BidaskClub lowered shares of CEVA (NASDAQ:CEVA) from a hold rating to a sell rating in a research report report published on Monday, February 5th.
Several other analysts have also recently commented on CEVA. Canaccord Genuity upped their target price on shares of CEVA from $53.00 to $54.00 and gave the company a buy rating in a research report on Wednesday, November 1st. Zacks Investment Research lowered shares of CEVA from a hold rating to a sell rating in a report on Monday, November 6th. UBS Group lowered shares of CEVA from an outperform rating to a market perform rating in a report on Wednesday, January 24th. Finally, Oppenheimer lowered shares of CEVA from an outperform rating to a hold rating in a report on Wednesday, January 24th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $47.57.
CEVA (NASDAQ:CEVA) traded down $0.05 during midday trading on Monday, reaching $35.60. The company’s stock had a trading volume of 140,200 shares, compared to its average volume of 240,723. The firm has a market capitalization of $783.41, a P/E ratio of 46.84, a price-to-earnings-growth ratio of 2.81 and a beta of 0.72. CEVA has a 12 month low of $32.80 and a 12 month high of $51.80.
In other news, EVP Issachar Ohana sold 1,965 shares of the firm’s stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $50.10, for a total transaction of $98,446.50. Following the transaction, the executive vice president now directly owns 28,289 shares of the company’s stock, valued at $1,417,278.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gideon Wertheizer sold 20,603 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $49.28, for a total transaction of $1,015,315.84. Following the transaction, the chief executive officer now directly owns 82,497 shares in the company, valued at $4,065,452.16. The disclosure for this sale can be found here. Over the last three months, insiders sold 58,467 shares of company stock worth $2,834,039. Insiders own 3.90% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in CEVA. Piedmont Investment Advisors LLC bought a new stake in CEVA in the second quarter valued at $211,000. Cubist Systematic Strategies LLC bought a new stake in CEVA in the third quarter valued at $213,000. GSA Capital Partners LLP bought a new stake in CEVA in the third quarter valued at $239,000. Icon Advisers Inc. Co. bought a new stake in CEVA in the third quarter valued at $291,000. Finally, UBS Asset Management Americas Inc. grew its holdings in shares of CEVA by 8.1% during the second quarter. UBS Asset Management Americas Inc. now owns 6,699 shares of the semiconductor company’s stock valued at $304,000 after buying an additional 500 shares during the last quarter. 86.81% of the stock is owned by institutional investors and hedge funds.
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CEVA, Inc (CEVA) is a licensor of signal processing intellectual property (IP). The Company partners with semiconductor companies and original equipment manufacturers (OEMs) to create connected devices for a range of end markets, including mobile, consumer, automotive, industrial and Internet of things (IoT).
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