19,950 Shares in Ceva, Inc. $CEVA Bought by Oakmont Investment Advisors Inc.

Oakmont Investment Advisors Inc. bought a new position in Ceva, Inc. (NASDAQ:CEVA) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 19,950 shares of the semiconductor company’s stock, valued at approximately $705,000. Oakmont Investment Advisors Inc. owned approximately 0.07% of Ceva at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. State of Alaska Department of Revenue bought a new position in shares of Ceva in the third quarter worth $62,000. Tidal Investments LLC boosted its stake in Ceva by 202.0% during the second quarter. Tidal Investments LLC now owns 58,121 shares of the semiconductor company’s stock valued at $2,741,000 after buying an additional 38,876 shares during the period. WINTON GROUP Ltd bought a new stake in Ceva during the second quarter valued at $564,000. Integrated Wealth Concepts LLC bought a new stake in Ceva during the second quarter valued at $52,000. Finally, Arizona State Retirement System purchased a new position in Ceva during the second quarter worth about $352,000. 85.37% of the stock is owned by institutional investors.

Ceva Stock Performance

NASDAQ CEVA opened at $29.78 on Thursday. Ceva, Inc. has a 52-week low of $17.02 and a 52-week high of $51.60. The company has a market capitalization of $838.31 million, a P/E ratio of -74.45 and a beta of 1.93. The company has a fifty day moving average of $30.49 and a 200-day moving average of $34.53.

Ceva (NASDAQ:CEVA) last announced its earnings results on Monday, August 10th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.01. The company had revenue of $29.03 million during the quarter, compared to analyst estimates of $28.19 million. Ceva had a negative net margin of 9.48% and a negative return on equity of 3.15%. The firm’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.07 earnings per share. As a group, analysts forecast that Ceva, Inc. will post -0.17 EPS for the current fiscal year.

Analysts Set New Price Targets

CEVA has been the topic of a number of research analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Ceva in a research note on Friday, October 2nd. Needham & Company LLC lowered their price target on Ceva from $55.00 to $43.00 and set a “buy” rating on the stock in a report on Monday, August 10th. TD Cowen dropped their price target on Ceva from $45.00 to $35.00 and set a “buy” rating for the company in a research report on Monday. Benchmark upgraded shares of Ceva from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 14th. Finally, Stifel Nicolaus raised their target price on shares of Ceva from $42.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Ceva currently has an average rating of “Moderate Buy” and an average target price of $39.60.

Ceva Profile

Ceva, Inc is a semiconductor intellectual property (IP) company that develops and licenses technology used in connected devices. Rather than manufacturing chips, the company provides processor cores, software, and system-level IP that semiconductor companies and original equipment manufacturers can incorporate into their own products.

Its portfolio includes digital signal processor (DSP) cores and platforms for wireless communications, artificial intelligence, computer vision, audio and voice processing, imaging, and sensor applications.