Crossmark Global Holdings Inc. Buys Shares of 9,020 CEVA, Inc. (CEVA)
Crossmark Global Holdings Inc. bought a new position in CEVA, Inc. (NASDAQ:CEVA) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 9,020 shares of the semiconductor company’s stock, valued at approximately $386,000.
Other institutional investors also recently made changes to their positions in the company. Pinebridge Investments L.P. raised its holdings in CEVA by 2.2% in the 2nd quarter. Pinebridge Investments L.P. now owns 2,831 shares of the semiconductor company’s stock worth $128,000 after purchasing an additional 62 shares during the period. US Bancorp DE raised its holdings in CEVA by 9.2% in the 2nd quarter. US Bancorp DE now owns 3,727 shares of the semiconductor company’s stock worth $169,000 after purchasing an additional 313 shares during the period. Victory Capital Management Inc. raised its holdings in CEVA by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 3,821 shares of the semiconductor company’s stock worth $174,000 after purchasing an additional 572 shares during the period. State of Alaska Department of Revenue raised its holdings in CEVA by 80.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 4,237 shares of the semiconductor company’s stock worth $192,000 after purchasing an additional 1,887 shares during the period. Finally, Piedmont Investment Advisors LLC bought a new position in CEVA in the 2nd quarter worth $211,000. 87.81% of the stock is currently owned by institutional investors.
In other CEVA news, CFO Yaniv Arieli sold 8,614 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $49.25, for a total transaction of $424,239.50. Following the sale, the chief financial officer now directly owns 40,372 shares of the company’s stock, valued at $1,988,321. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Gideon Wertheizer sold 20,603 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $49.28, for a total value of $1,015,315.84. Following the sale, the chief executive officer now directly owns 82,497 shares in the company, valued at $4,065,452.16. The disclosure for this sale can be found here. Over the last three months, insiders have sold 65,717 shares of company stock worth $3,159,483. Insiders own 3.90% of the company’s stock.
Shares of CEVA, Inc. (NASDAQ:CEVA) opened at $49.75 on Friday. The company has a market capitalization of $1,093.26, a PE ratio of 55.28, a price-to-earnings-growth ratio of 3.23 and a beta of 0.77. CEVA, Inc. has a twelve month low of $29.00 and a twelve month high of $50.30.
CEVA (NASDAQ:CEVA) last posted its quarterly earnings results on Wednesday, November 1st. The semiconductor company reported $0.36 EPS for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.08. The business had revenue of $24.00 million for the quarter, compared to analysts’ expectations of $21.56 million. CEVA had a return on equity of 9.02% and a net margin of 21.89%. The business’s quarterly revenue was up 34.1% on a year-over-year basis. During the same period last year, the firm earned $0.24 earnings per share. equities analysts anticipate that CEVA, Inc. will post 0.77 EPS for the current fiscal year.
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A number of equities analysts recently commented on the company. BidaskClub cut CEVA from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Canaccord Genuity raised their target price 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 raised CEVA from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a report on Tuesday, October 3rd. Finally, Roth Capital raised their price target on CEVA from $47.00 to $53.00 and gave the company a “buy” rating in a report on Monday, July 31st. One analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. CEVA currently has a consensus rating of “Buy” and a consensus price target of $46.71.
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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