Charles Schwab Investment Management Inc. Has $5.39 Million Holdings in CEVA, Inc. (NASDAQ:CEVA)

Charles Schwab Investment Management Inc. raised its position in CEVA, Inc. (NASDAQ:CEVA) by 8.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 222,962 shares of the semiconductor company’s stock after buying an additional 16,463 shares during the period. Charles Schwab Investment Management Inc. owned 0.94% of CEVA worth $5,385,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. increased its stake in CEVA by 97.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 211,771 shares of the semiconductor company’s stock valued at $5,114,000 after buying an additional 104,453 shares during the last quarter. GSA Capital Partners LLP bought a new position in shares of CEVA during the 3rd quarter valued at approximately $263,000. American Century Companies Inc. grew its position in shares of CEVA by 18.9% during the 2nd quarter. American Century Companies Inc. now owns 32,168 shares of the semiconductor company’s stock valued at $621,000 after acquiring an additional 5,119 shares during the period. SG Americas Securities LLC bought a new position in shares of CEVA during the 3rd quarter valued at approximately $296,000. Finally, US Bancorp DE boosted its holdings in CEVA by 125.8% in the 3rd quarter. US Bancorp DE now owns 1,398 shares of the semiconductor company’s stock worth $34,000 after buying an additional 779 shares during the period. Hedge funds and other institutional investors own 85.37% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Roth Mkm raised their price objective on shares of CEVA from $25.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, November 8th. StockNews.com downgraded shares of CEVA from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Finally, Rosenblatt Securities raised their price objective 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. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $34.00.

CEVA Stock Down 0.4 %

Shares of NASDAQ:CEVA opened at $32.25 on Friday. The stock has a market cap of $761.97 million, a PE ratio of -230.36 and a beta of 1.27. The company’s fifty day moving average is $27.04 and its 200 day moving average is $23.26. CEVA, Inc. has a 52 week low of $16.02 and a 52 week high of $32.69.

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.