Sanctuary Advisors LLC Makes New Investment in CEVA, Inc. (NASDAQ:CEVA)

Sanctuary Advisors LLC bought a new stake in shares of CEVA, Inc. (NASDAQ:CEVA) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 9,641 shares of the semiconductor company’s stock, valued at approximately $233,000.

A number of other institutional investors have also added to or reduced their stakes in the business. US Bancorp DE lifted its position in CEVA by 125.8% during the third quarter. US Bancorp DE now owns 1,398 shares of the semiconductor company’s stock valued at $34,000 after acquiring an additional 779 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of CEVA by 338.9% in the third quarter. GAMMA Investing LLC now owns 1,457 shares of the semiconductor company’s stock worth $35,000 after acquiring an additional 1,125 shares during the period. Point72 DIFC Ltd acquired a new position in shares of CEVA in the 2nd quarter valued at about $43,000. nVerses Capital LLC acquired a new stake in shares of CEVA during the 2nd quarter worth approximately $50,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of CEVA during the 2nd quarter worth about $65,000. Hedge funds and other institutional investors own 85.37% of the company’s stock.

Analyst Ratings Changes

CEVA has been the subject of a number of research analyst reports. Northland Securities increased their target price on CEVA from $31.00 to $35.00 and gave the company an “outperform” rating in a report on Monday, December 23rd. StockNews.com lowered shares of CEVA from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Rosenblatt Securities increased their price target on shares of CEVA from $28.00 to $35.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Roth Mkm lifted their price objective on CEVA from $25.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $34.20.

CEVA Trading Down 2.4 %

NASDAQ:CEVA opened at $32.37 on Monday. CEVA, Inc. has a 12-month low of $16.02 and a 12-month high of $33.44. The firm has a market cap of $764.81 million, a price-to-earnings ratio of -231.20 and a beta of 1.27. The company’s 50-day moving average is $28.66 and its two-hundred day moving average is $24.24.

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.