Migdal Insurance & Financial Holdings Ltd. Lowers Stake in CEVA, Inc. (NASDAQ:CEVA)

Migdal Insurance & Financial Holdings Ltd. lessened its position in shares of CEVA, Inc. (NASDAQ:CEVA) by 14.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 355,821 shares of the semiconductor company’s stock after selling 61,013 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in CEVA were worth $11,226,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of CEVA. Algert Global LLC lifted its stake in shares of CEVA by 46.0% during the second quarter. Algert Global LLC now owns 13,933 shares of the semiconductor company’s stock worth $269,000 after purchasing an additional 4,390 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of CEVA during the second quarter worth about $330,000. SG Americas Securities LLC acquired a new position in shares of CEVA during the third quarter worth about $296,000. GAMMA Investing LLC lifted its stake in shares of CEVA by 338.9% during the third quarter. GAMMA Investing LLC now owns 1,457 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 1,125 shares in the last quarter. Finally, Creative Planning acquired a new position in shares of CEVA during the third quarter worth about $503,000. Institutional investors and hedge funds own 85.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CEVA. StockNews.com cut CEVA from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Roth Mkm boosted their price target on CEVA from $25.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Northland Securities boosted their price target on CEVA from $31.00 to $35.00 and gave the stock an “outperform” rating in a research note on Monday, December 23rd. Finally, Rosenblatt Securities boosted their price target on CEVA from $28.00 to $35.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $34.20.

CEVA Stock Performance

Shares of NASDAQ CEVA opened at $34.13 on Friday. The stock’s 50 day moving average price is $32.16 and its two-hundred day moving average price is $26.79. CEVA, Inc. has a 52-week low of $16.02 and a 52-week high of $34.71.

CEVA 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.