D.A. Davidson & CO. Buys 4,417 Shares of CEVA, Inc. (NASDAQ:CEVA)

D.A. Davidson & CO. grew its stake in CEVA, Inc. (NASDAQ:CEVA) by 7.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 60,014 shares of the semiconductor company’s stock after purchasing an additional 4,417 shares during the quarter. D.A. Davidson & CO. owned about 0.25% of CEVA worth $1,893,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. US Bancorp DE grew its position 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 worth $34,000 after buying an additional 779 shares during the period. GAMMA Investing LLC grew its position in shares of CEVA by 63.3% in the 4th quarter. GAMMA Investing LLC now owns 2,379 shares of the semiconductor company’s stock worth $75,000 after buying an additional 922 shares during the period. Point72 DIFC Ltd grew its position in shares of CEVA by 16.8% in the 3rd quarter. Point72 DIFC Ltd now owns 2,632 shares of the semiconductor company’s stock worth $64,000 after buying an additional 378 shares during the period. FMR LLC grew its position in shares of CEVA by 56.4% in the 3rd quarter. FMR LLC now owns 3,409 shares of the semiconductor company’s stock worth $82,000 after buying an additional 1,230 shares during the period. Finally, Aigen Investment Management LP purchased a new stake in shares of CEVA in the 3rd quarter worth about $213,000. 85.37% of the stock is currently owned by institutional investors.

CEVA Stock Down 5.7 %

Shares of NASDAQ CEVA opened at $34.49 on Friday. The firm’s 50-day moving average price is $32.93 and its 200-day moving average price is $28.06. The company has a market cap of $815.00 million, a PE ratio of -93.21 and a beta of 1.25. CEVA, Inc. has a 52-week low of $16.02 and a 52-week high of $37.75.

CEVA (NASDAQ:CEVA) last announced its quarterly earnings results on Thursday, February 13th. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.16). CEVA had a negative net margin of 8.22% and a negative return on equity of 2.48%. As a group, equities research analysts anticipate that CEVA, Inc. will post -0.12 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Northland Securities upped their target price on shares of CEVA from $31.00 to $35.00 and gave the stock an “outperform” rating in a research report on Monday, December 23rd. Barclays upped their target price on shares of CEVA from $34.00 to $40.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Rosenblatt Securities reissued a “buy” rating and set a $35.00 price objective on shares of CEVA in a research report on Tuesday, February 11th. StockNews.com downgraded shares of CEVA from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Finally, Roth Mkm increased their price objective on shares of CEVA from $25.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $36.60.

About CEVA

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.