Sigma Planning Corp maintained its stake in shares of CEVA, Inc. (NASDAQ:CEVA) during the second quarter, Holdings Channel reports. The firm owned 8,483 shares of the semiconductor company’s stock at the end of the second quarter. Sigma Planning Corp’s holdings in CEVA were worth $386,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. LS Investment Advisors LLC raised its stake in shares of CEVA by 313.4% in the first quarter. LS Investment Advisors LLC now owns 2,935 shares of the semiconductor company’s stock worth $104,000 after buying an additional 2,225 shares during the period. Victory Capital Management Inc. raised its stake in shares of CEVA by 35.2% in the first quarter. Victory Capital Management Inc. now owns 3,249 shares of the semiconductor company’s stock worth $115,000 after buying an additional 846 shares during the period. Penserra Capital Management LLC raised its stake in shares of CEVA by 75.0% in the first quarter. Penserra Capital Management LLC now owns 3,612 shares of the semiconductor company’s stock worth $128,000 after buying an additional 1,548 shares during the period. US Bancorp DE raised its stake in shares of CEVA by 9.2% in the second quarter. US Bancorp DE now owns 3,727 shares of the semiconductor company’s stock worth $169,000 after buying an additional 313 shares during the period. Finally, Mason Street Advisors LLC raised its stake in shares of CEVA by 7.0% in the first quarter. Mason Street Advisors LLC now owns 4,965 shares of the semiconductor company’s stock worth $176,000 after buying an additional 326 shares during the period. Institutional investors and hedge funds own 90.16% of the company’s stock.

CEVA, Inc. (NASDAQ:CEVA) opened at 41.40 on Wednesday. The company has a 50 day moving average of $45.12 and a 200 day moving average of $39.94. The company has a market capitalization of $909.31 million, a PE ratio of 54.76 and a beta of 0.63. CEVA, Inc. has a 52-week low of $28.15 and a 52-week high of $48.67.

CEVA (NASDAQ:CEVA) last posted its quarterly earnings results on Thursday, August 3rd. The semiconductor company reported $0.28 EPS for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.01. CEVA had a return on equity of 8.24% and a net margin of 20.52%. The company had revenue of $20.57 million for the quarter, compared to analysts’ expectations of $19.66 million. During the same period in the previous year, the firm earned $0.21 EPS. The firm’s revenue was up 20.3% compared to the same quarter last year. On average, equities research analysts forecast that CEVA, Inc. will post $1.14 earnings per share for the current fiscal year.

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CEVA has been the subject of a number of recent research reports. Canaccord Genuity boosted their price target on shares of CEVA from $45.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Roth Capital lifted their price objective on shares of CEVA from $47.00 to $53.00 and gave the stock a “buy” rating in a report on Monday, July 31st. BidaskClub downgraded shares of CEVA from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 27th. Benchmark Co. lifted their price objective on shares of CEVA from $42.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, June 5th. Finally, Oppenheimer Holdings, Inc. lifted their price objective on shares of CEVA from $37.00 to $42.00 and gave the stock an “outperform” rating in a report on Monday, May 15th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $44.71.

In related news, Director Louis Silver sold 11,295 shares of the business’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $42.51, for a total value of $480,150.45. Following the transaction, the director now directly owns 24,132 shares of the company’s stock, valued at approximately $1,025,851.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Peter Mcmanamon sold 1,497 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $45.00, for a total value of $67,365.00. Following the completion of the transaction, the director now directly owns 264,054 shares in the company, valued at $11,882,430. The disclosure for this sale can be found here. Over the last three months, insiders sold 26,762 shares of company stock worth $1,139,525. 3.90% of the stock is owned by insiders.

CEVA Company 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).

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Institutional Ownership by Quarter for CEVA (NASDAQ:CEVA)

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