Rice Hall James & Associates LLC Buys 148,725 Shares of CEVA, Inc. (CEVA)

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Rice Hall James & Associates LLC grew its stake in shares of CEVA, Inc. (NASDAQ:CEVA) by 13.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,286,973 shares of the semiconductor company’s stock after purchasing an additional 148,725 shares during the quarter. CEVA accounts for 1.1% of Rice Hall James & Associates LLC’s investment portfolio, making the stock its 25th biggest position. Rice Hall James & Associates LLC owned 0.06% of CEVA worth $34,697,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Roubaix Capital LLC acquired a new position in shares of CEVA during the first quarter worth about $2,887,000. Legal & General Group Plc lifted its stake in shares of CEVA by 6.8% during the third quarter. Legal & General Group Plc now owns 46,776 shares of the semiconductor company’s stock worth $1,342,000 after purchasing an additional 2,986 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of CEVA by 1.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 724,329 shares of the semiconductor company’s stock worth $16,001,000 after purchasing an additional 13,401 shares in the last quarter. Vanguard Group Inc lifted its stake in shares of CEVA by 1.8% during the third quarter. Vanguard Group Inc now owns 2,262,434 shares of the semiconductor company’s stock worth $65,044,000 after purchasing an additional 40,886 shares in the last quarter. Finally, Two Sigma Advisers LP lifted its stake in shares of CEVA by 6.3% during the fourth quarter. Two Sigma Advisers LP now owns 104,987 shares of the semiconductor company’s stock worth $2,319,000 after purchasing an additional 6,189 shares in the last quarter. Institutional investors own 88.98% of the company’s stock.

CEVA stock traded up $0.42 during midday trading on Friday, hitting $25.41. The stock had a trading volume of 892 shares, compared to its average volume of 149,644. The firm has a market cap of $549.11 million, a P/E ratio of 230.18 and a beta of 1.68. CEVA, Inc. has a 12 month low of $20.40 and a 12 month high of $35.00.

CEVA (NASDAQ:CEVA) last announced its quarterly earnings data on Wednesday, February 13th. The semiconductor company reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.08. The firm had revenue of $21.40 million during the quarter, compared to analyst estimates of $22.07 million. CEVA had a return on equity of 1.00% and a net margin of 0.74%. CEVA’s quarterly revenue was down .9% on a year-over-year basis. During the same period in the previous year, the company earned $0.25 earnings per share. On average, equities analysts anticipate that CEVA, Inc. will post -0.08 EPS for the current year.

A number of research analysts have commented on the company. BidaskClub upgraded CEVA from a “hold” rating to a “buy” rating in a research note on Saturday, April 13th. ValuEngine cut CEVA from a “buy” rating to a “hold” rating in a research note on Monday, February 4th. Cowen reduced their price objective on CEVA from $35.00 to $33.00 and set an “outperform” rating on the stock in a research note on Thursday, February 14th. Northland Securities cut CEVA from an “outperform” rating to a “market perform” rating and set a $27.00 price target on the stock. in a research note on Thursday, February 14th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $35.00 price target (down previously from $41.00) on shares of CEVA in a research note on Wednesday, February 13th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $33.43.

In related news, EVP Issachar Ohana sold 6,670 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $28.00, for a total value of $186,760.00. Following the completion of the sale, the executive vice president now directly owns 34,616 shares of the company’s stock, valued at $969,248. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 3.80% of the stock is owned by insiders.

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About CEVA

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 signal processing intellectual properties (IPs), including platforms for 5G baseband processing in handsets and base station RAN; integrated cellular IoT solutions; digital signal processor (DSP) platforms incorporating voice input algorithms and software for voice enabled devices; and DSP platforms for advanced imaging and computer vision in various camera-enabled devices, as well as a family of self-contained artificial intelligent (AI) processors that address a range of edge applications.

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Institutional Ownership by Quarter for CEVA (NASDAQ:CEVA)

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