US Bancorp DE Boosts Stock Position in CEVA, Inc. (NASDAQ:CEVA)

US Bancorp DE raised its position in shares of CEVA, Inc. (NASDAQ:CEVA) by 125.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,398 shares of the semiconductor company’s stock after acquiring an additional 779 shares during the quarter. US Bancorp DE’s holdings in CEVA were worth $34,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CEVA. Swiss National Bank raised its position in shares of CEVA by 5.0% during the 1st quarter. Swiss National Bank now owns 46,500 shares of the semiconductor company’s stock valued at $1,056,000 after buying an additional 2,200 shares during the period. State Board of Administration of Florida Retirement System acquired a new stake in CEVA in the 1st quarter valued at about $245,000. Vanguard Group Inc. increased its position in shares of CEVA by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 2,969,107 shares of the semiconductor company’s stock valued at $67,428,000 after purchasing an additional 62,734 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in CEVA by 1,693.8% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 321,602 shares of the semiconductor company’s stock worth $7,284,000 after buying an additional 303,673 shares during the last quarter. Finally, Tidal Investments LLC acquired a new stake in CEVA during the first quarter worth approximately $423,000. Institutional investors and hedge funds own 85.37% of the company’s stock.

CEVA Price Performance

CEVA stock opened at $27.44 on Tuesday. CEVA, Inc. has a 12 month low of $16.02 and a 12 month high of $30.00. The stock’s 50-day moving average is $24.71 and its 200-day moving average is $21.98. The company has a market cap of $648.41 million, a price-to-earnings ratio of -192.91 and a beta of 1.20.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Oppenheimer raised their price objective on shares of CEVA from $29.00 to $33.00 and gave the stock an “outperform” rating in a research report on Thursday, August 8th. StockNews.com lowered CEVA from a “buy” rating to a “hold” rating in a research note on Friday. Rosenblatt Securities increased their price target on shares of CEVA from $28.00 to $35.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Finally, Roth Mkm raised their price target on shares of CEVA from $25.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, CEVA has a consensus rating of “Moderate Buy” and an average target price of $34.00.

CEVA Profile

CEVA, Inc provides silicon and software IP solutions to semiconductor and original equipment manufacturer (OEM) companies worldwide. Its 5G mobile and infrastructure products include Ceva-XC vector digital signal processors (DSPs) for 5G handsets, 5G RAN, and general-purpose baseband processing; PentaG-RAN, an open ran platform for base station and radio; and PentaG2 – 5G NR modem platform for UE, as well as for non-handset 5G vertical markets, such as fixed wireless access, industry 4.0, robotics, and AR/VR devices.