CEVA, Inc. (CEVA) EVP Issachar Ohana Sells 1,965 Shares of Stock
CEVA, Inc. (NASDAQ:CEVA) EVP Issachar Ohana sold 1,965 shares of the firm’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $50.10, for a total transaction of $98,446.50. Following the transaction, the executive vice president now directly owns 28,289 shares in the company, valued at $1,417,278.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
CEVA, Inc. (CEVA) traded down $0.70 during midday trading on Wednesday, hitting $50.40. 183,500 shares of the stock traded hands, compared to its average volume of 165,792. CEVA, Inc. has a one year low of $29.00 and a one year high of $51.80. The company has a market capitalization of $1,120.00, a price-to-earnings ratio of 55.67, a P/E/G ratio of 3.25 and a beta of 0.77.
CEVA (NASDAQ:CEVA) last posted its quarterly earnings results on Wednesday, November 1st. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.08. CEVA had a net margin of 21.89% and a return on equity of 9.02%. The company had revenue of $24.00 million for the quarter, compared to analyst estimates of $21.56 million. During the same quarter in the previous year, the firm posted $0.24 earnings per share. The company’s quarterly revenue was up 34.1% compared to the same quarter last year. analysts forecast that CEVA, Inc. will post 0.77 earnings per share for the current year.
Several analysts have commented on CEVA shares. BidaskClub raised shares of CEVA from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 3rd. Canaccord Genuity lifted their price objective on shares of CEVA from $45.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Finally, Zacks Investment Research raised shares of CEVA from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research report on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $46.71.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Pinebridge Investments L.P. raised its position in shares of CEVA by 2.2% in the second quarter. Pinebridge Investments L.P. now owns 2,831 shares of the semiconductor company’s stock valued at $128,000 after purchasing an additional 62 shares during the period. US Bancorp DE grew its stake in CEVA by 9.2% during the second quarter. US Bancorp DE now owns 3,727 shares of the semiconductor company’s stock valued at $169,000 after acquiring an additional 313 shares in the last quarter. Victory Capital Management Inc. grew its stake in CEVA by 17.6% during the second quarter. Victory Capital Management Inc. now owns 3,821 shares of the semiconductor company’s stock valued at $174,000 after acquiring an additional 572 shares in the last quarter. State of Alaska Department of Revenue grew its stake in CEVA by 80.3% during the second quarter. State of Alaska Department of Revenue now owns 4,237 shares of the semiconductor company’s stock valued at $192,000 after acquiring an additional 1,887 shares in the last quarter. Finally, Piedmont Investment Advisors LLC purchased a new position in CEVA during the second quarter valued at approximately $211,000. 86.53% of the stock is currently owned by institutional investors.
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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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