Wells Fargo & Company MN Has $733,000 Stock Holdings in CEVA, Inc. (NASDAQ:CEVA)

Wells Fargo & Company MN grew its position in shares of CEVA, Inc. (NASDAQ:CEVA) by 22.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,225 shares of the semiconductor company’s stock after acquiring an additional 4,294 shares during the quarter. Wells Fargo & Company MN owned 0.10% of CEVA worth $733,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Barclays PLC lifted its position in shares of CEVA by 389.8% in the third quarter. Barclays PLC now owns 41,900 shares of the semiconductor company’s stock worth $1,011,000 after purchasing an additional 33,346 shares in the last quarter. Tidal Investments LLC raised its holdings in CEVA by 4.6% during the third quarter. Tidal Investments LLC now owns 18,260 shares of the semiconductor company’s stock worth $441,000 after acquiring an additional 808 shares in the last quarter. Franklin Resources Inc. raised 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 worth $842,000 after acquiring an additional 12,515 shares in the last quarter. JPMorgan Chase & Co. boosted its position in CEVA by 55.9% during 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 during the last quarter. Finally, GAMMA Investing LLC grew its stake in CEVA by 63.3% in the fourth quarter. GAMMA Investing LLC now owns 2,379 shares of the semiconductor company’s stock valued at $75,000 after purchasing an additional 922 shares in the last quarter. 85.37% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other CEVA 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 transaction of $140,029.60. Following the transaction, the director now owns 47,038 shares in the company, valued at $1,457,237.24. This trade represents a 8.77 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.40% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. StockNews.com downgraded CEVA from a “buy” rating to a “hold” rating in a report on Tuesday, April 1st. Rosenblatt Securities reiterated a “buy” rating and issued a $45.00 price target on shares of CEVA in a research note on Wednesday, April 23rd. Finally, Barclays boosted their price objective on shares of CEVA from $34.00 to $40.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $38.60.

CEVA Trading Up 0.5 %

CEVA opened at $26.35 on Friday. The stock’s fifty day simple moving average is $27.28 and its 200 day simple moving average is $29.35. CEVA, Inc. has a 1-year low of $16.02 and a 1-year high of $38.94. The stock has a market cap of $630.03 million, a PE ratio of -71.21 and a beta of 1.46.

CEVA (NASDAQ:CEVA) last issued its quarterly earnings data on Thursday, February 13th. The semiconductor company reported ($0.05) earnings per share 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%. Equities analysts forecast that CEVA, Inc. will post -0.12 earnings per share for the current year.

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.