The Manufacturers Life Insurance Company Acquires Shares of 9,111 CEVA, Inc. (NASDAQ:CEVA)

The Manufacturers Life Insurance Company acquired a new position in shares of CEVA, Inc. (NASDAQ:CEVA) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 9,111 shares of the semiconductor company’s stock, valued at approximately $220,000.

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

CEVA Stock Performance

NASDAQ CEVA opened at $33.25 on Tuesday. The stock has a market capitalization of $785.70 million, a P/E ratio of -237.27 and a beta of 1.27. CEVA, Inc. has a 52 week low of $16.02 and a 52 week high of $33.34. The stock has a fifty day moving average of $27.19 and a 200-day moving average of $23.40.

Wall Street Analyst Weigh In

CEVA has been the topic of a number of analyst reports. Rosenblatt Securities upped their target price on shares of CEVA from $28.00 to $35.00 and gave the company a “buy” rating in a research note on Friday, November 8th. StockNews.com lowered shares of CEVA from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Finally, Roth Mkm raised their price objective on shares of CEVA from $25.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $34.00.

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.