Herald Investment Management Ltd Raises Position in Ceva, Inc. $CEVA

Herald Investment Management Ltd lifted its holdings in shares of Ceva, Inc. (NASDAQ:CEVA) by 12.5% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 450,000 shares of the semiconductor company’s stock after acquiring an additional 50,000 shares during the period. Ceva makes up approximately 1.6% of Herald Investment Management Ltd’s investment portfolio, making the stock its 16th largest holding. Herald Investment Management Ltd’s holdings in Ceva were worth $11,884,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Senvest Management LLC raised its holdings in shares of Ceva by 8.4% in the second quarter. Senvest Management LLC now owns 2,151,632 shares of the semiconductor company’s stock worth $47,293,000 after buying an additional 166,425 shares during the last quarter. AWM Investment Company Inc. lifted its position in Ceva by 8.5% during the 2nd quarter. AWM Investment Company Inc. now owns 667,162 shares of the semiconductor company’s stock worth $14,664,000 after acquiring an additional 52,000 shares during the period. Acadian Asset Management LLC grew its stake in Ceva by 24.0% during the 2nd quarter. Acadian Asset Management LLC now owns 653,013 shares of the semiconductor company’s stock valued at $14,346,000 after purchasing an additional 126,267 shares during the last quarter. Disciplined Growth Investors Inc. MN grew its stake in Ceva by 40.6% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 619,817 shares of the semiconductor company’s stock valued at $13,624,000 after purchasing an additional 179,098 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Ceva by 0.6% in the second quarter. Geode Capital Management LLC now owns 562,133 shares of the semiconductor company’s stock valued at $12,357,000 after purchasing an additional 3,369 shares during the period. 85.37% of the stock is currently owned by institutional investors and hedge funds.

Ceva Trading Up 0.5%

NASDAQ:CEVA opened at $22.67 on Friday. The stock has a 50 day moving average of $22.27 and a two-hundred day moving average of $23.70. The firm has a market cap of $544.49 million, a P/E ratio of -49.28 and a beta of 1.50. Ceva, Inc. has a 12 month low of $18.23 and a 12 month high of $38.94.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Loop Capital began coverage on Ceva in a report on Monday, December 1st. They set a “buy” rating and a $28.00 target price for the company. Stifel Nicolaus started coverage on Ceva in a research note on Tuesday, February 10th. They issued a “buy” rating and a $30.00 target price on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Ceva in a report on Friday, January 9th. Rosenblatt Securities reaffirmed a “buy” rating and set a $40.00 price objective on shares of Ceva in a research note on Tuesday, November 11th. Finally, Barclays increased their price target on shares of Ceva from $30.00 to $35.00 and gave the stock an “overweight” rating in a report on Wednesday, November 12th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $33.20.

About Ceva

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.