CEVA, Inc. (NASDAQ:CEVA) Shares Acquired by US Bancorp DE

US Bancorp DE raised its holdings in CEVA, Inc. (NASDAQ:CEVA) by 125.8% during the third quarter, HoldingsChannel.com reports. The firm owned 1,398 shares of the semiconductor company’s stock after buying an additional 779 shares during the period. US Bancorp DE’s holdings in CEVA were worth $34,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC boosted its holdings 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 valued at $35,000 after acquiring an additional 1,125 shares during the period. Point72 DIFC Ltd acquired a new position in shares of CEVA in the 2nd quarter valued at about $43,000. nVerses Capital LLC acquired a new stake in shares of CEVA during the 2nd quarter valued at $50,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of CEVA during the 2nd quarter worth about $65,000. Finally, Susquehanna Fundamental Investments LLC bought a new stake in CEVA in the second quarter worth approximately $227,000. Institutional investors and hedge funds own 85.37% of the company’s stock.

Analyst Upgrades and Downgrades

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

CEVA Price Performance

NASDAQ CEVA opened at $27.44 on Tuesday. The stock’s 50-day moving average is $24.71 and its 200-day moving average is $21.98. CEVA, Inc. has a one year low of $16.02 and a one year high of $30.00. The firm has a market cap of $648.41 million, a P/E ratio of -192.91 and a beta of 1.20.

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.