Deutsche Bank AG Purchases 7,225 Shares of CEVA, Inc. (NASDAQ:CEVA)

Deutsche Bank AG increased its position in shares of CEVA, Inc. (NASDAQ:CEVA) by 6.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 118,554 shares of the semiconductor company’s stock after acquiring an additional 7,225 shares during the quarter. Deutsche Bank AG owned about 0.50% of CEVA worth $3,740,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Harvest Fund Management Co. Ltd bought a new position in shares of CEVA during the 4th quarter worth approximately $40,000. Meeder Asset Management Inc. bought a new position in shares of CEVA during the 4th quarter worth approximately $46,000. KLP Kapitalforvaltning AS bought a new position in shares of CEVA during the 4th quarter worth approximately $129,000. Cornerstone Investment Partners LLC bought a new position in shares of CEVA during the 4th quarter worth approximately $215,000. Finally, Arizona State Retirement System bought a new position in shares of CEVA during the 4th quarter worth approximately $217,000. Institutional investors own 85.37% of the company’s stock.

Insider Transactions at CEVA

In related news, Director Louis Silver sold 4,520 shares of the stock in a transaction on Friday, March 14th. The shares were sold at an average price of $30.98, for a total transaction of $140,029.60. Following the sale, the director now directly owns 47,038 shares of the company’s stock, valued at approximately $1,457,237.24. This represents a 8.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 2.40% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on CEVA. Oppenheimer cut their price target on shares of CEVA from $40.00 to $33.00 and set an “outperform” rating on the stock in a research note on Friday, May 9th. StockNews.com lowered shares of CEVA from a “buy” rating to a “hold” rating in a research note on Tuesday, April 1st. Rosenblatt Securities restated a “buy” rating and set a $40.00 price target on shares of CEVA in a research note on Thursday, May 8th. Finally, Barclays cut their price target on shares of CEVA from $40.00 to $30.00 and set an “overweight” rating on the stock in a research note on Thursday, May 8th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, CEVA currently has an average rating of “Moderate Buy” and a consensus price target of $35.60.

CEVA Price Performance

NASDAQ:CEVA opened at $20.70 on Wednesday. The firm has a market capitalization of $494.94 million, a P/E ratio of -55.94 and a beta of 1.37. CEVA, Inc. has a 1-year low of $16.02 and a 1-year high of $38.94. The company’s fifty day moving average price is $24.84 and its 200-day moving average price is $29.28.

CEVA (NASDAQ:CEVA) last released its quarterly earnings data on Wednesday, May 7th. The semiconductor company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The business had revenue of $24.25 million during the quarter, compared to analyst estimates of $26.55 million. CEVA had a negative return on equity of 2.48% and a negative net margin of 8.22%. The firm’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.05) EPS. Equities analysts anticipate that CEVA, Inc. will post -0.12 EPS for the current fiscal year.

CEVA 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.