Prudential Financial Inc. decreased its holdings in shares of CEVA, Inc. (NASDAQ:CEVA) by 0.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 36,109 shares of the semiconductor company’s stock after selling 204 shares during the quarter. Prudential Financial Inc. owned about 0.17% of CEVA worth $1,641,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of CEVA. BlackRock Inc. grew its position in shares of CEVA by 149,831.4% in the first quarter. BlackRock Inc. now owns 2,532,342 shares of the semiconductor company’s stock valued at $89,898,000 after purchasing an additional 2,530,653 shares during the period. Vanguard Group Inc. increased its stake in CEVA by 5.1% in the first quarter. Vanguard Group Inc. now owns 1,930,411 shares of the semiconductor company’s stock valued at $68,530,000 after purchasing an additional 94,517 shares during the last quarter. AWM Investment Company Inc. increased its stake in CEVA by 1.6% in the first quarter. AWM Investment Company Inc. now owns 1,125,068 shares of the semiconductor company’s stock valued at $39,940,000 after purchasing an additional 17,658 shares during the last quarter. Rice Hall James & Associates LLC increased its stake in CEVA by 20.4% in the second quarter. Rice Hall James & Associates LLC now owns 625,877 shares of the semiconductor company’s stock valued at $28,446,000 after purchasing an additional 106,191 shares during the last quarter. Finally, State Street Corp increased its stake in CEVA by 11.6% in the first quarter. State Street Corp now owns 573,784 shares of the semiconductor company’s stock valued at $20,373,000 after purchasing an additional 59,831 shares during the last quarter. Institutional investors and hedge funds own 86.72% of the company’s stock.

Several research firms recently weighed in on CEVA. Benchmark Co. increased their target price on CEVA from $42.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, June 5th. Canaccord Genuity reissued a “buy” rating and issued a $45.00 price target on shares of CEVA in a research note on Tuesday, July 11th. BidaskClub cut CEVA from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 27th. Finally, Roth Capital lifted 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. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $44.71.

CEVA, Inc. (NASDAQ:CEVA) opened at 42.80 on Monday. The stock has a market capitalization of $940.06 million, a price-to-earnings ratio of 56.61 and a beta of 0.71. The company has a 50 day moving average price of $41.79 and a 200 day moving average price of $41.05. CEVA, Inc. has a 12 month low of $28.15 and a 12 month high of $48.67.

CEVA (NASDAQ:CEVA) last issued its earnings results on Thursday, August 3rd. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. CEVA had a net margin of 20.52% and a return on equity of 8.24%. The company had revenue of $20.57 million during the quarter, compared to analyst estimates of $19.66 million. During the same quarter last year, the business posted $0.21 EPS. The company’s revenue for the quarter was up 20.3% on a year-over-year basis. Equities research analysts predict that CEVA, Inc. will post $1.14 earnings per share for the current year.

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CEVA Profile

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).

Institutional Ownership by Quarter for CEVA (NASDAQ:CEVA)

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