CEVA, Inc. (NASDAQ:CEVA) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lessened its holdings in shares of CEVA, Inc. (NASDAQ:CEVA) by 4.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,135 shares of the semiconductor company’s stock after selling 431 shares during the quarter. Yousif Capital Management LLC’s holdings in CEVA were worth $288,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. US Bancorp DE grew its position in shares of CEVA by 125.8% during the third 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. Point72 DIFC Ltd boosted its stake in CEVA by 16.8% during the 3rd quarter. Point72 DIFC Ltd now owns 2,632 shares of the semiconductor company’s stock valued at $64,000 after acquiring an additional 378 shares during the last quarter. GAMMA Investing LLC grew its holdings 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 acquiring an additional 922 shares in the last quarter. FMR LLC increased its position in shares of CEVA by 56.4% in the 3rd quarter. FMR LLC now owns 3,409 shares of the semiconductor company’s stock worth $82,000 after purchasing an additional 1,230 shares during the last quarter. Finally, Aigen Investment Management LP acquired a new stake in shares of CEVA in the 3rd quarter valued at about $213,000. 85.37% of the stock is currently owned by hedge funds and other institutional investors.

CEVA Stock Performance

CEVA stock opened at $34.67 on Tuesday. CEVA, Inc. has a 1 year low of $16.02 and a 1 year high of $37.75. The stock has a market capitalization of $819.25 million, a price-to-earnings ratio of -247.63 and a beta of 1.25. The stock’s fifty day moving average is $32.65 and its two-hundred day moving average is $27.60.

CEVA (NASDAQ:CEVA) last posted its earnings results on Thursday, February 13th. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.16). CEVA had a negative net margin of 3.22% and a negative return on equity of 2.69%. As a group, analysts predict that CEVA, Inc. will post -0.25 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Roth Mkm boosted their price objective on CEVA from $25.00 to $40.00 and gave the company a “buy” rating in a report on Friday, November 8th. Rosenblatt Securities reiterated a “buy” rating and issued a $35.00 price target on shares of CEVA in a report on Tuesday, February 11th. StockNews.com cut CEVA from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Barclays boosted their target price on shares of CEVA from $34.00 to $40.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Northland Securities raised their price target on shares of CEVA from $31.00 to $35.00 and gave the stock an “outperform” rating in a research report on Monday, December 23rd. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $36.60.

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.