CEVA, Inc. (CEVA) Position Reduced by Renaissance Technologies LLC

Renaissance Technologies LLC decreased its position in CEVA, Inc. (NASDAQ:CEVA) by 5.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 165,000 shares of the semiconductor company’s stock after selling 9,700 shares during the period. Renaissance Technologies LLC owned 0.77% of CEVA worth $5,858,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Louisiana State Employees Retirement System increased its position in shares of CEVA by 1.2% in the first quarter. Louisiana State Employees Retirement System now owns 8,600 shares of the semiconductor company’s stock worth $305,000 after buying an additional 100 shares during the last quarter. Arizona State Retirement System boosted its stake in CEVA by 1.8% in the first quarter. Arizona State Retirement System now owns 11,086 shares of the semiconductor company’s stock valued at $394,000 after buying an additional 200 shares during the period. First Trust Advisors LP boosted its stake in CEVA by 4.1% in the first quarter. First Trust Advisors LP now owns 6,539 shares of the semiconductor company’s stock valued at $232,000 after buying an additional 258 shares during the period. Mason Street Advisors LLC boosted its stake in CEVA by 7.0% in the first quarter. Mason Street Advisors LLC now owns 4,965 shares of the semiconductor company’s stock valued at $176,000 after buying an additional 326 shares during the period. Finally, Stifel Financial Corp boosted its stake in CEVA by 3.5% in the first quarter. Stifel Financial Corp now owns 12,749 shares of the semiconductor company’s stock valued at $453,000 after buying an additional 427 shares during the period. Hedge funds and other institutional investors own 90.16% of the company’s stock.

Shares of CEVA, Inc. (NASDAQ:CEVA) traded up 0.37% during trading on Friday, reaching $40.70. The company had a trading volume of 66,245 shares. CEVA, Inc. has a 52-week low of $28.15 and a 52-week high of $48.67. The stock has a 50 day moving average of $44.69 and a 200 day moving average of $40.00. The stock has a market capitalization of $893.93 million, a price-to-earnings ratio of 53.84 and a beta of 0.63.

CEVA (NASDAQ:CEVA) last issued its earnings results on Thursday, August 3rd. The semiconductor company reported $0.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.01. CEVA had a net margin of 20.52% and a return on equity of 8.24%. The firm had revenue of $20.57 million during the quarter, compared to the consensus estimate of $19.66 million. During the same quarter in the prior year, the firm earned $0.21 earnings per share. The business’s quarterly revenue was up 20.3% on a year-over-year basis. Equities research analysts forecast that CEVA, Inc. will post $1.14 EPS for the current year.

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Several equities research analysts have issued reports on CEVA shares. Canaccord Genuity raised their target price on CEVA from $41.00 to $42.00 and gave the stock a “buy” rating in a research note on Tuesday, April 25th. Benchmark Co. lifted their price objective on CEVA from $42.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, June 5th. Oppenheimer Holdings, Inc. boosted their target price on CEVA from $37.00 to $42.00 and gave the stock an “outperform” rating in a research note on Monday, May 15th. BidaskClub cut CEVA from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 27th. Finally, Roth Capital boosted their target price on CEVA from $47.00 to $53.00 and gave the stock a “buy” rating in a research note on Monday, July 31st. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $44.71.

In other news, CEO Gideon Wertheizer sold 898 shares of the stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $42.25, for a total transaction of $37,940.50. Following the completion of the sale, the chief executive officer now owns 81,783 shares of the company’s stock, valued at $3,455,331.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sven Christer Nilsson sold 9,172 shares of the stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $42.38, for a total transaction of $388,709.36. Following the sale, the director now directly owns 24,132 shares of the company’s stock, valued at approximately $1,022,714.16. The disclosure for this sale can be found here. Insiders sold 15,467 shares of company stock valued at $659,375 in the last ninety days. Insiders own 3.90% of the company’s stock.

CEVA Company Profile

CEVA, Inc (CEVA) is a licensor of signal processing intellectual property (IP). The Company partners with semiconductor companies and original equipment manufacturers (OEMs) to create connected devices for a range of end markets, including mobile, consumer, automotive, industrial and Internet of things (IoT).

Institutional Ownership by Quarter for CEVA (NASDAQ:CEVA)

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