Rice Hall James & Associates LLC raised its position in CEVA, Inc. (NASDAQ:CEVA) by 20.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 625,877 shares of the semiconductor company’s stock after buying an additional 106,191 shares during the period. CEVA accounts for 1.2% of Rice Hall James & Associates LLC’s holdings, making the stock its 11th largest position. Rice Hall James & Associates LLC’s holdings in CEVA were worth $28,446,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of CEVA. BlackRock Inc. raised its stake in shares of CEVA by 149,831.4% in the first quarter. BlackRock Inc. now owns 2,532,342 shares of the semiconductor company’s stock worth $89,898,000 after buying an additional 2,530,653 shares during the period. Vanguard Group Inc. raised its stake in shares of CEVA by 5.1% in the first quarter. Vanguard Group Inc. now owns 1,930,411 shares of the semiconductor company’s stock worth $68,530,000 after buying an additional 94,517 shares during the period. AWM Investment Company Inc. raised its stake in shares of CEVA by 1.6% in the first quarter. AWM Investment Company Inc. now owns 1,125,068 shares of the semiconductor company’s stock worth $39,940,000 after buying an additional 17,658 shares during the period. State Street Corp raised its stake in shares of CEVA by 11.6% in the first quarter. State Street Corp now owns 573,784 shares of the semiconductor company’s stock worth $20,373,000 after buying an additional 59,831 shares during the period. Finally, Pictet Asset Management Ltd. raised its stake in shares of CEVA by 18.5% in the second quarter. Pictet Asset Management Ltd. now owns 508,738 shares of the semiconductor company’s stock worth $21,495,000 after buying an additional 79,500 shares during the period. Institutional investors and hedge funds own 89.66% of the company’s stock.

Shares of CEVA, Inc. (NASDAQ:CEVA) opened at 41.15 on Friday. The stock has a market capitalization of $893.41 million, a P/E ratio of 54.43 and a beta of 0.63. CEVA, Inc. has a 52-week low of $28.15 and a 52-week high of $48.67. The firm has a 50-day moving average price of $45.59 and a 200-day moving average price of $39.74.

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

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A number of analysts recently commented on CEVA shares. BidaskClub lowered CEVA from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 27th. Canaccord Genuity lifted their price target on CEVA from $41.00 to $42.00 and gave the stock a “buy” rating in a report on Tuesday, April 25th. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $42.00 price target (up from $37.00) on shares of CEVA in a report on Friday, May 5th. Roth Capital lifted their price target on CEVA from $47.00 to $53.00 and gave the stock a “buy” rating in a report on Monday, July 31st. Finally, Benchmark Co. lifted their price target on CEVA from $42.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, June 5th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. CEVA currently has an average rating of “Buy” and an average target price of $44.71.

In other news, CEO Gideon Wertheizer sold 898 shares of the business’s 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 sale, the chief executive officer now directly owns 81,783 shares of the company’s stock, valued at $3,455,331.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Peter Mcmanamon sold 28,000 shares of the business’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $42.74, for a total transaction of $1,196,720.00. Following the sale, the director now directly owns 277,973 shares in the company, valued at $11,880,566.02. The disclosure for this sale can be found here. Insiders have sold 54,762 shares of company stock worth $2,336,245 over the last three months. Corporate insiders own 3.90% of the company’s stock.

About CEVA

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).

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Institutional Ownership by Quarter for CEVA (NASDAQ:CEVA)

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