CEVA, Inc. (CEVA) Shares Sold by MetLife Investment Advisors LLC

MetLife Investment Advisors LLC reduced its stake in shares of CEVA, Inc. (NASDAQ:CEVA) by 34.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 10,183 shares of the semiconductor company’s stock after selling 5,460 shares during the period. MetLife Investment Advisors LLC’s holdings in CEVA were worth $225,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. D. E. Shaw & Co. Inc. lifted its stake in CEVA by 114.1% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 116,663 shares of the semiconductor company’s stock valued at $2,577,000 after purchasing an additional 62,181 shares during the last quarter. Bank of America Corp DE lifted its stake in CEVA by 79.1% in the fourth quarter. Bank of America Corp DE now owns 15,553 shares of the semiconductor company’s stock valued at $343,000 after purchasing an additional 6,870 shares during the last quarter. Two Sigma Advisers LP lifted its stake in CEVA by 6.3% in the fourth quarter. Two Sigma Advisers LP now owns 104,987 shares of the semiconductor company’s stock valued at $2,319,000 after purchasing an additional 6,189 shares during the last quarter. Baillie Gifford & Co. lifted its stake in CEVA by 3.0% in the fourth quarter. Baillie Gifford & Co. now owns 393,221 shares of the semiconductor company’s stock valued at $8,686,000 after purchasing an additional 11,481 shares during the last quarter. Finally, Lord Abbett & CO. LLC lifted its stake in CEVA by 2.5% in the fourth quarter. Lord Abbett & CO. LLC now owns 90,777 shares of the semiconductor company’s stock valued at $2,005,000 after purchasing an additional 2,213 shares during the last quarter. 88.58% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts recently commented on CEVA shares. ValuEngine downgraded CEVA from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 2nd. BidaskClub upgraded CEVA from a “sell” rating to a “hold” rating in a research note on Thursday, January 17th. Canaccord Genuity reiterated a “buy” rating and issued a $35.00 price objective (down previously from $41.00) on shares of CEVA in a research note on Wednesday, February 13th. Cowen dropped their price objective on CEVA from $35.00 to $33.00 and set an “outperform” rating on the stock in a research note on Thursday, February 14th. Finally, Northland Securities downgraded CEVA from an “outperform” rating to a “market perform” rating and set a $27.00 price objective on the stock. in a research note on Thursday, February 14th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. CEVA currently has an average rating of “Buy” and an average price target of $33.43.

In other CEVA news, EVP Issachar Ohana sold 6,670 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $28.00, for a total transaction of $186,760.00. Following the sale, the executive vice president now owns 34,616 shares in the company, valued at $969,248. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 3.00% of the company’s stock.

NASDAQ:CEVA opened at $23.30 on Friday. The firm has a market cap of $511.97 million, a price-to-earnings ratio of 211.82 and a beta of 1.74. CEVA, Inc. has a 1 year low of $20.40 and a 1 year high of $36.80.

CEVA (NASDAQ:CEVA) last posted its earnings results on Wednesday, February 13th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.08. The firm had revenue of $21.40 million for the quarter, compared to the consensus estimate of $22.07 million. CEVA had a return on equity of 1.00% and a net margin of 0.74%. The business’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.25 earnings per share. As a group, sell-side analysts forecast that CEVA, Inc. will post -0.08 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: “CEVA, Inc. (CEVA) Shares Sold by MetLife Investment Advisors LLC” was published by Baseball Daily News and is the property of of Baseball Daily News. If you are viewing this story on another domain, it was stolen and republished in violation of United States and international copyright law. The original version of this story can be accessed at https://www.baseballdailydigest.com/news/2019/04/21/ceva-inc-ceva-shares-sold-by-metlife-investment-advisors-llc.html.

CEVA Profile

CEVA, Inc licenses signal processing platforms and artificial intelligence processors for semiconductor companies and original equipment manufacturers (OEMs) serving the mobile, consumer, automotive, industrial, and Internet-of-Things (IoT) markets worldwide. The company licenses a family of signal processing intellectual properties (IPs), including platforms for 5G baseband processing in handsets and base station RAN; integrated cellular IoT solutions; digital signal processor (DSP) platforms incorporating voice input algorithms and software for voice enabled devices; and DSP platforms for advanced imaging and computer vision in various camera-enabled devices, as well as a family of self-contained artificial intelligent (AI) processors that address a range of edge applications.

Further Reading: Treasury Bonds

Institutional Ownership by Quarter for CEVA (NASDAQ:CEVA)

Receive News & Ratings for CEVA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CEVA and related companies with MarketBeat.com's FREE daily email newsletter.