D.A. Davidson & CO. Purchases New Shares in CEVA, Inc. (NASDAQ:CEVA)

D.A. Davidson & CO. acquired a new position in CEVA, Inc. (NASDAQ:CEVA) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 55,597 shares of the semiconductor company’s stock, valued at approximately $1,343,000. D.A. Davidson & CO. owned approximately 0.24% of CEVA as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. US Bancorp DE lifted its holdings in shares of CEVA by 125.8% in the 3rd quarter. US Bancorp DE now owns 1,398 shares of the semiconductor company’s stock valued at $34,000 after acquiring an additional 779 shares during the last quarter. GAMMA Investing LLC raised its position in CEVA by 338.9% during the third quarter. GAMMA Investing LLC now owns 1,457 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 1,125 shares during the period. Point72 DIFC Ltd bought a new stake in shares of CEVA in the 2nd quarter valued at approximately $43,000. nVerses Capital LLC purchased a new position in shares of CEVA in the 2nd quarter worth approximately $50,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of CEVA during the 2nd quarter valued at approximately $65,000. 85.37% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CEVA. StockNews.com downgraded CEVA from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Oppenheimer lifted their price target on shares of CEVA from $29.00 to $33.00 and gave the stock an “outperform” rating in a research note on Thursday, August 8th. Roth Mkm increased their price objective on shares of CEVA from $25.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Rosenblatt Securities boosted their target price on CEVA from $28.00 to $35.00 and gave the company a “buy” rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, CEVA has a consensus rating of “Moderate Buy” and an average target price of $34.00.

CEVA Price Performance

Shares of CEVA opened at $29.74 on Friday. The firm has a market capitalization of $702.76 million, a price-to-earnings ratio of -212.41 and a beta of 1.20. CEVA, Inc. has a 1-year low of $16.02 and a 1-year high of $31.22. The company has a 50-day moving average of $25.79 and a 200 day moving average of $22.58.

CEVA Company 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.