Citigroup Inc. grew its position in shares of CEVA, Inc. (NASDAQ:CEVA) by 250.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,556 shares of the semiconductor company’s stock after acquiring an additional 9,685 shares during the quarter. Citigroup Inc. owned about 0.06% of CEVA worth $299,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in CEVA by 5.2% during the fourth quarter. BlackRock Inc. now owns 3,403,582 shares of the semiconductor company’s stock worth $75,185,000 after buying an additional 167,582 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in CEVA by 629.5% in the third quarter. Thrivent Financial for Lutherans now owns 111,204 shares of the semiconductor company’s stock worth $3,197,000 after purchasing an additional 95,960 shares during the last quarter. Senvest Management LLC boosted its position in CEVA by 17.3% in the third quarter. Senvest Management LLC now owns 539,680 shares of the semiconductor company’s stock worth $15,516,000 after purchasing an additional 79,579 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in CEVA by 11.3% in the third quarter. Dimensional Fund Advisors LP now owns 710,928 shares of the semiconductor company’s stock worth $20,439,000 after purchasing an additional 71,955 shares during the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in CEVA in the fourth quarter worth $1,588,000. Hedge funds and other institutional investors own 88.58% of the company’s stock.
NASDAQ CEVA traded down $0.70 during trading on Friday, reaching $23.30. The company’s stock had a trading volume of 328,387 shares, compared to its average volume of 163,313. The firm has a market capitalization of $511.97 million, a P/E ratio of 211.82 and a beta of 1.74. CEVA, Inc. has a one year low of $20.40 and a one year high of $36.80.
A number of research analysts have recently commented on the company. Northland Securities reaffirmed a “hold” rating and set a $27.00 price target on shares of CEVA in a research report on Thursday. BNP Paribas reaffirmed a “neutral” rating on shares of CEVA in a research report on Wednesday. BidaskClub raised CEVA from a “hold” rating to a “buy” rating in a research report on Thursday, February 14th. Cowen dropped their price target on CEVA from $35.00 to $33.00 and set an “outperform” rating on the stock in a research report on Thursday, February 14th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $35.00 price target (down previously from $41.00) on shares of CEVA in a research report on Wednesday, February 13th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $33.43.
In other CEVA news, EVP Issachar Ohana sold 6,670 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $28.00, for a total value of $186,760.00. Following the transaction, the executive vice president now directly owns 34,616 shares in the company, valued at approximately $969,248. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.00% of the stock is owned by corporate insiders.
CEVA Company 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.
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