Cubist Systematic Strategies LLC Invests $330,000 in CEVA, Inc. (NASDAQ:CEVA)

Cubist Systematic Strategies LLC acquired a new stake in CEVA, Inc. (NASDAQ:CEVAFree Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 17,101 shares of the semiconductor company’s stock, valued at approximately $330,000. Cubist Systematic Strategies LLC owned approximately 0.07% of CEVA as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Acadian Asset Management LLC increased its position in shares of CEVA by 67.9% during the first quarter. Acadian Asset Management LLC now owns 523,614 shares of the semiconductor company’s stock worth $11,887,000 after acquiring an additional 211,697 shares during the period. CANADA LIFE ASSURANCE Co raised its position in CEVA by 1,693.8% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 321,602 shares of the semiconductor company’s stock valued at $7,284,000 after purchasing an additional 303,673 shares in the last quarter. Vanguard Group Inc. grew its position in shares of CEVA by 2.2% during the first quarter. Vanguard Group Inc. now owns 2,969,107 shares of the semiconductor company’s stock worth $67,428,000 after buying an additional 62,734 shares in the last quarter. Congress Asset Management Co. MA purchased a new stake in shares of CEVA during the fourth quarter worth approximately $383,000. Finally, American Century Companies Inc. raised its holdings in CEVA by 18.9% in the second quarter. American Century Companies Inc. now owns 32,168 shares of the semiconductor company’s stock valued at $621,000 after acquiring an additional 5,119 shares in the last quarter. 85.37% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CEVA has been the subject of several analyst reports. Oppenheimer boosted their price target on shares of CEVA from $29.00 to $33.00 and gave the stock an “outperform” rating in a report on Thursday, August 8th. Roth Mkm upgraded CEVA from a “neutral” rating to a “buy” rating and increased their price objective for the company from $20.00 to $25.00 in a report on Thursday, August 8th. Finally, StockNews.com downgraded CEVA from a “buy” rating to a “hold” rating in a report on Wednesday, August 21st. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $28.50.

View Our Latest Analysis on CEVA

CEVA Trading Up 3.1 %

CEVA stock opened at $25.26 on Monday. The company has a market capitalization of $595.68 million, a P/E ratio of -47.66 and a beta of 1.19. The business has a 50 day simple moving average of $23.24 and a 200-day simple moving average of $21.24. CEVA, Inc. has a twelve month low of $16.02 and a twelve month high of $25.54.

CEVA (NASDAQ:CEVAGet Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The semiconductor company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.14. The firm had revenue of $28.44 million during the quarter, compared to analysts’ expectations of $24.47 million. CEVA had a negative net margin of 7.02% and a negative return on equity of 3.77%. Research analysts predict that CEVA, Inc. will post -0.31 EPS for the current fiscal year.

About CEVA

(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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