Capitolis Liquid Global Markets LLC Boosts Position in Ceva, Inc. $CEVA

Capitolis Liquid Global Markets LLC increased its position in shares of Ceva, Inc. (NASDAQ:CEVA) by 38.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 492,725 shares of the semiconductor company’s stock after acquiring an additional 137,800 shares during the quarter. Capitolis Liquid Global Markets LLC’s holdings in Ceva were worth $13,013,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. ProShare Advisors LLC increased its position in Ceva by 5.1% during the second quarter. ProShare Advisors LLC now owns 9,853 shares of the semiconductor company’s stock worth $217,000 after purchasing an additional 479 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Ceva by 4.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,465 shares of the semiconductor company’s stock valued at $514,000 after purchasing an additional 775 shares during the last quarter. Illinois Municipal Retirement Fund boosted its holdings in Ceva by 8.7% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 12,093 shares of the semiconductor company’s stock valued at $319,000 after purchasing an additional 968 shares during the last quarter. Prudential Financial Inc. grew its stake in shares of Ceva by 6.0% in the 2nd quarter. Prudential Financial Inc. now owns 25,241 shares of the semiconductor company’s stock valued at $555,000 after buying an additional 1,418 shares during the period. Finally, State of Wyoming purchased a new stake in shares of Ceva in the 3rd quarter valued at approximately $39,000. Hedge funds and other institutional investors own 85.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on CEVA shares. UBS Group began coverage on shares of Ceva in a research report on Wednesday, February 25th. They set a “buy” rating and a $27.00 price target on the stock. Stifel Nicolaus started coverage on Ceva in a research report on Tuesday, February 10th. They issued a “buy” rating and a $30.00 price objective for the company. Oppenheimer reissued an “outperform” rating and set a $30.00 target price (down from $33.00) on shares of Ceva in a research note on Wednesday, February 18th. Rosenblatt Securities restated a “buy” rating and issued a $40.00 target price on shares of Ceva in a research report on Thursday. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ceva in a research note on Friday, January 9th. Six equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Ceva currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.67.

Ceva Price Performance

Shares of NASDAQ:CEVA opened at $18.24 on Friday. The firm has a market capitalization of $506.23 million, a PE ratio of -42.42 and a beta of 1.49. Ceva, Inc. has a 1 year low of $17.92 and a 1 year high of $31.28. The firm’s 50-day moving average is $21.59 and its two-hundred day moving average is $23.38.

Ceva (NASDAQ:CEVA) last posted its quarterly earnings data on Tuesday, February 17th. The semiconductor company reported $0.18 EPS for the quarter, meeting the consensus estimate of $0.18. The business had revenue of $31.29 million during the quarter, compared to analyst estimates of $31.03 million. Ceva had a negative net margin of 9.71% and a negative return on equity of 3.15%. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.11 earnings per share. Analysts expect that Ceva, Inc. will post -0.12 EPS for the current fiscal year.

Ceva Profile

Ceva, Inc (NASDAQ: CEVA) is a leading licensor of signal processing IP cores and platforms that enable intelligent, connected devices. The company designs a broad portfolio of digital signal processing (DSP) and AI processors, software development toolkits and reference frameworks for applications ranging from 5G wireless communications and Bluetooth connectivity to audio, computer vision, sensor fusion and edge AI. Its solutions target a variety of end markets including smartphones, automotive, IoT devices, smart home, industrial automation and wearable electronics.

Founded in 1999 as a spin-off from DSP Group, Ceva has built its reputation on delivering modular, power-efficient IP that can be customized to meet stringent performance, area and power requirements.