Jacob Asset Management of New York LLC Has $2.98 Million Position in CEVA, Inc. (NASDAQ:CEVA)

Jacob Asset Management of New York LLC lowered its position in CEVA, Inc. (NASDAQ:CEVAGet Rating) by 2.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 69,008 shares of the semiconductor company’s stock after selling 2,052 shares during the period. CEVA accounts for 1.3% of Jacob Asset Management of New York LLC’s portfolio, making the stock its 25th largest holding. Jacob Asset Management of New York LLC owned 0.30% of CEVA worth $2,984,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in CEVA. Assenagon Asset Management S.A. grew its holdings in CEVA by 452.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 256,962 shares of the semiconductor company’s stock valued at $11,111,000 after purchasing an additional 210,467 shares during the last quarter. Senvest Management LLC grew its holdings in CEVA by 157.3% during the third quarter. Senvest Management LLC now owns 202,030 shares of the semiconductor company’s stock valued at $8,621,000 after purchasing an additional 123,506 shares during the last quarter. Granahan Investment Management Inc. MA grew its holdings in CEVA by 43.3% during the third quarter. Granahan Investment Management Inc. MA now owns 260,367 shares of the semiconductor company’s stock valued at $11,110,000 after purchasing an additional 78,725 shares during the last quarter. Millennium Management LLC grew its holdings in CEVA by 226.8% during the third quarter. Millennium Management LLC now owns 85,661 shares of the semiconductor company’s stock valued at $3,655,000 after purchasing an additional 59,449 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in CEVA by 21.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 293,814 shares of the semiconductor company’s stock valued at $12,704,000 after purchasing an additional 51,990 shares during the last quarter. Hedge funds and other institutional investors own 80.65% of the company’s stock.

In other news, EVP Issachar Ohana sold 6,000 shares of the firm’s stock in a transaction on Wednesday, March 16th. The stock was sold at an average price of $38.68, for a total value of $232,080.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. 2.70% of the stock is currently owned by company insiders.

Shares of NASDAQ CEVA traded down $1.79 during midday trading on Thursday, hitting $36.39. The stock had a trading volume of 3,346 shares, compared to its average volume of 146,184. The company’s 50-day simple moving average is $38.06 and its 200 day simple moving average is $40.94. The firm has a market cap of $844.25 million, a P/E ratio of 3,666.00, a price-to-earnings-growth ratio of 13.94 and a beta of 1.04. CEVA, Inc. has a fifty-two week low of $32.45 and a fifty-two week high of $52.81.

CEVA (NASDAQ:CEVAGet Rating) last released its earnings results on Tuesday, February 15th. The semiconductor company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.04 by $0.08. The company had revenue of $34.10 million during the quarter, compared to analysts’ expectations of $32.68 million. CEVA had a return on equity of 1.15% and a net margin of 0.32%. The business’s revenue for the quarter was up 21.4% on a year-over-year basis. During the same period last year, the firm earned $0.06 EPS. On average, sell-side analysts forecast that CEVA, Inc. will post 0.13 earnings per share for the current fiscal year.

Several research firms have recently weighed in on CEVA. Rosenblatt Securities raised CEVA from a “neutral” rating to a “buy” rating and increased their price objective for the company from $50.00 to $60.00 in a research report on Wednesday, February 16th. StockNews.com initiated coverage on CEVA in a report on Thursday, March 31st. They set a “buy” rating for the company. One analyst has rated the stock with a sell rating and six have issued a buy rating to the stock. Based on data from MarketBeat, CEVA currently has a consensus rating of “Buy” and a consensus target price of $60.83.

CEVA Profile (Get Rating)

CEVA, Inc operates as a licensor of wireless connectivity and smart sensing technologies to semiconductor and original equipment manufacturer (OEM) companies worldwide. It designs and licenses various digital signal processors, AI processors, wireless platforms, and complementary software for sensor fusion, image enhancement, computer vision, voice input, and artificial intelligence (AI).

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Institutional Ownership by Quarter for CEVA (NASDAQ:CEVA)

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