CEVA, Inc. (NASDAQ:CEVA) Stock Position Decreased by Rhumbline Advisers

Rhumbline Advisers decreased its holdings in CEVA, Inc. (NASDAQ:CEVA) by 0.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,276 shares of the semiconductor company’s stock after selling 527 shares during the quarter. Rhumbline Advisers owned about 0.28% of CEVA worth $1,679,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Tygh Capital Management Inc. acquired a new stake in shares of CEVA during the 1st quarter valued at approximately $1,627,000. Rice Hall James & Associates LLC increased its stake in shares of CEVA by 13.1% during the 1st quarter. Rice Hall James & Associates LLC now owns 1,286,973 shares of the semiconductor company’s stock worth $34,697,000 after purchasing an additional 148,725 shares in the last quarter. Baillie Gifford & Co. increased its stake in shares of CEVA by 6.2% during the 1st quarter. Baillie Gifford & Co. now owns 417,766 shares of the semiconductor company’s stock worth $11,263,000 after purchasing an additional 24,545 shares in the last quarter. Quantamental Technologies LLC purchased a new position in shares of CEVA during the 1st quarter worth approximately $38,000. Finally, SG Americas Securities LLC increased its stake in shares of CEVA by 108.3% during the 1st quarter. SG Americas Securities LLC now owns 11,969 shares of the semiconductor company’s stock worth $323,000 after purchasing an additional 6,223 shares in the last quarter. 85.12% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:CEVA traded up $0.19 during midday trading on Friday, hitting $24.35. 124,955 shares of the company’s stock traded hands, compared to its average volume of 116,002. The firm has a market capitalization of $534.97 million, a P/E ratio of 221.36 and a beta of 1.67. The firm has a fifty day moving average price of $23.36. CEVA, Inc. has a twelve month low of $20.40 and a twelve month high of $32.95.

CEVA (NASDAQ:CEVA) last posted its earnings results on Monday, May 6th. The semiconductor company reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.02). The business had revenue of $17.00 million for the quarter, compared to analyst estimates of $17.65 million. CEVA had a net margin of 0.59% and a return on equity of 0.88%. The business’s revenue was down 3.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.04 EPS. On average, sell-side analysts predict that CEVA, Inc. will post -0.11 earnings per share for the current fiscal year.

CEVA has been the subject of a number of recent research reports. ValuEngine raised shares of CEVA from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th. BidaskClub raised shares of CEVA from a “hold” rating to a “buy” rating in a research note on Saturday, April 13th. Northland Securities reissued a “hold” rating and set a $27.00 price objective on shares of CEVA in a research note on Thursday, April 18th. Exane BNP Paribas cut shares of CEVA from an “outperform” rating to a “neutral” rating in a research note on Wednesday, April 17th. Finally, BNP Paribas reiterated a “neutral” rating on shares of CEVA in a report on Wednesday, April 17th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $31.67.

CEVA Company Profile

CEVA, Inc licenses signal processing platforms and artificial intelligence processors for semiconductor companies and original equipment manufacturers (OEMs) serving the mobile, consumer, automotive, industrial, and Internet-of-Things (IoT) markets worldwide. The company licenses a family of signal processing intellectual properties (IPs), including platforms for 5G baseband processing in handsets and base station RAN; integrated cellular IoT solutions; digital signal processor (DSP) platforms incorporating voice input algorithms and software for voice enabled devices; and DSP platforms for advanced imaging and computer vision in various camera-enabled devices, as well as a family of self-contained artificial intelligent (AI) processors that address a range of edge applications.

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Institutional Ownership by Quarter for CEVA (NASDAQ:CEVA)

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