Charles Schwab Investment Management Inc. Purchases 3,783 Shares of CEVA, Inc. (NASDAQ:CEVA)

Charles Schwab Investment Management Inc. increased its position in CEVA, Inc. (NASDAQ:CEVA) by 1.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 226,745 shares of the semiconductor company’s stock after acquiring an additional 3,783 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.96% of CEVA worth $7,154,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of CEVA. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of CEVA by 97.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 211,771 shares of the semiconductor company’s stock valued at $5,114,000 after acquiring an additional 104,453 shares during the period. Jane Street Group LLC boosted its position in shares of CEVA by 206.2% in the third quarter. Jane Street Group LLC now owns 137,061 shares of the semiconductor company’s stock valued at $3,310,000 after acquiring an additional 92,295 shares during the period. ArrowMark Colorado Holdings LLC bought a new position in shares of CEVA in the third quarter valued at approximately $2,053,000. D.A. Davidson & CO. bought a new position in shares of CEVA in the third quarter valued at approximately $1,343,000. Finally, JPMorgan Chase & Co. boosted its position in shares of CEVA by 55.9% in the third quarter. JPMorgan Chase & Co. now owns 115,979 shares of the semiconductor company’s stock valued at $2,801,000 after acquiring an additional 41,573 shares during the period. 85.37% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CEVA shares. Rosenblatt Securities reiterated a “buy” rating and set a $35.00 target price on shares of CEVA in a research report on Tuesday, February 11th. Barclays lifted their target price on shares of CEVA from $34.00 to $40.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Finally, Northland Securities lifted their target price on shares of CEVA from $31.00 to $35.00 and gave the company an “outperform” rating in a research report on Monday, December 23rd. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, CEVA presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.60.

Insiders Place Their Bets

In other CEVA news, Director Louis Silver sold 4,520 shares of CEVA stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $30.98, for a total transaction of $140,029.60. Following the transaction, the director now directly owns 47,038 shares of the company’s stock, valued at approximately $1,457,237.24. This trade represents a 8.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.40% of the company’s stock.

CEVA Stock Performance

CEVA stock opened at $28.35 on Monday. The company has a market capitalization of $674.93 million, a PE ratio of -76.62 and a beta of 1.32. CEVA, Inc. has a one year low of $16.02 and a one year high of $38.94. The company’s 50 day moving average price is $32.78 and its two-hundred day moving average price is $29.34.

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

CEVA 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.