CEVA, Inc. (CEVA) Director Sven Christer Nilsson Sells 27,285 Shares
CEVA, Inc. (NASDAQ:CEVA) Director Sven Christer Nilsson sold 27,285 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $47.50, for a total value of $1,296,037.50. Following the sale, the director now directly owns 28,282 shares in the company, valued at approximately $1,343,395. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
CEVA, Inc. (NASDAQ CEVA) traded up $1.85 during mid-day trading on Wednesday, reaching $49.45. The company’s stock had a trading volume of 244,100 shares, compared to its average volume of 164,802. The company has a market capitalization of $1,046.01, a P/E ratio of 52.89, a price-to-earnings-growth ratio of 3.09 and a beta of 0.77. CEVA, Inc. has a 12-month low of $29.00 and a 12-month high of $49.70.
CEVA (NASDAQ:CEVA) last posted its quarterly earnings results on Wednesday, November 1st. The semiconductor company reported $0.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.08. The firm had revenue of $24.00 million during the quarter, compared to the consensus estimate of $21.56 million. CEVA had a return on equity of 9.02% and a net margin of 21.89%. The business’s revenue was up 34.1% compared to the same quarter last year. During the same period last year, the company earned $0.24 earnings per share. sell-side analysts predict that CEVA, Inc. will post 0.77 earnings per share for the current fiscal year.
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CEVA has been the subject of a number of research reports. Canaccord Genuity increased their price objective on CEVA from $45.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Zacks Investment Research downgraded CEVA from a “hold” rating to a “sell” rating in a report on Monday, November 6th. BidaskClub downgraded CEVA from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 27th. Finally, Roth Capital increased their price objective on CEVA from $47.00 to $53.00 and gave the stock a “buy” rating in a report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $46.71.
A number of hedge funds have recently bought and sold shares of the business. GSA Capital Partners LLP bought a new position in CEVA in the third quarter valued at approximately $239,000. Neuberger Berman Group LLC grew its stake in CEVA by 5.0% in the third quarter. Neuberger Berman Group LLC now owns 480,063 shares of the semiconductor company’s stock valued at $20,547,000 after purchasing an additional 22,733 shares in the last quarter. California Public Employees Retirement System grew its stake in CEVA by 4.0% in the third quarter. California Public Employees Retirement System now owns 61,645 shares of the semiconductor company’s stock valued at $2,638,000 after purchasing an additional 2,345 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in CEVA in the third quarter valued at approximately $213,000. Finally, Granahan Investment Management Inc. MA grew its stake in CEVA by 3.0% in the third quarter. Granahan Investment Management Inc. MA now owns 113,071 shares of the semiconductor company’s stock valued at $4,839,000 after purchasing an additional 3,316 shares in the last quarter. Hedge funds and other institutional investors own 87.81% of the company’s stock.
CEVA, Inc (CEVA) is a licensor of signal processing intellectual property (IP). The Company partners with semiconductor companies and original equipment manufacturers (OEMs) to create connected devices for a range of end markets, including mobile, consumer, automotive, industrial and Internet of things (IoT).
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