CEVA, Inc. (CEVA) Shares Bought by Ranger Investment Management L.P.
Ranger Investment Management L.P. raised its stake in shares of CEVA, Inc. (NASDAQ:CEVA) by 7.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 602,256 shares of the semiconductor company’s stock after purchasing an additional 42,812 shares during the quarter. CEVA makes up about 2.0% of Ranger Investment Management L.P.’s holdings, making the stock its 17th biggest holding. Ranger Investment Management L.P.’s holdings in CEVA were worth $27,794,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently modified their holdings of CEVA. BlackRock Inc. increased its position in CEVA by 2.7% during the 4th quarter. BlackRock Inc. now owns 2,793,672 shares of the semiconductor company’s stock valued at $128,927,000 after purchasing an additional 74,613 shares during the period. Uniplan Investment Counsel Inc. increased its position in CEVA by 64.0% during the 3rd quarter. Uniplan Investment Counsel Inc. now owns 190,120 shares of the semiconductor company’s stock valued at $8,137,000 after purchasing an additional 74,184 shares during the period. Royce & Associates LP increased its position in CEVA by 6,100.0% during the 4th quarter. Royce & Associates LP now owns 62,000 shares of the semiconductor company’s stock valued at $2,861,000 after purchasing an additional 61,000 shares during the period. Assenagon Asset Management S.A. purchased a new position in CEVA during the 4th quarter valued at $2,057,000. Finally, OxFORD Asset Management LLP purchased a new position in CEVA during the 3rd quarter valued at $1,679,000. 90.02% of the stock is currently owned by institutional investors and hedge funds.
CEVA, Inc. (NASDAQ:CEVA) opened at $37.35 on Monday. The stock has a market cap of $829.90, a PE ratio of 49.15, a P/E/G ratio of 2.94 and a beta of 0.88. CEVA, Inc. has a one year low of $32.80 and a one year high of $51.80.
A number of brokerages have issued reports on CEVA. Canaccord Genuity began coverage on shares of CEVA in a research report on Friday, February 9th. They set a “buy” rating and a $50.00 price objective on the stock. Barclays dropped their target price on shares of CEVA from $54.00 to $50.00 and set an “overweight” rating on the stock in a report on Wednesday, February 7th. Oppenheimer cut shares of CEVA from an “outperform” rating to a “hold” rating in a report on Wednesday, January 24th. They noted that the move was a valuation call. BidaskClub cut shares of CEVA from a “hold” rating to a “sell” rating in a report on Monday, February 5th. Finally, TheStreet cut shares of CEVA from a “b” rating to a “c+” rating in a report on Wednesday, February 14th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. CEVA currently has an average rating of “Hold” and a consensus price target of $47.57.
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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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