Goldman Sachs Group Inc. Has $3.10 Million Position in CEVA, Inc. (CEVA)

Goldman Sachs Group Inc. trimmed its position in shares of CEVA, Inc. (NASDAQ:CEVA) by 34.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 67,176 shares of the semiconductor company’s stock after selling 34,529 shares during the period. Goldman Sachs Group Inc. owned about 0.31% of CEVA worth $3,101,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of CEVA. Legal & General Group Plc grew its holdings in CEVA by 2.9% during the 3rd quarter. Legal & General Group Plc now owns 39,918 shares of the semiconductor company’s stock valued at $1,708,000 after purchasing an additional 1,130 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in CEVA by 254.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 34,033 shares of the semiconductor company’s stock valued at $1,455,000 after purchasing an additional 24,432 shares during the last quarter. Wells Fargo & Company MN grew its holdings in CEVA by 46.0% during the 3rd quarter. Wells Fargo & Company MN now owns 25,542 shares of the semiconductor company’s stock valued at $1,093,000 after purchasing an additional 8,043 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in CEVA by 12.6% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 105,339 shares of the semiconductor company’s stock valued at $4,509,000 after purchasing an additional 11,756 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in CEVA by 2.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 617,663 shares of the semiconductor company’s stock worth $26,436,000 after acquiring an additional 13,633 shares in the last quarter. Institutional investors own 90.25% of the company’s stock.

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In other news, EVP Issachar Ohana sold 768 shares of the company’s stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of $41.50, for a total value of $31,872.00. Following the completion of the sale, the executive vice president now owns 27,929 shares of the company’s stock, valued at approximately $1,159,053.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.90% of the stock is currently owned by corporate insiders.

CEVA has been the topic of a number of research analyst reports. TheStreet downgraded shares of CEVA from a “b” rating to a “c+” rating in a research note on Wednesday, February 14th. Oppenheimer downgraded shares of CEVA from an “outperform” rating to a “hold” rating in a research note on Wednesday, January 24th. They noted that the move was a valuation call. Barclays dropped their target price on shares of CEVA from $54.00 to $50.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 7th. UBS downgraded shares of CEVA from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 24th. Finally, Zacks Investment Research downgraded shares of CEVA from a “hold” rating to a “strong sell” rating in a research note on Friday, January 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. CEVA has a consensus rating of “Hold” and a consensus price target of $48.83.

Shares of CEVA stock opened at $36.55 on Friday. The stock has a market capitalization of $803.28, a price-to-earnings ratio of 45.69, a P/E/G ratio of 2.85 and a beta of 0.88. CEVA, Inc. has a one year low of $33.40 and a one year high of $51.80.

CEVA (NASDAQ:CEVA) last issued its earnings results on Tuesday, February 6th. The semiconductor company reported $0.25 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.25. The business had revenue of $21.60 million for the quarter, compared to the consensus estimate of $21.17 million. CEVA had a net margin of 19.46% and a return on equity of 7.82%. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.32 EPS. sell-side analysts anticipate that CEVA, Inc. will post 0.63 earnings per share for the current fiscal year.

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CEVA Profile

CEVA, Inc licenses signal processing platforms and artificial intelligence processors for semiconductor companies and original equipment manufacturers (OEMs) serving the mobile, consumer, automotive, industrial, and Internet-of Things (IoT) markets worldwide. The company licenses a family of programmable digital signal processor (DSP) cores and application-specific platforms for imaging, computer vision, deep learning, sound, voice, and audio processing; and long range wireless technologies for LTE/5G baseband processing in IoT, handsets, and infrastructure, as well as short range wireless platforms for Wi-Fi and Bluetooth.

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Institutional Ownership by Quarter for CEVA (NASDAQ:CEVA)

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