Fmr LLC Grows Position in CEVA, Inc. (NASDAQ:CEVA)

Fmr LLC raised its holdings in shares of CEVA, Inc. (NASDAQ:CEVA) by 56.4% during the third quarter, according to its most recent filing with the SEC. The firm owned 3,409 shares of the semiconductor company’s stock after purchasing an additional 1,230 shares during the period. Fmr LLC’s holdings in CEVA were worth $82,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. D.A. Davidson & CO. purchased a new position in CEVA during the third quarter valued at approximately $1,343,000. The Manufacturers Life Insurance Company bought a new stake in CEVA during the 3rd quarter valued at $220,000. Centaurus Financial Inc. increased its holdings in shares of CEVA by 2.5% in the 3rd quarter. Centaurus Financial Inc. now owns 18,083 shares of the semiconductor company’s stock valued at $437,000 after acquiring an additional 433 shares during the period. Algert Global LLC raised its position in shares of CEVA by 35.2% in the 3rd quarter. Algert Global LLC now owns 18,843 shares of the semiconductor company’s stock worth $455,000 after acquiring an additional 4,910 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of CEVA by 8.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 222,962 shares of the semiconductor company’s stock worth $5,385,000 after purchasing an additional 16,463 shares during the last quarter. Institutional investors own 85.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on CEVA shares. Roth Mkm boosted their target price on shares of CEVA from $25.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, November 8th. StockNews.com lowered shares of CEVA from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Northland Securities raised their target price on shares of CEVA from $31.00 to $35.00 and gave the company an “outperform” rating in a research note on Monday. Finally, Rosenblatt Securities upped their price target on CEVA from $28.00 to $35.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $34.20.

CEVA Price Performance

CEVA stock opened at $31.82 on Tuesday. The stock has a market capitalization of $751.81 million, a PE ratio of -227.27 and a beta of 1.27. The business has a 50 day simple moving average of $28.03 and a 200-day simple moving average of $23.90. CEVA, Inc. has a 12 month low of $16.02 and a 12 month high of $33.44.

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.