Maryland State Retirement & Pension System Makes New $250,000 Investment in CEVA, Inc. (NASDAQ:CEVA)

Maryland State Retirement & Pension System bought a new stake in CEVA, Inc. (NASDAQ:CEVA) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,938 shares of the semiconductor company’s stock, valued at approximately $250,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Jane Street Group LLC boosted its holdings in CEVA by 206.2% in the 3rd quarter. Jane Street Group LLC now owns 137,061 shares of the semiconductor company’s stock valued at $3,310,000 after purchasing an additional 92,295 shares during the period. ArrowMark Colorado Holdings LLC bought a new stake in shares of CEVA in the third quarter valued at approximately $2,053,000. D.A. Davidson & CO. bought a new position in CEVA during the 3rd quarter worth $1,343,000. JPMorgan Chase & Co. raised its holdings in CEVA by 55.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 115,979 shares of the semiconductor company’s stock valued at $2,801,000 after acquiring an additional 41,573 shares in the last quarter. Finally, Barclays PLC lifted its position in shares of CEVA by 389.8% during the 3rd quarter. Barclays PLC now owns 41,900 shares of the semiconductor company’s stock valued at $1,011,000 after acquiring an additional 33,346 shares during the period. 85.37% of the stock is currently owned by institutional investors and hedge funds.

CEVA Price Performance

CEVA stock opened at $28.11 on Wednesday. CEVA, Inc. has a 1 year low of $16.02 and a 1 year high of $38.94. The stock has a market cap of $669.21 million, a price-to-earnings ratio of -75.97 and a beta of 1.32. The company has a 50 day simple moving average of $32.64 and a 200 day simple moving average of $29.42.

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 the consensus estimate of $0.11 by ($0.16). CEVA had a negative return on equity of 2.48% and a negative net margin of 8.22%. On average, equities research analysts anticipate that CEVA, Inc. will post -0.12 EPS for the current fiscal year.

Insider Buying and Selling at CEVA

In other CEVA news, Director Louis Silver sold 4,520 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $30.98, for a total value of $140,029.60. Following the completion of the transaction, the director now directly owns 47,038 shares in the company, valued at approximately $1,457,237.24. This represents a 8.77 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 2.40% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on CEVA shares. StockNews.com raised CEVA from a “hold” rating to a “buy” rating in a research note on Monday. Barclays boosted their target price on shares of CEVA from $34.00 to $40.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Northland Securities increased their price target 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. Finally, Rosenblatt Securities restated a “buy” rating and set a $35.00 price objective on shares of CEVA in a research report on Tuesday, February 11th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $36.60.

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.