Charles Schwab Investment Management Inc. Raises Stock Holdings in CEVA, Inc. (NASDAQ:CEVA)

Charles Schwab Investment Management Inc. increased its position in CEVA, Inc. (NASDAQ:CEVA) by 1.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 226,745 shares of the semiconductor company’s stock after purchasing an additional 3,783 shares during the period. Charles Schwab Investment Management Inc.’s holdings in CEVA were worth $7,154,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Jane Street Group LLC increased its stake in shares of CEVA by 206.2% in the third quarter. Jane Street Group LLC now owns 137,061 shares of the semiconductor company’s stock worth $3,310,000 after buying an additional 92,295 shares during the period. JPMorgan Chase & Co. increased its position in CEVA by 55.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 115,979 shares of the semiconductor company’s stock valued at $2,801,000 after purchasing an additional 41,573 shares during the period. Barclays PLC increased its position in CEVA by 389.8% during the 3rd quarter. Barclays PLC now owns 41,900 shares of the semiconductor company’s stock valued at $1,011,000 after purchasing an additional 33,346 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position in CEVA by 97.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 211,771 shares of the semiconductor company’s stock valued at $5,114,000 after purchasing an additional 104,453 shares during the period. Finally, Geode Capital Management LLC increased its position in CEVA by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 559,109 shares of the semiconductor company’s stock valued at $13,505,000 after purchasing an additional 3,649 shares during the period. 85.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CEVA has been the topic of a number of research analyst reports. Barclays boosted their price objective on shares of CEVA from $34.00 to $40.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Rosenblatt Securities reissued a “buy” rating and set a $35.00 price objective on shares of CEVA in a research report on Tuesday, February 11th. Finally, Northland Securities boosted their price objective on shares of CEVA from $31.00 to $35.00 and gave the company an “outperform” rating in a research report on Monday, December 23rd. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $36.60.

Insider Activity

In related news, Director Louis Silver sold 4,520 shares of the company’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $30.98, for a total value of $140,029.60. Following the transaction, the director now owns 47,038 shares in the company, valued at $1,457,237.24. The trade was a 8.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.40% of the company’s stock.

CEVA Trading Down 2.9 %

Shares of CEVA stock opened at $28.35 on Monday. CEVA, Inc. has a 12 month low of $16.02 and a 12 month high of $38.94. The stock has a market cap of $674.93 million, a PE ratio of -76.62 and a beta of 1.32. The company’s fifty day moving average price is $32.78 and its 200-day moving average price is $29.34.

CEVA (NASDAQ:CEVA) last announced its earnings results on Thursday, February 13th. The semiconductor company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.16). CEVA had a negative net margin of 8.22% and a negative return on equity of 2.48%. On average, sell-side analysts forecast that CEVA, Inc. will post -0.12 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.