GAMMA Investing LLC Has $55,000 Stock Holdings in Ceva, Inc. $CEVA

GAMMA Investing LLC lessened its stake in Ceva, Inc. (NASDAQ:CEVA) by 27.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,497 shares of the semiconductor company’s stock after selling 940 shares during the quarter. GAMMA Investing LLC’s holdings in Ceva were worth $55,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of CEVA. Principal Financial Group Inc. grew its stake in Ceva by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 117,894 shares of the semiconductor company’s stock valued at $3,019,000 after buying an additional 2,629 shares in the last quarter. D.A. Davidson & CO. grew its position in shares of Ceva by 5.7% during the 1st quarter. D.A. Davidson & CO. now owns 63,437 shares of the semiconductor company’s stock valued at $1,625,000 after purchasing an additional 3,423 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Ceva by 9.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 40,546 shares of the semiconductor company’s stock valued at $1,279,000 after purchasing an additional 3,584 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Ceva by 2.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 231,369 shares of the semiconductor company’s stock valued at $5,925,000 after purchasing an additional 4,624 shares in the last quarter. Finally, American Century Companies Inc. grew its position in shares of Ceva by 18.2% during the 1st quarter. American Century Companies Inc. now owns 51,735 shares of the semiconductor company’s stock valued at $1,325,000 after purchasing an additional 7,969 shares in the last quarter. Institutional investors own 85.37% of the company’s stock.

Ceva Price Performance

CEVA stock opened at $28.02 on Friday. Ceva, Inc. has a 1 year low of $18.31 and a 1 year high of $38.94. The company has a market cap of $669.12 million, a P/E ratio of -66.71 and a beta of 1.29. The firm has a 50-day moving average of $23.69 and a 200 day moving average of $23.14.

Ceva (NASDAQ:CEVA) last announced its quarterly earnings data on Monday, August 11th. The semiconductor company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02. The business had revenue of $25.68 million for the quarter, compared to analysts’ expectations of $25.33 million. Ceva had a negative net margin of 9.48% and a negative return on equity of 3.04%. The business’s revenue was down 9.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.17 earnings per share. On average, equities research analysts expect that Ceva, Inc. will post -0.12 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Rosenblatt Securities restated a “buy” rating and set a $40.00 price target on shares of Ceva in a research report on Thursday, August 14th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Ceva in a research report on Saturday, September 27th. Five research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Ceva presently has a consensus rating of “Moderate Buy” and an average price target of $35.60.

About Ceva

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.