Quest Partners LLC Cuts Stock Position in CEVA, Inc. (NASDAQ:CEVA)

Quest Partners LLC trimmed its position in shares of CEVA, Inc. (NASDAQ:CEVA) by 14.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,531 shares of the semiconductor company’s stock after selling 2,951 shares during the period. Quest Partners LLC’s holdings in CEVA were worth $423,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. State Board of Administration of Florida Retirement System purchased a new stake in shares of CEVA in the 1st quarter valued at $245,000. Vanguard Group Inc. boosted its position in CEVA by 2.2% during the first quarter. Vanguard Group Inc. now owns 2,969,107 shares of the semiconductor company’s stock valued at $67,428,000 after buying an additional 62,734 shares during the period. Tidal Investments LLC purchased a new stake in CEVA during the first quarter valued at about $423,000. Silverberg Bernstein Capital Management LLC grew its stake in shares of CEVA by 3.9% during the second quarter. Silverberg Bernstein Capital Management LLC now owns 71,824 shares of the semiconductor company’s stock valued at $1,385,000 after buying an additional 2,700 shares during the last quarter. Finally, nVerses Capital LLC purchased a new position in shares of CEVA in the second quarter worth about $50,000. Institutional investors own 85.37% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CEVA. Oppenheimer raised their price target on CEVA from $29.00 to $33.00 and gave the stock an “outperform” rating in a research report on Thursday, August 8th. StockNews.com cut shares of CEVA from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Roth Mkm upped their price target on shares of CEVA from $25.00 to $40.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Rosenblatt Securities raised their price target on shares of CEVA from $28.00 to $35.00 and gave the stock a “buy” rating in a report on Friday, November 8th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.00.

CEVA Stock Up 6.2 %

Shares of CEVA stock opened at $30.44 on Monday. The company has a market cap of $719.21 million, a PE ratio of -217.43 and a beta of 1.20. The business has a 50 day moving average of $25.16 and a 200 day moving average of $22.25. CEVA, Inc. has a 52 week low of $16.02 and a 52 week high of $30.81.

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.