Trexquant Investment LP Acquires New Shares in CEVA, Inc. (NASDAQ:CEVA)

Trexquant Investment LP acquired a new stake in shares of CEVA, Inc. (NASDAQ:CEVAFree Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 76,209 shares of the semiconductor company’s stock, valued at approximately $1,731,000. Trexquant Investment LP owned about 0.32% of CEVA at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Silverberg Bernstein Capital Management LLC purchased a new stake in shares of CEVA during the fourth quarter valued at $1,653,000. PNC Financial Services Group Inc. lifted its holdings in CEVA by 99.6% in the third quarter. PNC Financial Services Group Inc. now owns 1,599 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 798 shares during the period. Numerai GP LLC bought a new position in CEVA in the third quarter valued at about $201,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in CEVA by 38.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 12,771 shares of the semiconductor company’s stock valued at $248,000 after acquiring an additional 3,549 shares during the period. Finally, Citigroup Inc. lifted its holdings in CEVA by 10.4% in the third quarter. Citigroup Inc. now owns 43,923 shares of the semiconductor company’s stock valued at $852,000 after acquiring an additional 4,121 shares during the period. 85.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CEVA has been the topic of a number of recent research reports. Rosenblatt Securities reissued a “buy” rating and issued a $28.00 target price on shares of CEVA in a report on Tuesday, February 13th. Roth Mkm decreased their price objective on CEVA from $25.00 to $20.00 and set a “neutral” rating on the stock in a research note on Friday, May 10th. Finally, TD Cowen increased their target price on CEVA from $25.00 to $28.00 and gave the stock an “outperform” rating in a research report on Thursday, February 15th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $27.00.

Read Our Latest Stock Report on CEVA

CEVA Trading Up 2.0 %

NASDAQ:CEVA opened at $19.67 on Monday. CEVA, Inc. has a 12-month low of $16.38 and a 12-month high of $27.65. The stock has a 50-day moving average price of $21.01 and a 200 day moving average price of $21.63. The stock has a market capitalization of $463.82 million, a P/E ratio of -37.11 and a beta of 1.17.

CEVA (NASDAQ:CEVAGet Free Report) last released its earnings results on Thursday, May 9th. The semiconductor company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.06). CEVA had a negative return on equity of 5.70% and a negative net margin of 12.91%. The business had revenue of $22.07 million for the quarter, compared to analysts’ expectations of $23.06 million. On average, research analysts predict that CEVA, Inc. will post -0.32 earnings per share for the current fiscal year.

Insider Buying and Selling at CEVA

In other CEVA news, Director Louis Silver sold 4,730 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $23.19, for a total transaction of $109,688.70. Following the completion of the transaction, the director now owns 40,576 shares in the company, valued at approximately $940,957.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.40% of the stock is currently owned by company insiders.

CEVA Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CEVA (NASDAQ:CEVA)

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