ArrowMark Colorado Holdings LLC Has $8.04 Million Stock Position in CEVA, Inc. (NASDAQ:CEVA)

ArrowMark Colorado Holdings LLC grew its position in CEVA, Inc. (NASDAQ:CEVA) by 199.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 254,677 shares of the semiconductor company’s stock after purchasing an additional 169,677 shares during the period. ArrowMark Colorado Holdings LLC’s holdings in CEVA were worth $8,035,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CEVA. Northern Trust Corp increased its position in CEVA by 14.3% during the fourth quarter. Northern Trust Corp now owns 270,372 shares of the semiconductor company’s stock worth $8,530,000 after buying an additional 33,737 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in shares of CEVA during the 4th quarter worth about $596,000. Two Sigma Securities LLC raised its stake in shares of CEVA by 11.6% in the 4th quarter. Two Sigma Securities LLC now owns 9,425 shares of the semiconductor company’s stock valued at $297,000 after acquiring an additional 978 shares in the last quarter. Hood River Capital Management LLC acquired a new stake in CEVA in the 4th quarter worth approximately $473,000. Finally, Price T Rowe Associates Inc. MD bought a new stake in CEVA during the fourth quarter worth approximately $292,000. 85.37% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at CEVA

In other CEVA news, Director Louis Silver sold 4,520 shares of the business’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $30.98, for a total value of $140,029.60. Following the completion of the transaction, the director now directly owns 47,038 shares of the company’s stock, valued at approximately $1,457,237.24. The trade was a 8.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.40% of the stock is owned by corporate insiders.

CEVA Stock Performance

NASDAQ:CEVA opened at $27.09 on Friday. The company has a market cap of $647.72 million, a price-to-earnings ratio of -73.21 and a beta of 1.46. The stock’s fifty day moving average price is $27.17 and its two-hundred day moving average price is $29.39. CEVA, Inc. has a 52-week low of $16.02 and a 52-week high of $38.94.

CEVA (NASDAQ:CEVA) last issued its earnings results on Thursday, February 13th. The semiconductor company reported ($0.05) EPS for the quarter, missing the consensus estimate 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, equities analysts predict that CEVA, Inc. will post -0.12 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently commented on CEVA shares. StockNews.com downgraded shares of CEVA from a “buy” rating to a “hold” rating in a report on Tuesday, April 1st. Rosenblatt Securities reissued a “buy” rating and set a $45.00 price objective on shares of CEVA in a research report on Wednesday, April 23rd. Finally, Barclays raised their target price on CEVA from $34.00 to $40.00 and gave the company an “overweight” rating in a report on Friday, February 14th. One investment 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 stock has an average rating of “Moderate Buy” and an average target price of $38.60.

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.