CEVA, Inc. (NASDAQ:CEVA) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its position in shares of CEVA, Inc. (NASDAQ:CEVA) by 5.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,601 shares of the semiconductor company’s stock after selling 976 shares during the period. Thrivent Financial for Lutherans owned about 0.08% of CEVA worth $449,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. GSA Capital Partners LLP acquired a new stake in CEVA in the third quarter valued at $263,000. 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. SG Americas Securities LLC acquired a new stake in CEVA in the third quarter valued at $296,000. US Bancorp DE raised its holdings in CEVA by 125.8% in the third quarter. US Bancorp DE now owns 1,398 shares of the semiconductor company’s stock valued at $34,000 after acquiring an additional 779 shares in the last quarter. Finally, Point72 DIFC Ltd acquired a new stake in CEVA in the second quarter valued at $43,000. 85.37% of the stock is owned by institutional investors and hedge funds.

CEVA Stock Down 2.9 %

CEVA stock opened at $29.96 on Friday. CEVA, Inc. has a fifty-two week low of $16.02 and a fifty-two week high of $31.75. The firm’s 50-day simple moving average is $26.29 and its 200 day simple moving average is $22.84. The stock has a market cap of $707.86 million, a PE ratio of -214.00 and a beta of 1.27.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CEVA. Roth Mkm upped their price target on shares of CEVA from $25.00 to $40.00 and gave the company a “buy” rating in a report on Friday, November 8th. Oppenheimer increased their target price on shares of CEVA from $29.00 to $33.00 and gave the stock an “outperform” rating in a report on Thursday, August 8th. StockNews.com cut shares of CEVA from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Finally, Rosenblatt Securities increased their target price on shares of CEVA from $28.00 to $35.00 and gave the stock a “buy” rating in a report on Friday, November 8th. 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 company presently has an average rating of “Moderate Buy” and a consensus price target of $34.00.

CEVA Company Profile

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.