CEVA, Inc. (NASDAQ:CEVA) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its stake in shares of CEVA, Inc. (NASDAQ:CEVA) by 4.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 112,094 shares of the semiconductor company’s stock after selling 4,963 shares during the quarter. Principal Financial Group Inc. owned about 0.47% of CEVA worth $2,707,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of CEVA by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 2,969,107 shares of the semiconductor company’s stock valued at $67,428,000 after acquiring an additional 62,734 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in CEVA by 5.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 835,131 shares of the semiconductor company’s stock valued at $16,110,000 after purchasing an additional 44,502 shares during the last quarter. Acadian Asset Management LLC grew its stake in shares of CEVA by 8.3% in the 2nd quarter. Acadian Asset Management LLC now owns 566,880 shares of the semiconductor company’s stock valued at $10,931,000 after buying an additional 43,266 shares during the period. Rice Hall James & Associates LLC increased its holdings in shares of CEVA by 5.5% during the 3rd quarter. Rice Hall James & Associates LLC now owns 452,541 shares of the semiconductor company’s stock worth $10,929,000 after buying an additional 23,566 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co raised its position in shares of CEVA by 1,693.8% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 321,602 shares of the semiconductor company’s stock valued at $7,284,000 after buying an additional 303,673 shares during the period. Institutional investors and hedge funds own 85.37% of the company’s stock.

CEVA Trading Up 6.2 %

CEVA opened at $30.44 on Friday. The stock’s 50-day moving average price is $25.05 and its 200 day moving average price is $22.17. CEVA, Inc. has a 12-month low of $16.02 and a 12-month high of $30.81. The firm has a market cap of $719.30 million, a price-to-earnings ratio of -217.41 and a beta of 1.20.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Oppenheimer raised their target price on CEVA from $29.00 to $33.00 and gave the stock an “outperform” rating in a research note on Thursday, August 8th. Rosenblatt Securities raised their price objective on CEVA from $28.00 to $35.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. StockNews.com lowered shares of CEVA from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Finally, Roth Mkm lifted their price target on shares of CEVA from $25.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, November 8th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $34.00.

CEVA Company 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.