Silverberg Bernstein Capital Management LLC Acquires 4,730 Shares of CEVA, Inc. (NASDAQ:CEVA)

Silverberg Bernstein Capital Management LLC boosted its holdings in CEVA, Inc. (NASDAQ:CEVA) by 6.6% in the third quarter, Holdings Channel reports. The institutional investor owned 76,554 shares of the semiconductor company’s stock after buying an additional 4,730 shares during the period. CEVA accounts for approximately 1.7% of Silverberg Bernstein Capital Management LLC’s holdings, making the stock its 16th largest position. Silverberg Bernstein Capital Management LLC’s holdings in CEVA were worth $1,849,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in CEVA. Congress Asset Management Co. MA bought a new position in CEVA in the 4th quarter valued at approximately $383,000. BNP Paribas Financial Markets raised its holdings in CEVA by 22.4% in the 1st quarter. BNP Paribas Financial Markets now owns 35,910 shares of the semiconductor company’s stock valued at $816,000 after buying an additional 6,580 shares during the last quarter. Swiss National Bank raised its holdings in CEVA by 5.0% in the 1st quarter. Swiss National Bank now owns 46,500 shares of the semiconductor company’s stock valued at $1,056,000 after buying an additional 2,200 shares during the last quarter. State Board of Administration of Florida Retirement System bought a new position in CEVA in the 1st quarter valued at approximately $245,000. Finally, Vanguard Group Inc. raised its holdings in CEVA by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 2,969,107 shares of the semiconductor company’s stock worth $67,428,000 after purchasing an additional 62,734 shares during the last quarter. Institutional investors own 85.37% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on CEVA. Roth Mkm upgraded shares of CEVA from a “neutral” rating to a “buy” rating and raised their price target for the stock from $20.00 to $25.00 in a report on Thursday, August 8th. Oppenheimer raised their price target on shares of CEVA from $29.00 to $33.00 and gave the stock an “outperform” rating in a report on Thursday, August 8th. Finally, StockNews.com lowered shares of CEVA from a “buy” rating to a “hold” rating in a report on Wednesday, August 21st. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $28.50.

CEVA Price Performance

Shares of NASDAQ:CEVA traded up $0.49 during mid-day trading on Friday, hitting $24.99. The company had a trading volume of 115,161 shares, compared to its average volume of 155,092. The firm has a fifty day moving average price of $22.68 and a 200 day moving average price of $21.18. The company has a market capitalization of $592.01 million, a PE ratio of -47.15 and a beta of 1.19. CEVA, Inc. has a one year low of $16.02 and a one year high of $25.54.

CEVA (NASDAQ:CEVA) last released its quarterly earnings data on Wednesday, August 7th. The semiconductor company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.14. The company had revenue of $28.44 million during the quarter, compared to analyst estimates of $24.47 million. CEVA had a negative net margin of 7.02% and a negative return on equity of 3.77%. Research analysts expect that CEVA, Inc. will post -0.31 earnings per share for the current fiscal year.

About CEVA

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.