GSA Capital Partners LLP Purchases Shares of 10,875 CEVA, Inc. (NASDAQ:CEVA)

GSA Capital Partners LLP acquired a new position in shares of CEVA, Inc. (NASDAQ:CEVA) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 10,875 shares of the semiconductor company’s stock, valued at approximately $263,000.

Other large investors also recently made changes to their positions in the company. US Bancorp DE grew its stake in shares of CEVA by 125.8% in the third quarter. US Bancorp DE now owns 1,398 shares of the semiconductor company’s stock valued at $34,000 after buying an additional 779 shares in the last quarter. GAMMA Investing LLC lifted its holdings in CEVA by 338.9% in the 3rd quarter. GAMMA Investing LLC now owns 1,457 shares of the semiconductor company’s stock worth $35,000 after buying an additional 1,125 shares in the last quarter. Point72 DIFC Ltd acquired a new stake in shares of CEVA during the second quarter valued at about $43,000. nVerses Capital LLC purchased a new stake in shares of CEVA during the second quarter worth about $50,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of CEVA in the second quarter worth about $65,000. Institutional investors and hedge funds own 85.37% of the company’s stock.

Wall Street Analysts Forecast Growth

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

CEVA Stock Up 6.2 %

Shares of CEVA stock opened at $30.44 on Friday. CEVA, Inc. has a 52 week low of $16.02 and a 52 week high of $30.81. The company has a market cap of $719.21 million, a P/E ratio of -217.43 and a beta of 1.20. The business has a 50 day moving average of $25.16 and a two-hundred day moving average of $22.24.

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.