Dynamic Technology Labs Private Limited acquired a new stake in CEVA, Inc. (NASDAQ:CEVA – free report) during the fourth quarter, according to the company's latest 13F filing with the Securities and Exchange Commission. The fund acquired 15,780 shares of the semiconductor company's stock, valued at approximately $358,000. Dynamic Technology Labs Private Limited held 0.07% of CEVA as of the end of the latest reporting period.
Other hedge funds have also recently added to or reduced their holdings in CEVA. Quadrant Capital Group LLC increased its stake in CEVA by 122.8% in the fourth quarter. Quadrant Capital Group LLC now owns 1,163 shares of the semiconductor company's stock valued at $26,000 after acquiring an additional 641 shares in the last quarter. PNC Financial Services Group Inc. increased its stake 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 in the last quarter. Cantonal Bank of Zurich increased its stake in CEVA by 64.9% in the third quarter. Cantonal Bank of Zurich now owns 4,108 shares of the semiconductor company's stock valued at $80,000 after acquiring an additional 1,617 shares in the last quarter. Skandinaviska Enskilda Bank increased its stake in CEVA by 69.8% in the third quarter. Skandinaviska Enskilda Bank now owns 4,363 shares of the semiconductor company's stock valued at $85,000 after acquiring an additional 1,794 shares in the last quarter. Finally, Numerai GP LLC acquired a new stake in CEVA in the third quarter valued at $201,000. Institutional investors now own 85.37% of the company's stock.
Insider Trading at CEVA
In other news, Director, Lewis Silver sold 4,730 shares of the company's stock in a transaction on Friday, March 15th. The shares were sold at an average price of $23.19, for a total transaction value of $109,688.70. Following the sale, the director now directly owns 40,576 shares of the company's stock, valued at $940,957.44. The sale was disclosed in a legal filing with the Securities and Exchange Commission, which can be accessed on the SEC's website. 2.40% of the shares are owned by insiders.
CEVA shares up 2.0%
CEVA shares began trading at $19.67 on Monday. The stock’s 50-day moving average is $21.01 and its 200-day moving average is $21.63. CEVA, Inc.’s 12-month low is $16.38 and its 12-month high is $27.65.
CEVA (NASDAQ:CEVA – Get free report ) last released its earnings results on Thursday, May 9th. The semiconductor company reported quarterly earnings per share (EPS) of ($0.20), missing analysts' consensus estimates of ($0.14) by ($0.06). The company's revenue for the quarter was $22.07 million, missing analysts' estimates of $23.06 million. CEVA had a return on equity of -5.70% and a net margin of -12.91%. Sell-side analysts expect CEVA, Inc. to post EPS of -0.32 for the current quarter.
Analysts Set New Price Targets
Several brokerage firms have offered their opinions on CEVA. Roth Mkm lowered their price target on CEVA from $25.00 to $20.00 and gave the stock a “neutral” rating in a research note on Friday, May 10th. TD Cowen raised their price target on CEVA from $25.00 to $28.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. Finally, Rosenblatt Securities reissued a “buy” rating on shares of CEVA and issued a $28.00 price target in a research note on Tuesday, February 13th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating. According to MarketBeat.com, the stock currently has an average rating of a “moderate buy” with an average price target of $27.00.
Read the latest report on CEVA
About CEVA
(Free report)
CEVA, Inc provides silicon and software IP solutions to semiconductor companies and OEMs worldwide. The company's 5G mobile and infrastructure products include 5G handsets, 5G RAN, Ceva-XC vector digital signal processors (DSPs) for general-purpose baseband processing, PentaG-RAN, an open RAN platform for base stations and radios, and PentaG2 – 5G NR modem platform for UE and non-handset 5G vertical markets such as fixed wireless access, industry 4.0, robotics and AR/VR devices.
reference
Receive CEVA Daily news and reviews –Enter your email address below to receive a concise summary of breaking news and analyst ratings on CEVA and related companies every day with MarketBeat.com's free email newsletter.
