SG Americas Securities LLC Reduces Holdings in CEVA, Inc. (NASDAQ:CEVA)

SG Americas Securities LLC trimmed its stake in CEVA, Inc. (NASDAQ:CEVA) by 70.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,581 shares of the semiconductor company’s stock after selling 8,693 shares during the period. SG Americas Securities LLC’s holdings in CEVA were worth $113,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of CEVA. US Bancorp DE grew its position in shares of CEVA by 125.8% in the 3rd 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 during the last quarter. GAMMA Investing LLC boosted its stake in CEVA by 338.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,457 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 1,125 shares during the period. Point72 DIFC Ltd boosted its stake in CEVA by 16.8% during the 3rd quarter. Point72 DIFC Ltd now owns 2,632 shares of the semiconductor company’s stock worth $64,000 after purchasing an additional 378 shares during the period. FMR LLC boosted its stake in CEVA by 56.4% during the 3rd quarter. FMR LLC now owns 3,409 shares of the semiconductor company’s stock worth $82,000 after purchasing an additional 1,230 shares during the period. Finally, Aigen Investment Management LP acquired a new stake in CEVA during the 3rd quarter worth $213,000. 85.37% of the stock is owned by hedge funds and other institutional investors.

CEVA Stock Down 1.3 %

Shares of NASDAQ CEVA opened at $31.72 on Thursday. CEVA, Inc. has a 52 week low of $16.02 and a 52 week high of $34.71. The firm has a 50-day moving average price of $32.41 and a 200 day moving average price of $27.19. The stock has a market capitalization of $749.54 million, a price-to-earnings ratio of -226.56 and a beta of 1.25.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CEVA. Roth Mkm increased 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. StockNews.com cut shares of CEVA from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Rosenblatt Securities restated a “buy” rating and issued a $35.00 target price on shares of CEVA in a research note on Tuesday. Finally, Northland Securities raised their target price on shares of CEVA from $31.00 to $35.00 and gave the stock an “outperform” rating in a research note on Monday, December 23rd. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, CEVA presently has an average rating of “Moderate Buy” and a consensus target price of $34.20.

About CEVA

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.