Legal & General Group Plc boosted its holdings in CEVA, Inc. (NASDAQ:CEVA) by 10.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 38,788 shares of the semiconductor company’s stock after buying an additional 3,764 shares during the period. Legal & General Group Plc owned approximately 0.18% of CEVA worth $1,764,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of CEVA. Wells Fargo & Company MN increased its position in CEVA by 3.4% in the 1st quarter. Wells Fargo & Company MN now owns 20,052 shares of the semiconductor company’s stock worth $711,000 after buying an additional 668 shares during the period. Great West Life Assurance Co. Can increased its position in CEVA by 4.0% in the 1st quarter. Great West Life Assurance Co. Can now owns 28,154 shares of the semiconductor company’s stock worth $998,000 after buying an additional 1,094 shares during the period. First Trust Advisors LP increased its position in CEVA by 4.1% in the 1st quarter. First Trust Advisors LP now owns 6,539 shares of the semiconductor company’s stock worth $232,000 after buying an additional 258 shares during the period. BNP Paribas Arbitrage SA increased its position in CEVA by 123.5% in the 1st quarter. BNP Paribas Arbitrage SA now owns 10,265 shares of the semiconductor company’s stock worth $364,000 after buying an additional 5,672 shares during the period. Finally, Comerica Bank increased its position in CEVA by 4.3% in the 1st 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. 86.72% of the stock is currently owned by institutional investors.

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In other news, Director Peter Mcmanamon sold 1,497 shares of the stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $45.00, for a total transaction of $67,365.00. Following the transaction, the director now owns 264,054 shares in the company, valued at $11,882,430. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.90% of the stock is currently owned by company insiders.

CEVA has been the topic of a number of research reports. BidaskClub cut CEVA from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Canaccord Genuity boosted their price objective on CEVA from $45.00 to $54.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Roth Capital boosted their price objective on CEVA from $47.00 to $53.00 and gave the company a “buy” rating in a research report on Monday, July 31st. Finally, Benchmark Co. boosted their price objective on CEVA from $42.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, June 5th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $44.71.

Shares of CEVA, Inc. (CEVA) opened at 41.55 on Tuesday. The stock’s 50 day moving average price is $41.79 and its 200-day moving average price is $41.05. CEVA, Inc. has a 52-week low of $28.15 and a 52-week high of $48.67. The company has a market capitalization of $912.60 million, a PE ratio of 54.96 and a beta of 0.66.

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

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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