New York State Teachers Retirement System Has $1.22 Million Holdings in CEVA, Inc. (NASDAQ:CEVA)

New York State Teachers Retirement System cut its stake in CEVA, Inc. (NASDAQ:CEVA) by 3.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 38,560 shares of the semiconductor company’s stock after selling 1,400 shares during the period. New York State Teachers Retirement System owned approximately 0.16% of CEVA worth $1,217,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CEVA. Point72 DIFC Ltd lifted its position 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 buying an additional 378 shares in the last quarter. Centaurus Financial Inc. lifted its position in CEVA by 2.5% during the 3rd quarter. Centaurus Financial Inc. now owns 18,083 shares of the semiconductor company’s stock worth $437,000 after buying an additional 433 shares in the last quarter. US Bancorp DE lifted its position in CEVA by 125.8% during 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 in the last quarter. Tidal Investments LLC lifted its position in CEVA by 4.6% during the 3rd quarter. Tidal Investments LLC now owns 18,260 shares of the semiconductor company’s stock worth $441,000 after buying an additional 808 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in CEVA by 63.3% during the 4th quarter. GAMMA Investing LLC now owns 2,379 shares of the semiconductor company’s stock worth $75,000 after buying an additional 922 shares in the last quarter. 85.37% of the stock is owned by institutional investors and hedge funds.

CEVA Stock Down 5.7 %

CEVA stock opened at $34.49 on Monday. The firm has a market cap of $815.00 million, a price-to-earnings ratio of -93.21 and a beta of 1.25. CEVA, Inc. has a 12-month low of $16.02 and a 12-month high of $37.75. The company’s fifty day simple moving average is $32.93 and its 200 day simple moving average is $28.12.

CEVA (NASDAQ:CEVA) last released its earnings results on Thursday, February 13th. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.16). CEVA had a negative net margin of 8.22% and a negative return on equity of 2.48%. Research analysts expect that CEVA, Inc. will post -0.12 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CEVA shares. Northland Securities upped their target price on shares of CEVA from $31.00 to $35.00 and gave the company an “outperform” rating in a report on Monday, December 23rd. Barclays upped their target price on shares of CEVA from $34.00 to $40.00 and gave the company an “overweight” rating in a report on Friday, February 14th. StockNews.com cut shares of CEVA from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $35.00 target price on shares of CEVA in a report on Tuesday, February 11th. Finally, Roth Mkm upped their target price on shares of CEVA from $25.00 to $40.00 and gave the company a “buy” rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.60.

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.