Sanctuary Advisors LLC Takes $233,000 Position in CEVA, Inc. (NASDAQ:CEVA)

Sanctuary Advisors LLC bought a new position in shares of CEVA, Inc. (NASDAQ:CEVA) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,641 shares of the semiconductor company’s stock, valued at approximately $233,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. US Bancorp DE lifted its holdings in shares of CEVA by 125.8% during the third quarter. US Bancorp DE now owns 1,398 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 779 shares during the period. GAMMA Investing LLC raised its holdings in shares of CEVA by 338.9% during the third quarter. GAMMA Investing LLC now owns 1,457 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 1,125 shares during the period. Point72 DIFC Ltd bought a new position in CEVA in the second quarter worth approximately $43,000. nVerses Capital LLC acquired a new stake in CEVA in the 2nd quarter valued at $50,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of CEVA during the second quarter worth about $65,000. 85.37% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CEVA has been the topic of several analyst reports. Northland Securities boosted their price target on shares of CEVA from $31.00 to $35.00 and gave the stock an “outperform” rating in a report on Monday, December 23rd. StockNews.com lowered shares of CEVA from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Roth Mkm upped their price target on CEVA from $25.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Finally, Rosenblatt Securities lifted their price objective on CEVA from $28.00 to $35.00 and gave the company a “buy” rating in a research note on Friday, November 8th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $34.20.

CEVA Price Performance

NASDAQ:CEVA opened at $32.37 on Monday. The business has a fifty day moving average price of $28.66 and a 200-day moving average price of $24.24. The firm has a market capitalization of $764.81 million, a price-to-earnings ratio of -231.20 and a beta of 1.27. CEVA, Inc. has a one year low of $16.02 and a one year high of $33.44.

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.