Citigroup Inc. Has $299,000 Position in CEVA, Inc. (NASDAQ:CEVA)

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.

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

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.

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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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Institutional Ownership by Quarter for CEVA (NASDAQ:CEVA)

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