Teachers Retirement System of The State of Kentucky held its position in shares of CEVA, Inc. (NASDAQ:CEVA) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,200 shares of the semiconductor company’s stock at the end of the first quarter. Teachers Retirement System of The State of Kentucky’s holdings in CEVA were worth $185,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in CEVA. Comerica Bank boosted its position in shares of CEVA by 4.3% in the first quarter. Comerica Bank now owns 23,440 shares of the semiconductor company’s stock worth $860,000 after buying an additional 967 shares during the period. Skylands Capital LLC acquired a new position in shares of CEVA during the first quarter worth $1,727,000. State of Tennessee Treasury Department boosted its position in shares of CEVA by 18.1% in the first quarter. State of Tennessee Treasury Department now owns 19,358 shares of the semiconductor company’s stock worth $687,000 after buying an additional 2,972 shares during the period. Pictet Asset Management Ltd. acquired a new position in shares of CEVA during the first quarter worth $15,238,000. Finally, LS Investment Advisors LLC boosted its position in shares of CEVA by 313.4% in the first quarter. LS Investment Advisors LLC now owns 2,935 shares of the semiconductor company’s stock worth $104,000 after buying an additional 2,225 shares during the period. 89.66% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CEVA, Inc. (NASDAQ CEVA) traded down 0.36% during mid-day trading on Friday, hitting $41.00. 112,589 shares of the company were exchanged. The stock has a market cap of $900.52 million, a PE ratio of 54.23 and a beta of 0.63. The stock’s 50-day moving average price is $45.43 and its 200 day moving average price is $39.79. CEVA, Inc. has a 12-month low of $28.15 and a 12-month high of $48.67.

CEVA (NASDAQ:CEVA) last posted its quarterly earnings data on Thursday, August 3rd. The semiconductor company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.01. CEVA had a return on equity of 8.24% and a net margin of 20.52%. The company had revenue of $20.57 million during the quarter, compared to analysts’ expectations of $19.66 million. During the same period in the prior year, the business earned $0.21 earnings per share. CEVA’s revenue for the quarter was up 20.3% compared to the same quarter last year. On average, equities analysts anticipate that CEVA, Inc. will post $1.14 EPS for the current fiscal year.

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A number of research analysts have weighed in on CEVA shares. Canaccord Genuity lifted their price target on shares of CEVA from $45.00 to $54.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $42.00 price target (up from $37.00) on shares of CEVA in a research report on Friday, May 5th. BidaskClub lowered shares of CEVA from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 27th. Benchmark Co. lifted their price objective on shares of CEVA from $42.00 to $50.00 and gave the company a “buy” rating in a research note on Monday, June 5th. Finally, Roth Capital lifted their price objective on shares of CEVA from $47.00 to $53.00 and gave the company 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 given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $44.71.

In related news, Director Peter Mcmanamon sold 1,497 shares of the company’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $45.00, for a total value of $67,365.00. Following the completion of the transaction, the director now directly owns 264,054 shares in the company, valued at $11,882,430. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gideon Wertheizer sold 898 shares of the company’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $42.25, for a total value of $37,940.50. Following the completion of the transaction, the chief executive officer now owns 81,783 shares of the company’s stock, valued at $3,455,331.75. The disclosure for this sale can be found here. Insiders sold 54,762 shares of company stock valued at $2,336,245 over the last 90 days. 3.90% of the stock is currently owned by corporate insiders.

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).

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Institutional Ownership by Quarter for CEVA (NASDAQ:CEVA)

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