Renaissance Group LLC bought a new stake in shares of CEVA, Inc. (NASDAQ:CEVA) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 8,588 shares of the semiconductor company’s stock, valued at approximately $396,000.

Other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. increased its position in shares of CEVA by 1.3% during the 3rd quarter. Principal Financial Group Inc. now owns 171,431 shares of the semiconductor company’s stock valued at $7,337,000 after purchasing an additional 2,251 shares during the last quarter. Uniplan Investment Counsel Inc. increased its position in shares of CEVA by 64.0% during the 3rd quarter. Uniplan Investment Counsel Inc. now owns 190,120 shares of the semiconductor company’s stock valued at $8,137,000 after purchasing an additional 74,184 shares during the last quarter. Neuberger Berman Group LLC increased its position in shares of CEVA by 5.0% during the 3rd quarter. Neuberger Berman Group LLC now owns 480,063 shares of the semiconductor company’s stock valued at $20,547,000 after purchasing an additional 22,733 shares during the last quarter. Baillie Gifford & Co. increased its position in shares of CEVA by 5.3% during the 3rd quarter. Baillie Gifford & Co. now owns 193,198 shares of the semiconductor company’s stock valued at $8,269,000 after purchasing an additional 9,798 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its position in shares of CEVA by 218.6% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 45,261 shares of the semiconductor company’s stock valued at $2,057,000 after purchasing an additional 31,054 shares during the last quarter. 86.73% of the stock is owned by hedge funds and other institutional investors.

CEVA, Inc. (NASDAQ:CEVA) opened at $36.43 on Friday. The firm has a market capitalization of $800.44, a price-to-earnings ratio of 45.53, a PEG ratio of 2.11 and a beta of 0.72. CEVA, Inc. has a 12 month low of $32.80 and a 12 month high of $51.80.

CEVA (NASDAQ:CEVA) last posted its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported $0.25 earnings per share for the quarter, hitting the consensus estimate of $0.25. The company had revenue of $21.60 million during the quarter, compared to the consensus estimate of $21.17 million. CEVA had a return on equity of 7.82% and a net margin of 19.46%. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.32 EPS. equities analysts expect that CEVA, Inc. will post 0.63 earnings per share for the current year.

Several equities research analysts have recently issued reports on CEVA shares. Canaccord Genuity started coverage on CEVA in a research report on Friday. They set a “buy” rating and a $50.00 target price for the company. Oppenheimer lowered CEVA from an “outperform” rating to a “hold” rating in a research report on Wednesday, January 24th. They noted that the move was a valuation call. UBS Group lowered CEVA from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 24th. Barclays decreased their target price on CEVA from $54.00 to $50.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, Zacks Investment Research lowered CEVA from a “hold” rating to a “sell” rating in a research report on Monday, November 6th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. CEVA presently has an average rating of “Hold” and a consensus target price of $47.57.

In other news, EVP Issachar Ohana sold 1,965 shares of the stock in a transaction on Friday, November 24th. The stock was sold at an average price of $50.10, for a total transaction of $98,446.50. Following the completion of the transaction, the executive vice president now owns 28,289 shares in the company, valued at approximately $1,417,278.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Yaniv Arieli sold 8,614 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $49.25, for a total value of $424,239.50. Following the transaction, the chief financial officer now owns 40,372 shares of the company’s stock, valued at approximately $1,988,321. The disclosure for this sale can be found here. Insiders have sold a total of 67,682 shares of company stock valued at $3,257,929 in the last quarter. 3.90% of the stock is owned by corporate insiders.

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About CEVA

CEVA, Inc (CEVA) is a licensor of signal processing intellectual property (IP). The Company partners with semiconductor companies and original equipment manufacturers (OEMs) to create connected devices for a range of end markets, including mobile, consumer, automotive, industrial and Internet of things (IoT).

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Institutional Ownership by Quarter for CEVA (NASDAQ:CEVA)

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