ: CEVA) is a leading licensor of signal processing IP cores and platforms that enable intelligent, connected devices. The company designs a broad portfolio of digital signal processing (DSP) and AI processors, software development toolkits and reference frameworks for applications ranging from 5G wireless communications and Bluetooth connectivity to audio, computer vision, sensor fusion and edge AI. Its solutions target a variety of end markets including smartphones, automotive, IoT devices, smart home, industrial automation and wearable electronics.

Founded in 1999 as a spin-off from DSP Group, Ceva has built its reputation on delivering modular, power-efficient IP that can be customized to meet stringent performance, area and power requirements.