State Street Corp Sells 19,647 Shares of CEVA, Inc. (NASDAQ:CEVA)

State Street Corp trimmed its position in CEVA, Inc. (NASDAQ:CEVA) by 1.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,038,983 shares of the semiconductor company’s stock after selling 19,647 shares during the period. State Street Corp owned approximately 4.40% of CEVA worth $25,091,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of CEVA. nVerses Capital LLC acquired a new stake in CEVA in the 2nd quarter valued at approximately $50,000. Acadian Asset Management LLC raised its holdings in shares of CEVA by 8.3% in the second quarter. Acadian Asset Management LLC now owns 566,880 shares of the semiconductor company’s stock valued at $10,931,000 after purchasing an additional 43,266 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of CEVA in the second quarter valued at approximately $395,000. American Century Companies Inc. boosted its holdings in CEVA by 18.9% during the second quarter. American Century Companies Inc. now owns 32,168 shares of the semiconductor company’s stock worth $621,000 after purchasing an additional 5,119 shares during the last quarter. Finally, Cornercap Investment Counsel Inc. acquired a new position in CEVA during the second quarter worth $530,000. 85.37% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CEVA. Roth Mkm boosted their price target on shares of CEVA from $25.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Rosenblatt Securities lifted their target price on CEVA from $28.00 to $35.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Finally, StockNews.com cut 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 stock. According to data from MarketBeat, CEVA presently has an average rating of “Moderate Buy” and a consensus target price of $34.00.

CEVA Price Performance

Shares of CEVA stock opened at $31.11 on Monday. The company has a fifty day moving average price of $27.90 and a two-hundred day moving average price of $23.82. CEVA, Inc. has a one year low of $16.02 and a one year high of $33.44. The stock has a market cap of $735.04 million, a P/E ratio of -222.20 and a beta of 1.27.

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.