Tudor Investment Corp ET AL Sells 12,056 Shares of CEVA, Inc. (NASDAQ:CEVA)

Tudor Investment Corp ET AL cut its stake in shares of CEVA, Inc. (NASDAQ:CEVA) by 29.4% in the fourth quarter, Holdings Channel reports. The firm owned 28,946 shares of the semiconductor company’s stock after selling 12,056 shares during the quarter. Tudor Investment Corp ET AL’s holdings in CEVA were worth $913,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CEVA. Barclays PLC grew its position in shares of CEVA by 389.8% during the 3rd quarter. Barclays PLC now owns 41,900 shares of the semiconductor company’s stock worth $1,011,000 after buying an additional 33,346 shares during the period. Tidal Investments LLC boosted its stake in CEVA by 4.6% during the 3rd quarter. Tidal Investments LLC now owns 18,260 shares of the semiconductor company’s stock worth $441,000 after acquiring an additional 808 shares during the last quarter. Franklin Resources Inc. grew its holdings in CEVA by 59.8% during the third quarter. Franklin Resources Inc. now owns 33,432 shares of the semiconductor company’s stock valued at $842,000 after purchasing an additional 12,515 shares during the period. JPMorgan Chase & Co. increased its stake in CEVA by 55.9% in the third quarter. JPMorgan Chase & Co. now owns 115,979 shares of the semiconductor company’s stock valued at $2,801,000 after purchasing an additional 41,573 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in CEVA by 63.3% in the fourth quarter. GAMMA Investing LLC now owns 2,379 shares of the semiconductor company’s stock worth $75,000 after purchasing an additional 922 shares during the period. Institutional investors own 85.37% of the company’s stock.

Insider Activity

In related news, Director Louis Silver sold 4,520 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $30.98, for a total value of $140,029.60. Following the sale, the director now owns 47,038 shares in the company, valued at approximately $1,457,237.24. This represents a 8.77 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.40% of the company’s stock.

Analysts Set New Price Targets

CEVA has been the subject of a number of recent analyst reports. Rosenblatt Securities restated a “buy” rating and issued a $45.00 price objective on shares of CEVA in a research report on Wednesday, April 23rd. StockNews.com lowered CEVA from a “buy” rating to a “hold” rating in a research report on Tuesday, April 1st. Finally, Barclays boosted their price objective on CEVA from $34.00 to $40.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $38.60.

CEVA Trading Down 0.4 %

NASDAQ CEVA opened at $26.51 on Wednesday. The firm has a market capitalization of $633.90 million, a P/E ratio of -71.65 and a beta of 1.37. The firm’s fifty day moving average price is $26.79 and its two-hundred day moving average price is $29.42. CEVA, Inc. has a 1 year low of $16.02 and a 1 year high of $38.94.

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

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.