Creative Planning Makes New $503,000 Investment in CEVA, Inc. (NASDAQ:CEVA)

Creative Planning acquired a new position in shares of CEVA, Inc. (NASDAQ:CEVA) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 20,840 shares of the semiconductor company’s stock, valued at approximately $503,000. Creative Planning owned about 0.09% of CEVA at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CEVA. CANADA LIFE ASSURANCE Co grew its position in shares of CEVA by 1,693.8% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 321,602 shares of the semiconductor company’s stock worth $7,284,000 after buying an additional 303,673 shares during the period. Acadian Asset Management LLC grew its position in shares of CEVA by 67.9% during the 1st quarter. Acadian Asset Management LLC now owns 523,614 shares of the semiconductor company’s stock worth $11,887,000 after buying an additional 211,697 shares during the period. Vanguard Group Inc. grew its position in shares of CEVA by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 2,969,107 shares of the semiconductor company’s stock worth $67,428,000 after buying an additional 62,734 shares during the period. Squarepoint Ops LLC acquired a new position in shares of CEVA during the 2nd quarter worth about $892,000. Finally, Dimensional Fund Advisors LP grew its position in shares of CEVA by 5.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 835,131 shares of the semiconductor company’s stock worth $16,110,000 after buying an additional 44,502 shares during the period. 85.37% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CEVA. Rosenblatt Securities restated a “buy” rating and set a $28.00 target price on shares of CEVA in a research report on Thursday, October 31st. StockNews.com lowered CEVA from a “buy” rating to a “hold” rating in a research report on Wednesday, August 21st. Oppenheimer boosted their price objective on CEVA from $29.00 to $33.00 and gave the company an “outperform” rating in a research report on Thursday, August 8th. Finally, Roth Mkm upgraded CEVA from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $20.00 to $25.00 in a research report on Thursday, August 8th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $28.50.

CEVA Stock Up 1.1 %

NASDAQ:CEVA opened at $23.91 on Wednesday. CEVA, Inc. has a twelve month low of $16.02 and a twelve month high of $25.74. The business has a 50 day moving average price of $24.01 and a two-hundred day moving average price of $21.54. The company has a market cap of $566.43 million, a P/E ratio of -82.45 and a beta of 1.20.

CEVA (NASDAQ:CEVA) last released its quarterly earnings results on Wednesday, August 7th. The semiconductor company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.14. CEVA had a negative return on equity of 3.77% and a negative net margin of 7.02%. The firm had revenue of $28.44 million during the quarter, compared to the consensus estimate of $24.47 million. As a group, analysts anticipate that CEVA, Inc. will post -0.31 earnings per share for the current fiscal year.

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.