Skandinaviska Enskilda Banken AB publ grew its position in shares of CEVA, Inc. (NASDAQ:CEVA – Get Rating) by 111.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,348 shares of the semiconductor company’s stock after purchasing an additional 1,236 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in CEVA were worth $62,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the company. Quantbot Technologies LP acquired a new stake in CEVA during the third quarter valued at $29,000. US Bancorp DE increased its stake in shares of CEVA by 96.4% in the 3rd quarter. US Bancorp DE now owns 1,216 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 597 shares in the last quarter. Lazard Asset Management LLC acquired a new position in CEVA in the 2nd quarter worth about $44,000. Nisa Investment Advisors LLC boosted its position in CEVA by 109.9% during the second quarter. Nisa Investment Advisors LLC now owns 1,700 shares of the semiconductor company’s stock worth $57,000 after purchasing an additional 890 shares in the last quarter. Finally, Russell Investments Group Ltd. acquired a new stake in CEVA in the third quarter valued at approximately $85,000. 85.46% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several research analysts have recently weighed in on CEVA shares. Rosenblatt Securities reaffirmed a “buy” rating and set a $45.00 target price on shares of CEVA in a research note on Tuesday, February 14th. Cowen increased their price objective on shares of CEVA from $30.00 to $40.00 and gave the company an “outperform” rating in a report on Thursday, February 16th. Barclays boosted their target price on shares of CEVA from $35.00 to $41.00 and gave the stock an “overweight” rating in a research note on Friday, February 17th. Oppenheimer decreased their price target on shares of CEVA from $58.00 to $32.00 in a research note on Thursday, November 10th. Finally, StockNews.com upgraded CEVA from a “hold” rating to a “buy” rating in a research note on Thursday, February 16th. Four analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $36.83.
CEVA Trading Down 1.7 %
CEVA (NASDAQ:CEVA – Get Rating) last released its quarterly earnings data on Wednesday, February 15th. The semiconductor company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.06. The company had revenue of $33.40 million during the quarter, compared to the consensus estimate of $32.34 million. CEVA had a negative net margin of 17.22% and a positive return on equity of 1.63%. CEVA’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.12 EPS. Analysts anticipate that CEVA, Inc. will post 0.02 EPS for the current fiscal year.
CEVA Profile
CEVA, Inc engages in the licensing of signal processing platforms and artificial intelligence processors to chip manufacturers. The firm offers Digital Signal Processors, AI processors, wireless platforms and complementary software for sensor fusion, image enhancement, computer vision, voice input and artificial intelligence.
Further Reading
- Get a free copy of the StockNews.com research report on CEVA (CEVA)
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