CEVA, Inc. (NASDAQ:CEVA) was the target of a large growth in short interest during the month of June. As of June 15th, there was short interest totalling 420,600 shares, a growth of 21.8% from the May 15th total of 345,400 shares. Currently, 2.0% of the company’s shares are short sold. Based on an average daily trading volume, of 138,000 shares, the short-interest ratio is presently 3.0 days.
CEVA stock opened at $24.35 on Friday. CEVA has a fifty-two week low of $20.40 and a fifty-two week high of $32.95. The firm has a 50 day moving average of $23.36. The firm has a market cap of $530.90 million, a P/E ratio of 268.44 and a beta of 1.67.
CEVA (NASDAQ:CEVA) last posted its earnings results on Monday, May 6th. The semiconductor company reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.02). CEVA had a net margin of 0.59% and a return on equity of 0.88%. The company had revenue of $17.00 million during the quarter, compared to analyst estimates of $17.65 million. During the same quarter last year, the business posted $0.04 EPS. The firm’s revenue for the quarter was down 3.4% on a year-over-year basis. Analysts predict that CEVA will post -0.11 EPS for the current year.
A number of institutional investors have recently bought and sold shares of the stock. Penserra Capital Management LLC boosted its position in CEVA by 70.4% in the 1st quarter. Penserra Capital Management LLC now owns 3,000 shares of the semiconductor company’s stock valued at $80,000 after buying an additional 1,239 shares during the period. Roubaix Capital LLC purchased a new position in CEVA in the 1st quarter valued at approximately $2,887,000. Dimensional Fund Advisors LP boosted its position in CEVA by 1.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 724,329 shares of the semiconductor company’s stock valued at $16,001,000 after buying an additional 13,401 shares during the period. Two Sigma Advisers LP boosted its position in CEVA by 6.3% in the 4th quarter. Two Sigma Advisers LP now owns 104,987 shares of the semiconductor company’s stock valued at $2,319,000 after buying an additional 6,189 shares during the period. Finally, United Services Automobile Association boosted its position in CEVA by 16.9% in the 4th quarter. United Services Automobile Association now owns 27,667 shares of the semiconductor company’s stock valued at $611,000 after buying an additional 4,000 shares during the period. Hedge funds and other institutional investors own 85.12% of the company’s stock.
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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