Principal Financial Group Inc. Sells 3,800 Shares of CEVA, Inc. (NASDAQ:CEVA)

Principal Financial Group Inc. decreased its position in CEVA, Inc. (NASDAQ:CEVAFree Report) by 3.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 122,488 shares of the semiconductor company’s stock after selling 3,800 shares during the quarter. Principal Financial Group Inc. owned 0.52% of CEVA worth $2,782,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Senvest Management LLC lifted its holdings in shares of CEVA by 29.9% in the 3rd quarter. Senvest Management LLC now owns 1,864,131 shares of the semiconductor company’s stock worth $36,146,000 after acquiring an additional 429,132 shares during the last quarter. AWM Investment Company Inc. lifted its stake in CEVA by 2.2% in the third quarter. AWM Investment Company Inc. now owns 457,342 shares of the semiconductor company’s stock worth $8,868,000 after purchasing an additional 10,000 shares during the last quarter. Acadian Asset Management LLC boosted its position in CEVA by 80.2% during the third quarter. Acadian Asset Management LLC now owns 195,013 shares of the semiconductor company’s stock valued at $3,780,000 after buying an additional 86,781 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of CEVA by 13,776.3% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 180,947 shares of the semiconductor company’s stock valued at $4,110,000 after buying an additional 179,643 shares during the last quarter. Finally, Robertson Opportunity Capital LLC increased its holdings in shares of CEVA by 26.8% in the third quarter. Robertson Opportunity Capital LLC now owns 94,600 shares of the semiconductor company’s stock worth $1,834,000 after buying an additional 20,000 shares during the period. Hedge funds and other institutional investors own 85.37% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Rosenblatt Securities restated a “buy” rating and set a $28.00 target price on shares of CEVA in a report on Tuesday, February 13th. TD Cowen raised their target price on shares of CEVA from $25.00 to $28.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. Finally, Roth Mkm lowered their price target on shares of CEVA from $25.00 to $20.00 and set a “neutral” rating for the company in a report on Friday, May 10th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $27.00.

Check Out Our Latest Stock Analysis on CEVA

CEVA Stock Performance

CEVA opened at $19.92 on Friday. The stock has a market capitalization of $469.71 million, a PE ratio of -37.58 and a beta of 1.17. The stock’s 50 day moving average price is $20.70 and its 200-day moving average price is $21.61. CEVA, Inc. has a 52-week low of $16.38 and a 52-week high of $27.65.

CEVA (NASDAQ:CEVAGet Free Report) last announced its earnings results on Thursday, May 9th. The semiconductor company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.06). The business had revenue of $22.07 million for the quarter, compared to the consensus estimate of $23.06 million. CEVA had a negative net margin of 12.91% and a negative return on equity of 5.70%. Research analysts forecast that CEVA, Inc. will post -0.32 EPS for the current fiscal year.

Insider Activity at CEVA

In related news, Director Louis Silver sold 4,730 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $23.19, for a total transaction of $109,688.70. Following the completion of the transaction, the director now owns 40,576 shares in the company, valued at $940,957.44. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 2.40% of the stock is owned by corporate insiders.

CEVA Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CEVA (NASDAQ:CEVA)

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